The DEMA Ultra Trend Zero Lag indicator for Metatrader 5 provides valuable buy and sell trading signals without any lag involved.
It responds faster to trend changes without generating more false signals due to the ultra trend smoothing parameter.
DEMA stands for Double Exponential Moving Average.
The indicator shows the buy and sell signals as colored clouds in a sub-chart window underneath the price chart.
Trade logic:
- A green colored DEMA cloud is bullish.
- An orange colored DEMA cloud is bearish.
The following indicator inputs and parameters can be modified: start period, step, instances, and ultra trend smoothing period.
The indicator should work equally well across all time frames and currency pairs (majors, crosses, exotics).
Please make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
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Ultra trend – zero lag dema.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Zero Lag DEMA Ultra Trend indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Zero Lag DEMA Ultra Trend Indicator?
Find a simple trading example below:
Buy Signal
- The appearance of the green colored DEMA cloud is a buy entry signal.
- Open a buy trade and set a protective stop below the most recent swing low.
- Close and reverse the trade when the orange colored cloud pops-up in the chart.
- Feel free to utilize your own take profit strategy (for instance, fixed profit target).
Sell Signal
- The appearance of the orange colored DEMA cloud is a sell entry signal.
- Open a sell trade and set a protective stop above the most recent swing high.
- Close and reverse the trade when the green colored cloud pops-up in the chart.
- Feel free to utilize your own take profit strategy (for instance, fixed profit target).
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Ultra trend – zero lag dema.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 Ultra trend – zero lag dema.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