Zerolag Moving Average Download for MetaTrader 5 - Free - [TFlab]

The zero-lag moving average is an effective tool for quickly identifying price trends and determining optimal trade entry and exit points. This indicator provides trading signals by changing the color of the moving average.

This MetaTrader 5 signals and forecast indicators provides trading signals based on the color change of the Moving Average . When the line turns green , a Buy signal is generated, and when it changes to red , a Sell signal is displayed.

Note: A key feature of this indicator is its ability to send various alerts via both alarms and emails , including trading symbol name .

Zerolag Moving Average Indicator Table

The specific situation of this indicator is summarized in the following table:

Indicators at a glance

The Zero Lag Moving Average indicator is considered an advanced version of the regular moving average. It is designed with high accuracy and smoothing features , providing clearer signals .

It displays price movements with less noise than the traditional version, providing traders with a clearer picture of true market trends . These features reduce price lag to almost zero, allowing for faster and more precise responses to market changes .

bullish trend conditions

When price moves above the indicator's green line ( GREEN Line ), it indicates a potential Bullish Trend .

Later, after a bullish candlestick pattern has formed, such as Bullish Engulfing , the trader can enter a Buy Position .

Bearish trend conditions

In the price chart of the GBP/USD currency pair on the 5-minute time frame, when the line color changes from blue to red, the price enters a bearish trend and starts to fall.

Traders can observe the color change of the moving average and decide to exit the trade or take profits.

Zerolag Moving Average Indicator Settings

All details of the indicator settings are shown in the image below.

• 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

The Regular Moving Average indicator has been widely used in the financial trading world . This MetaTrader 5 Trading Assistant Indicator is used for Trade Entry/Exit and as a Trend Filter.

However, one of their weaknesses is the time lag in responding to price changes.