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Zero Lag Stochastic Indicator (MT4)

As the name suggests, the Zero Lag Stochastic indicator for Metatrader 4 works similar to the classic Stochastic indicator but without lag.

The indicator is mainly used to identify overbought and oversold market conditions.

The Zero Lag Stochastic oscillator is scaled between -25 (extremely oversold) and 125 (extremely overbought).

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download:

Download the “zero lag Stoch.mq4” indicator for MT4

Indicator Example Chart (EUR/USD H1)

The picture below shows the Zero Lag Stochastic Forex indicator in action on the trading chart.

Basic Trading Signals

BUY:

  • Open a buy trade when the Zero Lag Stochastic oscillator turns back above 20 from below while the market is in a clear uptrend.
  • Set stop loss below technical support.
  • Exit the buy trade for a predetermined profit target or wait for a sell signal.

SELL:

  • Open a sell trade when the Zero Lag Stochastic oscillator turns back below 80 from above while the market is in a clear downtrend.
  • Set stop loss above technical resistance.
  • Exit the sell trade for a predetermined profit target or wait for a buy signal.

Download This Forex Indicator

Download the “zero lag Stoch.mq4” MT4 indicator

Adjustable Parameters & Settings

K period, slowing, D period, colors, style

Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

More Info About This Indicator

Currency Pairs: works on any currency pair

Trading Platform: developed for Metatrader 4 (MT4)

Time Frames: any

Indicator Type: stochastic

How to install the Zero Lag Stochastic indicator in Metatrader 4?

  • Copy and paste the zero lag Stoch.mq4 indicator into the MQL4 indicators folder.
  • You can access this folder from the top menu as follows:
  • File > Open Data Folder > MQL4 > Indicators (paste here)

How to remove the indicator from the chart?

  • Right click in the chart
  • Select indicators list
  • Click on the indicator’s name
  • Click on the delete button