Hey there, fellow traders! Today, we're diving into the world of the Integral Linear Regression Moving Average (ILRS MA) and how you can leverage this powerful tool in MetaTrader 5.
The ILRS MA is designed to give you a clearer picture of price trends, and it comes with just two key input parameters:
- Period - This is the calculation period that you’ll set based on your trading strategy.
- Applied Price - This is the price type you'll use for the calculations, whether it's the closing price, opening price, etc.
Now, let’s break down how the ILRS MA is calculated:
ILRS[i] = (N * Sum1 - Sum * Sumy) / (Sum * Sum - N * Sum2) + MVA(I, N)
Where:
Sum = N * (N - 1) * 0.5, Sum2 = N * (N - 1) * (2 * N - 1) / 6, Sum1 = 1 * Price[i - 1] + 2 * Price[i - 2] + … + (N - 1) * Price[i - N + 1], Sumy = Price[i] + Price[i - 1] + … + Price[i - N + 1], MVA(i, N) – This is the simple moving average (SMA), N - This represents the Period.
Using the ILRS MA can really enhance your trading strategy by providing insights into the market's direction. So, give it a try in your next trade and see how it works for you!
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