A Two-Line Trend Indicator Using EMA and LSMA Price Position

Summary

This brief description explains a two-line indicator that changes color according to price position. The upper line’s color is based on price relative to a conventional moving average, while the lower line’s color uses price relative to a least-squares moving average (LSMA). The document identifies the indicator’s author and notes that it was first published in 2007.

The text gives no formulas, parameter settings, chart interpretation rules, entry or exit signals, or performance evidence. It therefore offers only a high-level description of how the two lines encode trend context. Traders would need the indicator itself or further documentation to understand how its colors are calculated and to assess whether it is useful in a particular market or timeframe.

Key ideas

• The indicator displays two lines whose colors reflect price position.
• The upper line’s color is tied to price relative to a conventional moving average.
• The lower line’s color is tied to price relative to LSMA.
• The description provides no trading rules or evidence of performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.