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Triggerlines Cloud Indicator Using LSMA and EMA

Article MQL5 code base
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Summary

Triggerlines Shift Modified is described as a trend indicator displayed as a colored cloud. Its two boundaries are based on a least squares moving average (LSMA) and an exponential moving average (EMA), offering a visual way to compare the indicator lines with price and assess trend direction.

The document says the indicator was first implemented in MQL4 and published in 2008. It provides no formulas, parameter settings, entry or exit rules, chart evidence, or performance results, so it does not establish how well the cloud identifies trends or whether it can be used profitably. Traders would need to consult the implementation details and evaluate it on their own data before drawing conclusions.

Key ideas

  • The indicator presents trend information as a colored cloud.
  • The cloud boundaries are defined by an LSMA and an EMA.
  • The document gives no settings, trading rules, or evidence of performance.

Tags

Technical indicatorsTrend following

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