In this post you can see how ona may use the Least Square Moving Average (LSMA) of the highs, lows and the median along with Camarilla pivot points.
The new LSMA is one of the most sophisticated moving averages which incorporates linear regression. It appeared on the market in 2000s.
You may use LSMA weekly, monthly or daily channels. MAC (Moving Average Channel of highs and lows) was introduced by Jake Bernstein. Periods can be changed of course. I applied 45 as in geometry the right angle is 45 degrees and backtesting shows that values slightly below 50 tend to give more accurate signals.
I this trade I target Camarilla L3 weekly reversal level / weekly PP (central Pivot Point - typically price rarely misses those, its a strategy of its own). Price is below monthly close (= camarilla monthly pivot) - didnt plot that. And is also rejecting from 45 weekly LSMA of the lows.
Good luck in your trading!
FOR EDUCATIONAL PURPOSES
The new LSMA is one of the most sophisticated moving averages which incorporates linear regression. It appeared on the market in 2000s.
You may use LSMA weekly, monthly or daily channels. MAC (Moving Average Channel of highs and lows) was introduced by Jake Bernstein. Periods can be changed of course. I applied 45 as in geometry the right angle is 45 degrees and backtesting shows that values slightly below 50 tend to give more accurate signals.
I this trade I target Camarilla L3 weekly reversal level / weekly PP (central Pivot Point - typically price rarely misses those, its a strategy of its own). Price is below monthly close (= camarilla monthly pivot) - didnt plot that. And is also rejecting from 45 weekly LSMA of the lows.
Good luck in your trading!
FOR EDUCATIONAL PURPOSES
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.