Zerolag Tema Bar - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

There are some additions to this indicator that are not present in the MetaTrader 4 version of the indicator. The price is now equivalent to all prices of Heiken Ashi normal prices (so if there is close Heiken ashi is also close and so on) with one addition kept so that it has the same value as the original indicator: Heiken ashi average, i.e. the calculation formula is (HA open price + HA close price + HA high price + HA low price) / 4. The display can be adjusted to bar or candle charts, and you can choose whether the lines are visible or not.

It is also a multi-timeframe with alert indicator, so, more or less, it covers all the basic needs of an indicator.

Attachment download

📎 zerolag_tema_bars.mq5 (15.58 KB)

Source: MQL5 #16738