As the name suggests, the Zero Lag Moving Average indicator for Metatrader 4 works similar to the classic moving average indicator but without lag.
The indicator is very popular and often used in various Forex strategies and systems.
In essence, the overall trend is considered bullish above the zero lag moving average while bearish below.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download:
Download the “ZeroLAG_MA.mq4” MT4 indicator
Indicator Example Chart (EUR/USD H1)
The picture below shows the Zero Lag Moving Average Forex indicator in action on the trading chart.
Basic Trading Signals
BUY:
- Open a buy trade when price closes above the zero lag moving average.
- Set stop loss below technical support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- Open a sell trade when price closes below the zero lag moving average.
- Set stop loss above technical resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download This Forex Indicator
Download the “ZeroLAG_MA.mq4” MT4 Indicator
Adjustable Parameters & Settings
MA period, MA shift, MA method, colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: moving average
How to install the Zero Lag Moving Average indicator in Metatrader 4?
- Copy and paste the ZeroLAG_MA.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button