Forex ZeroLag MACD Indicator
Forex ZeroLag MACD Indicator is an indicator Moving Average Convergence/Divergence, MACD with zero delay. The Indicator ZeroLag MACD in contrast with standard MACD gives the signals on several bars earlier, but divergences/convergence denominated more obviously.
ZeroLAG MACD calculates on formula:
ZeroLAG MACD(i) = (2*EMA(Close, FP, i) – EMA(EMA(Close, FP, i), FP, i)) – (2*EMA(Close, SP, i) – EMA(EMA(Close, SP, i), SP, i));
ZeroLAG MACD Signal(i) = 2*EMA(ZeroLAG MACD(i), SigP, i) – EMA(EMA(ZeroLAG MACD(i), SigP, i), SigP, i);
where:
EMA – exponential moving average;
Close – a price of the closing of the bar;
FP – a period of the quick moving average;
SP – a period of the slow moving average;
SigP – a period of the signal moving average;
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 MACD Indicator?
- Download Forex ZeroLag MACD 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 MACD 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”.