The LRMA BB trading indicator is a modified Moving Average calculated by the linear regression method and supplemented with Bollinger bands.
Similarly to the original Bollinger bands, the expanding gap between LRMA BB upper and lower lines suggests a trending market. However if the external lines come close together, this means that the market is flat and you may expect a breakout soon.
The bands trading indicator LRMA BB, due to the application of linear regression, reacts more flexibly to price changes, and integration with Bollinger bands makes it possible to use it for trading on price rebounds from the channel boundaries.
Features of LRMA BB MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In LRMA-BB.zip file you will find:
Download LRMA BB MT4 indicator for free: