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
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.