The Non Lag MA Metatrader 5 forex indicator is a purely non lag moving average.
Just like the traditional moving average, the Non Lag MA gauges the direction of the current trend.
The indicator is a dual colored line that represents bullish and bearish market sentiments via the deep sky blue and pale violet red colored sections of Non Lag MA indicator line.
- A deep sky blue signal line represents a bullish market.
- A pale violet signal line represents a bearish market.
The curving line of the Non Lag MA MT5 indicator can also have varying use by different traders.
Asides the use of its alternating line color, some users tend to see price that is aligned above or below the indicator line as being bullish or bearish in that order.
The EUR/GBP H1 chart below displays the Non Lag MA Metatrader 5 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the dual colored line of the Non Lag MA Metatrader 5 forex indicator turns deep sky blue. Place a stop-loss below the most recent support.
Sell signal: Go short when the dual colored line of the Non Lag MA Metatrader 5 forex indicator turns pale violet red. Place a stop-loss above the most recent resistance.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Non Lag MA indicator line turns pale violet red.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Non Lag MA indicator line turns deep sky blue.
Tips: Some of the most common “Length” used in Non Lag MA indicator are 15, 25, 35, 50, 100 and 200.
The shorter the “Length” used to generate the signal line, the more sensitive it will be to price fluctuations.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart pattern indicator
Customization options: Variable (Length=50), 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 nonlag_ma.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)