This is a lower indicator that attempts to identify possible short-term trend reversals when combined with the Anchored Linreg upper indicator. The LRS line signals a possible reversal when crossing the zero line. The volume line shows volume strength or weakness as related to the move. On weakened volume, expect potential pullbacks or bounces.
The settings for this indicator change daily. Specifically, the volume setting. The daily setting will be published on the discord server, and should match the volume settings for the other volume related indicators.
As always, this indicator is not meant to be used in isolation. Traders benefit the most when combining this indicator with additional information supporting the possible moves.
