This indicator is calculated the following way:
LRMA =
3.0 *
LWMA (Price)
– 2.0 *
SMA(Price)
where:
LWMA – linearly weighted smoothing
SMA – simple smoothing
PRICE – price series value
All calculation are made on the current bar and with the current price value.
This indicator clearly shows market trends dividing a price chart into two sectors. If a price...
