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

The Zerolag Moving Average Indicator uses a period of 27 and, unlike other moving average indicators, does not delay in providing signals.

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

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

Zerolag Moving Average Indicator Table

This table provides a concise summary of the details of this indicator:

Bullish Trend Conditions

On the price chart of the USD/CHF currency pair in the 15-minute time frame, a change in the moving average line's color from orange to blue signals a trend reversal. This change leads to a price increase in this currency pair.

In this situation, the blue zone of the moving average line is considered a Buy entry signal.

Bearish Trend Conditions

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

In such cases, the red zone of the moving average line is considered a Sell entry signal.

Zerolag Moving Average Indicator Settings

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

• Chart Theme: Indicator theme;
• MA Period: Moving average period;
• Applied Price: Base calculation price (Weighted);
• Divisor Factor: Reaction coefficient (1.5);
• Display Type: Display as lines with dots;
• Line Width: Line thickness (5);
• Alerts On: Enable alerts (true);
• Alerts On Open Candle: Alert at candle start;
• Alerts Message On: Enable message alerts;
• Alerts Sound On: Enable sound alerts;
• Alerts Email On: Enable email alerts;
• Up Arrow Size: Upper arrow thickness;
• Down Arrow Size: Lower arrow thickness;
• Up Arrow Code: Upper arrow type;
• Down Arrow Code: Lower arrow type;
• Up Arrow Gap: Upper arrow spacing;
• Down Arrow Gap: Lower arrow spacing;
• Up Arrow Color: Upper arrow color;
• Down Arrow Color: Lower arrow color.

 Conclusion

This MetaTrader 4 Signal & 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 broken upward or downward, and its color changes, an entry or exit signal is generated.