Forex ZeroLAG MA Indicator
Forex ZeroLAG MA Indicator is a moving average with zero delay. The Indicator ZeroLAG MA was described in journal Technical Analysis of Stocks and Commodities, April, 2000 for the first time.
ZeroLAG MA calculates on formula:
ZeroLAG MA(i) = 2*MA(Price, P1, i) – MA(MA(Price, P1, i), P2, i);
where:
MA – moving average;
Price – an aplyed price;
P1 – a period of the moving average under the first smoothing;
P2 – a period of the moving average under the second smoothing;
What does Forex Indicator mean?
A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Popular forex indicators include moving averages, relative strength index (RSI) and average true range (ATR). A forex trader must choose the indicators that fit his or her trading strategy.
How to install Forex ZeroLAG MA Indicator?
- Download Forex ZeroLAG MA Indicator.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex indicator
- Load indicator on your chart
How to uninstall Forex ZeroLAG MA Indicator?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
