OPEN-SOURCE SCRIPT
PT Least Squares Moving Average
PT LSMA Multi-Period Indicator
The PT Least Squares Moving Average (LSMA) Multi-Period Indicator is a powerful tool designed for investors who want to track market trends across multiple time horizons in a single, convenient indicator. This indicator calculates the LSMA for four different periods—25 bars, 50 bars, 450 bars, and 500 bars providing a comprehensive view of short-term and long-term market movements.
Key Features:
- Multi-Timeframe Trend Analysis: Tracks both short-term (25 & 50 bars) and long-term (450 & 500 bars) market trends, helping investors make informed decisions.
- Smoothing Capability: The LSMA reduces noise by fitting a linear regression line to past price data, offering a clearer trend direction compared to traditional moving averages.
- One-Indicator Solution: Combines multiple LSMA periods into a single chart, reducing clutter and enhancing visual clarity.
- Versatile Applications: Suitable for trend identification, market timing, and spotting potential reversals across different timeframes.
- Customizable Styling: Allows users to customize colors and line styles for each period to suit their preferences.
How to Use:
1. Short-Term Trends (25 & 50 bars):Ideal for identifying recent price movements and short-term trade opportunities.
2. Long-Term Trends (450 & 500 bars): Helps investors gauge broader market sentiment and position themselves accordingly for longer holding periods.
3. Trend Confirmation: When shorter LSMA periods cross above longer ones, it may signal bullish momentum, whereas the opposite may indicate bearish sentiment.
4. Support and Resistance: The LSMA lines can act as dynamic support and resistance levels during trending markets.
Best For:
- Long-term investors looking to align their positions with dominant market trends.
- Swing traders seeking confirmation from multiple time horizons.
- Portfolio managers tracking price momentum across various investment durations.
This LSMA Multi-Period Indicator equips investors with a well-rounded perspective on price movements, offering a strategic edge in navigating market cycles with confidence.
Created by Prince Thomas
The PT Least Squares Moving Average (LSMA) Multi-Period Indicator is a powerful tool designed for investors who want to track market trends across multiple time horizons in a single, convenient indicator. This indicator calculates the LSMA for four different periods—25 bars, 50 bars, 450 bars, and 500 bars providing a comprehensive view of short-term and long-term market movements.
Key Features:
- Multi-Timeframe Trend Analysis: Tracks both short-term (25 & 50 bars) and long-term (450 & 500 bars) market trends, helping investors make informed decisions.
- Smoothing Capability: The LSMA reduces noise by fitting a linear regression line to past price data, offering a clearer trend direction compared to traditional moving averages.
- One-Indicator Solution: Combines multiple LSMA periods into a single chart, reducing clutter and enhancing visual clarity.
- Versatile Applications: Suitable for trend identification, market timing, and spotting potential reversals across different timeframes.
- Customizable Styling: Allows users to customize colors and line styles for each period to suit their preferences.
How to Use:
1. Short-Term Trends (25 & 50 bars):Ideal for identifying recent price movements and short-term trade opportunities.
2. Long-Term Trends (450 & 500 bars): Helps investors gauge broader market sentiment and position themselves accordingly for longer holding periods.
3. Trend Confirmation: When shorter LSMA periods cross above longer ones, it may signal bullish momentum, whereas the opposite may indicate bearish sentiment.
4. Support and Resistance: The LSMA lines can act as dynamic support and resistance levels during trending markets.
Best For:
- Long-term investors looking to align their positions with dominant market trends.
- Swing traders seeking confirmation from multiple time horizons.
- Portfolio managers tracking price momentum across various investment durations.
This LSMA Multi-Period Indicator equips investors with a well-rounded perspective on price movements, offering a strategic edge in navigating market cycles with confidence.
Created by Prince Thomas
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.