ZeroLag - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Zero lag is a modified EMA.

Calculation formula:

 EMA ZL = α * (EMA + Gain * (Closing Price - ZL [1])) + (1 - α) * ZL [1]
The formula is similar to EMA, but adds a new value Gain * (Close - ZL [1])
Obtain is a value selected from the interval [-GainLimit, GainLimit] to minimize the error of the current data sample (Close - ZL) → min
The indicator has three input parameters:
 Attachment download
 📎 zerolag.mq5 (9.33 KB)
 Source: MQL5 #19896
ZeroLag - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
 ZeroLag - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
 Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.