Ultra Trend - Zero Lag TEMA - MetaTrader 5 Script - MT4/MT5 Resources
Super Current is an indicator that uses different periodic averages (usually JMA), examines their slopes, and calculates the trend based on these slopes.
This version uses a "fast" (quick response to market changes) zero-lag TEMA for trend calculations.
But it's a standalone indicator (it doesn't need any other indicators to work properly).
Attachment download
📎 ultra_trend_-_zero_lag_tema.mq5 (12.19 KB)
Source: MQL5 #21800
Ultra Trend - Zero Lag TEMA - MetaTrader 5 script usage and screening recommendations
Ultra Trend - Zero Lag TEMA - MetaTrader 5 Script is a resource related to Forex indicators. 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.
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