Zero Lag Moving Average Indicator
Zero Lag moving average indicator for mt4 – download free. Best trend reversal mt4 indicator. Trend following mt4 indicator.
The Zero Lag Moving Average indicator for MetaTrader is a custom moving average that does not lag behind the price. It also comes with trend detector features to reflect the changes in the bias of the trend. It changes to GREEN when the market is bullish and turns orange in a bearish trend.
So, essentially, the indicator can come in handy as a trend filter to filter out the market noises and also define the trend bias of the market.
How do I get rid of moving average lag?
The regular moving averages have wide applications in the financial trading world. They are used for trade entry/exit, trend filter, etc. But unfortunately, they are prone to lag behind the price.
The Zero Lag Moving indicator is an improved version of the regular moving average; it was carefully built with smoothing features that reduce price lag to almost zero. This explains the high responsive rate of the indicator to the changes in the market.
Furthermore, the indicator is recommended for the novice, intermediate, and advanced forex traders. Besides, it is also suitable for scalping, day/intraday, and swing trading.
How To Trade With The Zero Lag Moving Average Indicator
The above screenshot shows how the indicator would look on your MT4 chart. It also illustrates how to identify a good entry.
The Zero Lag Moving Average indicator is recommended to be used in synergy with price action/other technical indicators for better efficiency.
BUY and SELL Signal: For a BUY signal, wait for the price to move above the GREEN line of the indicator, which implies a potential bullish trend. You may then open a BUY/LONG position after the price also prints a bullish candlestick pattern (e.g. bullish engulfing).
The above principle is also applicable for a SELL setup/entry. You may also refer to the above screenshot for a better grasp of the BUY/SELL concept.
Conclusion
The Zero Lag Moving Average indicator is chart-friendly, easy to use, and highly responsive to the changes in the price. Finally, it is free to download.
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