Forex ZeroLag Stochs True Indicator
Forex ZeroLag Stochs True Indicator is an George C. Lane’s indicator Stochastic Oscillator (Stoch) with zero delay. The Indicator ZeroLag Stochs_true in contrast with standard Stochastic Oscillator gives the signals on several bars earlier, but divergences/convergence denominated more obviously.
ZeroLAG Stochs_true calculates on formula:
Fast%K(i) = 100*(Close(i) – MaxHigh(N)) / (MaxHigh(N) – MinLow(N));
%K(i) = 2*MA(Fast%K(i), N) – MA(MA(Fast%K(i), N), N);
%D(i) = 2*MA(%K(i), P) – MA(MA(%K(i), P), P);
where:
Fast%K(i) – fast %K of the current bar;
Close(i) – close price of the current bar;
MaxHigh(N) – maximum High for N preceding periods;
MinLow(N) – minimum Low for N preceding periods;
MA – moving average;
N – the range of High/Low computation;
P – smoothing period for %D(i).
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 Stochs True Indicator?
- Download Forex ZeroLag Stochs True 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 Stochs True 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”.
