Zero Lag Moving Average
Info
The Zero Lag Moving Average is a Indicator for MetaTrader 4 that the zero lag ma indicator is a moving average designed to have zero delay. The indicator was first described in the Journal of Technical Analysis of Stocks and Commodities in April, 2000.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Zero Lag Moving Average
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The Zero Lag MA indicator is a moving average designed to have zero delay.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Zero Lag Stochastic Oscillator (True) - another powerful indicator for MetaTrader 4 traders.
The Zero Lag MA indicator is a moving average designed to have zero delay.Also recommended: dynamic moving average - similar indicator with strong performance on MetaTrader 4.
The indicator was first described in the Journal of Technical Analysis of Stocks and Commodities in April, 2000.
Zero Lag MA Calculation:
zerolag ma(i) = 2*ma(price, p1, i) - ma(ma(price, p1, i), p2, i);
Where:
ma - represents a moving average calculation.
price - is the applied price used in the calculation.
p1 - is the period for the first smoothing of the moving average.
p2 - is the period for the second smoothing of the moving average.
You may also like: moving average of oscillator (osma) - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 red
extern int nzlmaperiod = 21;
extern int nzlmashift = 0;
extern int nzlmamethod = 1;
extern int nzlmaapplprice = 0;
extern int nzlmasmperiod = 21;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.