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

The Zero Lag Moving Average is an efficient tool for quickly identifying price trends and determining optimal entry (Entry) and exit (Exit) points for trades.This indicator provides trading signals by changing the color of the moving average.

When the line color changes to green, it issues a Buy signal, and when it changes to red, it displays a Sell signal.

Zerolag Moving Average Indicator Table

The details of this indicator are summarized in the table below:

Bullish Trend Conditions

When the price moves above the green line of the indicator (GREEN Line), it signals a potential Bullish Trend.

Afterward, upon forming a bullish candlestick pattern such as a Bullish Engulfing, traders can enter a Buy Position.

Bearish Trend Conditions

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

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

Zerolag Moving Average Indicator Settings

All the details of this indicator’s settings are displayed in the image below.

• 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

Regular moving averages have extensive applications in financial trading and are commonly used for trade entry/exit and trend filtering.

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