LRC indicators: building trends and support and resistance levels
LRC indicators are categorized as trend indicators and are available in three variants. All indicators of the LRC family take the linear regression coefficient into account when calculating, thus increasing the speed of reaction to price reversals and eliminating the lag characteristic of trend indicators, and they do not overdraw.
LRC Channel D1 indicator
LRC Channel D1 indicator displays the daily trend regardless of the work timeframe. The indicator draws the midline, the maximum and minimum of the current trend (dotted lines), as well as breakout lines (solid red lines), beyond which the probability of a price reversal increases.
LRC indicator
Similar to the LRC Channel D1 indicator, except that it displays hourly instead of daily trend.
LRCpath indicator
LRCpath indicator displays on the price chart semicircular lines (path), which are an alternative to the levels support и resistance.
ForTrader.org experts believe that the set of LRC indicators, due to the elimination of lag, can be an effective element of a trending strategy.
Other trend indicators
