Least squares MA (LSMA)
Moving averagesOverlays priceThe end point of the straight line that best fits the recent bars, recalculated every day.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It is not an average but the tip of a fitted trend line, so it runs through the middle of the bars while price moves in a straight run. This is the same calculation as a linear regression curve.
Where it misleads
If the window is bent rather than straight, squeezing it into one line blurs the meaning.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Arnaud Legoux MA (ALMA)An average whose centre of weight you can slide forward or back.
- Kaufman adaptive MA (KAMA)An average that speeds up in a clean run and slows down in chop.
- McGinley DynamicAn average that lengthens its own stride when price moves fast.
- Volume weighted MA (VWMA)An average that gives heavy-volume days more say.
- Zero-lag EMA (ZLEMA)An average that pushes the input forward first to cancel out the delay.
- Tillson T3An average that trades smoothness for speed through a single dial.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.