Must-have indicator for a bull market: LSMA 129
Hi, this is ChartInfo. When there’s a strong uptrend, I always make sure to check if the price is finding support at a moving average called the LSMA. Let’s dive into the LSMA, a powerful auxiliary indicator for support in a bull market. BTCUSDT 4H 1. What is LSMA (Least Squares Moving Average)? LSMA is a moving average that applies the statistical method of "Linear Regression" to price data. That’s why it’s also frequently called the "Linear Regression Indicator. " While the Simple Moving Average (SMA) or Exponential Moving Average (EMA) inevitably suffers from "lagging" because they average out past prices, the LSMA is different. It finds the best-fit "straight line" that explains the distribution of price data over a set period and plots a point on the chart where that line points at the current moment. In other words, it statistically predicts "Where should the price be right now?" if it continues its current trend. Th...