Zero lag macd indicator for MetaTrader4 (MT4) – free download
April 28, 2020 by Simon in indicators
In this section you can download zero lag macd indicator for MetaTrader4 (mt4):
Zero lag macd indicator -> up to speed:
- The ZeroLag MACD is a technical forex trend trading tool for MetaTrader platforms which generates potential trend alerts to determine both intraday and long-term trading opportunities.
- Newbie trend-following traders may find this tool extremely useful in assessing the bullish and bearish powers behind the market trend.
- This indicator applies a similar kind of formula used to calculate the volume MACD, subtracting the slow EMA (24 periods) from the fast EMA (12 periods) for determining the MACD value.
- The momentum of the market trend is determined depending on positivity/negativity of MACD value – e.g.,MACD histogram bars moving above zero line means market trending upwards in a bullish condition while falling below zero line indicates bearishness.
- Both histogram bars and signal EMA must cross zero-line together for better confirmation of trends before considering buy/sell entry points valid.