MT4 - ZeroLag MACD

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jack

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Been digging into some of Shopster's setups over the past two-three months and that brought this indicator to my attention:

ZeroLag MACD

I'm not normally a fan of lagging indicators, and despite the name of this indicator, it's still based on past price, and thus lagging (just less than regular MACD.) ...But, that doesn't mean you need to use it 'traditionally' the way MACD is used.

Specifically, I'm finding the way this indicator makes divergences stand out (almost exaggerated even) to be very interesting. They stick out like a sore thumb, unlike traditional MACD where most divergence traders are trying to measure a very gentle slope, divergences with ZeroLag seem to be drastic.

Does that mean you just need to trade every divergence you see? No. But combined with a few other filters and a proper trading plan based off your own research into a target pair and how it acts with this indicator might yield something worth committing capital to.

How it looks and the indicator is attached.
 

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  • ZeroLag MACD.mq4
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Jack said:
Been digging into some of Shopster's setups over the past two-three months and that brought this indicator to my attention:

Included in my bag of tricks I have ZeroLag MACD.
I find it really tightens up when fed via pip range bars.

Hopefully Shop will chime in and provide further discussion...
 
Alpha-Bet said:
Included in my bag of tricks I have ZeroLag MACD.
I find it really tightens up when fed via pip range bars.

Hopefully Shop will chime in and provide further discussion...

Shopster away from trading desk for next 3 weeks so has asked me to throw up some charts...

AUD/USD short. Head and Shoulders fully diverged. Fib the shoulder for retracement.
Ends at the 6.9 fib with a 3 to the bottom reversal to the long side.
Long just hit 6.9 @.9380 for exit at time of typing.
 

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Thanks for tossing up an example. :)

This is exactly what I mean by the divergence appearing obvious and exaggerated.. you simply couldn't miss it.
 
Yeah,this guy is simply great.Started to utilize it in my short term ict setups.I made some backtesting ,if i would utilize it before,it would chop of a significant part of my losers.Very useful :)
I'm not a fan of indi's(not been using any) but this one will be a sound addition to my arsenal.
 
Here's another example. There is another DT on Friday but one trend and one CT entry are shown. You can't miss the third one can you... they are so clear.

9DM6XkQ.png


I developed my own version of the ZeroLag MACD to include some helpful features. You can change all the colours for clarity to suit your own needs. It also has an alert feature.

Attached are some further illustrations and the indicator.
 

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  • GBPUSDM2-ZeroLag.png
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AusDoc said:
Here's another example. There is another DT on Friday but one trend and one CT entry are shown. You can't miss the third one can you... they are so clear.

9DM6XkQ.png


I developed my own version of the ZeroLag MACD to include some helpful features. You can change all the colours for clarity to suit your own needs. It also has an alert feature.

Attached are some further illustrations and the indicator.

Hey doc... ur zlag seems sick... Its changing colors... Treat it :D BTW this is a dt with a half twist.. u measure the twist..
 
While I do use ZeroLag MACD, I no longer use it on MT4 as I use other platforms.

Why do you ask?
 
While I do use ZeroLag MACD, I no longer use it on MT4 as I use other platforms.

Why do you ask?
For awhile now I've been trying to make it work, but I get a lot of false signals. Almost giving up on it, are you filtering this thru something else?
 
It has been over a month since the last comm from Dynon. the WingX to D2 connection used to work. Getting it fixed must be something simple.

When will someone actually work on fixing this?
 
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