The No Lag Moving Average MT4 forex indicator is a buy/sell simple moving average indicator without lag.
Its signals are very easy to trade and visible on the activity chart:
- A blue colored line indicates the market is trending up. This is a buy signal
- A red colored line indicates the market is trending down. This is a sell signal
- A yellow line indicates the market is flat. Stick with your current open position
The No Lag Moving Average Metatrader 4 forex indicator is useful for scalping, day trading and short-term swing trading purposes.
The indicator can be used as a standalone signals indicator or in agreement with other analysis tools.
The indicator settings can be modified from the indicator’s inputs tab.
The GBP/USD Hourly chart below displays the No Lag Moving Average Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the No Lag Moving Average MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: A valid buy signal occurs when the no lag MA indicator starts drawing a blue signal line on the chart.
Sell Signal: A valid sell signal occurs when the no lag MA indicator starts drawing a red signal line on the chart.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Price, Length, Deviation) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the nonlagma-indicator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)