Zero Lag MACD DEMO
Free!
For those who are fans of the traditional MACD (Moving Average Convergence/Divergence) indicator, here it is a way faster indicator that could be very useful for intraday trading.
For those who are fans of the traditional MACD (Moving Average Convergence/Divergence) indicator, here it is a way faster indicator that could be very useful for intraday trading. Of course, it could be used in higher timeframes, with the proper settings. Here at Minions Labs we always encourage traders to calibrate every single indicator you have to extract and distill every drop of good information it has for you. And this is the case with this speedy friend…
This Zero Lag MACD could be used in many ways, it all depends on what are you looking for when measuring the market. This indicator is EA Friendly, which means that it has special data buffers indicating when a crossover is happening – at the Zero-line or between the MACD line and its Signal Line. This is super cool when you are attaching the indicator into an EA that could read those simple values.
The Zero Lag MACD is based on the Zero-lag Exponential Moving Averages created by the famous John Ehlers and Ric Way. If you want to learn more about it, here is a link to their paper…
HOW TO “READ” THIS INDICATOR
- If you used the traditional MACD before you know how to read it. The only difference is that it is faster so the divergences readings are faster when calibrated properly.
- You can look for Zero-Line crossings as BUY and SELL signals.
- You can look for MACD and Signal lines crossings as BUY and SELL signals.
- You can use it as a Trade Filter system.
SETTINGS
- Fast Period for calculations
- Slow Period for calculations
- Signal Period
- Price Type to use in calculations
NOTE: This DEMO version will stop working after 15 minutes.
The FULL version is available here: Zero Lag MACD
Buffers to use on your EA:
- #0 – MACD Line data
- #1 – Signal Line data
- #2 – MACD Crossing Zero Line (1=UP / 2=DOWN / 0=No Cross)
- #3 – MACD Crossing Signal Line (1=UP / 2=DOWN / 0=No Cross)
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Additional information
| Computer Type | 64-bits |
|---|---|
| Platform | Metatrader 5 |
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