LRMA - MetaTrader 5 Script - MQL5 #429 | Forex Indicator Download - MT4/MT5 Resources

This indicator is calculated as follows:

LRMA[bar] = 3.0 * LWMA(price[bar]) - 2.0 * SMA(price[bar])

This indicator clearly shows the market trend dividing the price chart into two parts. If the price is above the indicator line, the trend is up. If the price is below the indicator line, the trend is downward.

The indicator uses classes from the SmoothAlgorithms.mqh and IndicatorsAlgorithms.mqh libraries (they must be placed in the terminal data folder \MQL5\Include). The use of these classes is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

Attachment download

📎 lrma.mq5 (4.56 KB)

📎 indicatorsalgorithms.mqh (11.6 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #429