LSMA Daily Trade
Idea came from an old trader who has been trading for a long time since 2007 till current years, doing manual trading using the LSMA indicator. His experience had a positive result (small but continued).
A brief of what the LSMA indicator is. It stands for Least Squares Moving Average and the indicator plots the endpoint of the linear regression line. By comparing the current value to the prior value a determination is made of a possible trend, i.e. the linear regression line is pointing up or down. Use the close of the current candle after it is finished and the next candle is forming as the end point. That avoids the problem of the candle changing the value of the indicator in real time.
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