LRMA - indicator for MetaTrader 5

This indicator is calculated the following way:

where:

• LWMA() - linearly weighted smoothing;
• SMA() - simple smoothing;
• PRICE[] - price series value;
• bar - current bar index.

This indicator clearly shows market trends dividing a price chart into two sectors.  If a price is above the indicator line, the trend is going upwards. If a price is below the indicator line, the trend is going downwards.

The indicator uses the classes from the SmoothAlgorithms.mqh and IndicatorsAlgorithms.mqh libraries (they must be placed to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly descirbed in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".