The Non Lag MA, stands for Non Lag Moving Average, is an indicator that shows the lag-free returns of the moving average. The Non Lag MA indicator has lines that clearly show Up and Down trends. In many pairs, the directions can be easily seen. In this article, I will try to explain to you how the Non Lag MA indicator works and how to use it on the parity with examples on Metatrader 4.
What is Non Lag MA?
The Non Lag MA is an indicator that shows the lag-free returns of the widely used moving average.
How to Install Non Lag MA?
First of all, download the indicator to your computer by clicking here and extract it from the archive. Open Metatrader 4.
Select File, Open Data Folder from the top left, respectively. Open the MQL4, Indicators folder, respectively, from the folder that comes up, and copy the NonLagMA.mq4 file you extracted from the archive here. After copying, close Metatrader 4 and reopen it or you can just refresh indicator panel.
How to Use?
Open the chart of one parity in Metatrader. We will load the indicator we added from the Navigator window. If there is no Navigator window, you can open the navigator window by selecting View, Navigator from the top menu, respectively. An example image of the Navigator window is as follows;
You can find the NonLagMA indicator you copied under Indicators. The screenshot is as follows;
To add the Non Lag MA indicator like other indicators, you can either drag it to the chart or double click it. While adding the Non Lag MA indicator, it will ask you to enter a few parameters. Let's take a look at these parameters together.
In the Colors tab, it asks you for three color parameters. Color parameters come set by default.
First Color "Brown"
When the Show up/down trend with different colors option (discussed in the Inputs Tab title) is disabled, the display of the indicator in up and down movement only appears as a single color Brown.
Second Color "Blue"
Shows the up trend in blue when the Show up/down trend with different colors option is enabled.
Third Color "Red"
Shows the down trend in Red when the Show up/down trend with different colors option is enabled.
Width and Style options let you specify the width and type of lines to display.
Specifies the price at which the moving average will be calculated. The default is zero. Numbers that can be entered in the price parameter:
|5||Typical Price (learn more)|
|6||Weighted Price (learn more)|
Indicates the period of the moving average.
Indicates the shift value of the moving average.
Sensitivity value of rotation movements (Recommended value is zero)
Show Up/Down trend with different colors option. (1: on, 0: off)
It means the late reflection of the new color on the indicator during trend turns when the option to show with different colors is enabled.
It expresses the upward or downward deviation while calculating the value of the indicator.
Interpreting on a Chart
Non Lag MA is added to the chart with default parameters. The daily period of the EUR/USD parity is used in the price chart below.
As can be seen, the NonLagMA indicator color is red where the trend is down, and the NonLagMA color is blue where the trend is up. Now let's add the 40-period Simple Moving Average to the chart and examine how the two indicators show reversals.
I added a 40-period Simple Moving Average to the chart to be shown in brown. In the returns, NonLagMA responded faster than the Simple Moving Average even though it was in the same period, and it performed its returns earlier. In this way, NonLagMA shows trend reversals sooner than a normal moving average.
In this article, I tried to explain the use of the NonLagMA indicator in Metatrader 4 as much as I could. I hope it was useful. If you have any questions, criticisms or suggestions, you can comment under this post or send me a message here.
See you soon
Leave a Comment
You can share your questions, comments or criticisms about this post with me. Your e-mail address will not be shared with anyone.