If you're looking to enhance your trading strategy, the LR Ratio indicator is a fantastic tool to consider. This oscillator indicator showcases the relationship between two moving averages, which are calculated using the linear regression method. It can provide valuable insights into market trends and help you make more informed trading decisions.
The LR Ratio comes with three customizable parameters that allow you to tailor it to your specific trading style:
- Period LSMA First - This sets the period for the first Least Squares Moving Average (LSMA).
- Period LSMA Second - This sets the period for the second LSMA.
- Applied Price - This determines which price is used in the calculation of the two LSMAs.
By adjusting these parameters, you can fine-tune the indicator to better reflect your trading strategy and preferences. Whether you're a seasoned trader or just starting out, the LR Ratio can be an essential part of your toolkit.
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