Zero Lag Stochastic Indicator (MT4)

As the name suggests, the Zero Lag Stochastic indicator for Metatrader 4 works similar to the classic Stochastic indicator but without lag.

The indicator is mainly used to identify overbought and oversold market conditions.

The Zero Lag Stochastic oscillator is scaled between -25 (extremely oversold) and 125 (extremely overbought).

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download:

Download the “zero lag Stoch.mq4” indicator for MT4

Indicator Example Chart (EUR/USD H1)

The picture below shows the Zero Lag Stochastic Forex indicator in action on the trading chart.

Basic Trading Signals

BUY:

Open a buy trade when the Zero Lag Stochastic oscillator turns back above 20 from below while the market is in a clear uptrend.
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 the Zero Lag Stochastic oscillator turns back below 80 from above while the market is in a clear downtrend.
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 “zero lag Stoch.mq4” MT4 indicator

Adjustable Parameters & Settings

K period, slowing, D period, 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: stochastic

How to install the Zero Lag Stochastic indicator in Metatrader 4?

Copy and paste the zero lag Stoch.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?