The no-lag MA Candle indicator for Metatrader 5 shows up in the chart as a series of colored candles that deliver trend signals.
As the indicator name suggests, the candles do not lag the price and respond fast to trend changes.
The indicator uses two colors to determine the buying and selling state:
- A blue colored candle represents a bullish trend.
- A brown colored candle represents a bearish trend.
The following indicator inputs and parameters can be modified: look back period, price.
It supports all time frames, Forex pairs, Indices, Stocks, Metals, etc.
Please make yourself familiar with this technical indicator and test it first on a demo account before using it on real trading account.
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NonLag ma trend.mq5 Indicator (MT5)
Chart Example
The following chart shows what the no-lag MA Candle indicator looks like when applied to the MT5 chart.
How To Buy And Sell FX Pairs With The No-Lag MA Forex Candle Indicator?
Find a simple trading example below:
Buy Signal
- The first blue colored candle is your buy trade entry signal.
- Open a buy trade and place your protective stop loss 3 pips below support.
- Close and reverse the buy trade as soon as the brown colored candle appears on the chart.
- Don’t like to wait for a bearish reversal signal? Exit the buy trade with a fixed profit target.
Sell Signal
- The first brown colored candle is your sell trade entry signal.
- Open a sell trade and place your protective stop loss 3 pips above resistance.
- Close and reverse the sell trade as soon as the violet colored candle appears on the chart.
- Don’t like to wait for a bullish reversal signal? Exit the sell trade with a fixed profit target.
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NonLag ma trend.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the NonLag ma trend.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration