Zerolag Moving Average Download for MetaTrader 4 - Free - [TFlab]

The Zero Lag Moving Average indicator uses a period of 27 and, unlike other moving average indicators , provides signals with no delay.

This MT4 trading aid indicator displays bullish or bearish signals as the market price moves. A candle breaking above this line and crossing it is considered a Buy signal, and a candle below it is considered a Sell signal.

Note: One of the features of this indicator is the ability to send various alerts via: alarm and email , as well as the name trading symbol .

Zerolag Moving Average Indicator Table

The following table briefly summarizes the details of this indicator:

Indicators at a glance

This indicator includes moving average tracking price movements. It analyzes price changes and fluctuations and displays them clearly on charts. A change in color of the line to blue indicates a bullish trend signal , while changing to red signifies a bearish trend signal . If this line is broken by strong candlesticks , the likelihood of a trend reversal increases .

bullish trend conditions

In the currency pair USD/CHF on the 15-minute time frame on the price chart, the color change of the moving averages from orange to blue indicates a trend reversal. This change resulted in an increase in the price of the currency pair.

In this case, the blue area moving average line is considered the Buy entry signal.

Bearish trend conditions

Based on the chart image below, the USD/JPY currency pair is analyzed on a 5 minute time frame. A change in color of the moving averages from blue to orange indicates a price trend reversal, followed by a bearish trend.

In this case, the red area moving average line is considered as Sell entry signal.

Zerolag Moving Average Indicator Settings

In the image below you can see the comprehensive settings of this indicator:

• Chart Theme : Indicator theme;
• MA Period : moving average period;
• Applied Price : basic calculated price (weighted);
• Divisor Factor : response coefficient (1.5);
• Display Type : Displayed as a line with dots;
• Line Width : line thickness (5);
• Alerts On : Enable alerts (true);
• Open Candle Alert : Alert when a candle starts;
• Alerts Message On : Enable message reminders;
• Alerts Sound On : enable sound alerts;
• Alerts Email On : Enable email reminders;
• Up Arrow Size : Up arrow thickness;
• Down Arrow Size : down arrow thickness;
• Up Arrow Code : Upper arrow type;
• Down Arrow Code : Lower arrow type;
• Up Arrow Gap : Up arrow gap;
• Down Arrow Gap : Down arrow gap;
• Up Arrow Color : Up arrow color;
• Down Arrow Color : Down arrow color.

Conclusion

This MetaTrader 4 signals and forecast indicator , with its simple and practical design , clearly displays trend reversal alerts . Traders can use these alerts as Buy and Sell signals. Accordingly, after the Moving Average line is breaking upward or downward , and its color changes , an entry or exit signal is generated.