Skip to content

Zero Lag (ZLS) Metatrader 5 Forex Indicator

    ZLS is short for Zero Lag Stochastic, a Metatrader 5 indicator that induces zero-delay to the Stochastic, a ration of a number of stochastics with diverse periods %K, deceleration and weights.

    There are two distinct lines within the ZLS MT5 indicator window, the green and red lines.

    The green line denotes the %K line, while the %D is represented by the red line.

    When the green line crosses the red line to stay above it, price is said to be bullish, while if the red line crosses the green line to stay above it, a bearish trigger is said to be looming.

    Free Download

    Download the “ZLS.ex5” MT5 indicator

    Example Chart

    When it comes to input parameters, this indicator displays a large pool, thirty-one to be precise:

    Smoothing – defines the parameter that is common to all the stochastics and depics the indicator signal line smoothing period.

    First stochastic data:

    Stoch 1 %K period – %K line period of stochastic 1.

    Stoch 1 %D period – %D line period of stochastic 1.

    Stoch 1 Slowing – deceleration of stochastic 1.

    Stoch 1 Method – stochastic 1 calculation method.

    Stoch 1 Price field – stochastic 1 calculation prices.

    Stoch 1 Weight – weight of stochastic 1 values.

    Second stochastic data:

    Stoch 2 %K period – %K line period of stochastic 2.

    Stoch 2 %D period – %D line period of stochastic 2.

    Stoch 2 Slowing – deceleration of stochastic 2.

    Stoch 2 Method – stochastic 2 calculation method.

    Stoch 2 Price field – stochastic 2 calculation prices.

    Stoch 2 Weight – weight of stochastic 2 values.

    Stochastics 3, 4, and 5 have similar data:

    The formul K = (S1 + S2 + S3 + S4 + S5) / SumWeight

    D = K / Smoothing + PrevD * (Smoothing-1) / Smoothing


    Download the “ZLS.ex5” Metatrader 5 indicator

    MT5 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 5

    Type: chart window indicator

    Customization options: Variable (Smoothing, Stoch 1 %K period, Stoch 1 %D period, Stoch 1 Slowing, Stoch 1 Method, Stoch 1 Price field,…), Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: oscillator


    Copy and paste the ZLS.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)

    Share this post!