The Zero Lag MA Ultra Trend indicator for Metatrader 5 follows the trend and delivers zero lag cloud based trading signals.
The indicator gets displayed in a separate chart window as green and orange colored trend clouds.
Understanding the Zero Lag MA Ultra Trend indicator:
- The green colored cloud indicates a bullish market.
- The orange colored cloud indicates a bearish market.
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 trading instruments (Forex, Gold, Indices, Stocks, etc.).
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 ma.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Zero Lag MA Ultra Trend indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Zero Lag MA Ultra Trend Forex Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the green colored MA Ultra Trend cloud appears in the chart.
- Execute a buy order and place a protective stop loss below short-term support.
- Exit the buy trade for a fixed profit target, or hold the trade until a sell trend reversal cloud gets displayed in the chart.
Sell Signal
- A sell signal is given when the orange colored MA Ultra Trend cloud appears in the chart.
- Execute a sell order and place a protective stop loss above short-term resistance.
- Exit the sell trade for a fixed profit target, or hold the trade until a buy trend reversal cloud gets displayed in the chart.
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Ultra trend – zero lag ma.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 ma.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
