The Angle of Non-Lag MA technical oscillator for Metatrader 5 utilizes moving averages as its foundation and produces real-time buy/sell signals devoid of any delay.
It gets displayed in a dedicated chart window as green and yellow colored histogram bars.
The indicator works well in both trending and sideways-moving markets.
How to buy and sell currency pairs with this tool?
- A green colored histogram bar generates a buy signal.
- A yellow colored histogram bar generates a sell signal.
The following indicator inputs and parameters can be modified: MA period, calculation type, price to use, bars for angle, and level.
Please make yourself familiar with this technical indicator and test it first on a demo account before applying it to a live account.
Worth noting: scalpers and day traders can enhance their profit potential by utilizing the Angle of Non-Lag MA technical oscillator during the London and American trading hours.
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angle_of_averages.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Angle of Non-Lag MA Oscillator indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Angle of Non Lag MA Oscillator Indicator?
Find a simple trading strategy below:
Buy Signal
- A buy trade is confirmed when the green colored histogram bars appear on the chart.
- Initiate a buy market order and put a stop loss below the previous swing low price.
- Exit the long trade for a predetermined pips profit target.
Sell Signal
- A sell trade is confirmed when the yellow colored histogram bars appear on the chart.
- Initiate a sell market order and put a stop loss above the previous swing high price.
- Exit the short trade for a predetermined pips profit target.
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angle_of_averages.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the angle_of_averages.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration