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Indicators

Ultra Trend - Zero Lag DEMA - indicator for MetaTrader 5

Mladen Rakic

Views:
214
Rating:
votes: 6
Published:
2018.08.06 15:23

Ultra Trend is an indicator that uses different period averages (usually it is JMA), checks their slopes and calculates the trend from those slopes.

This version is using a "fast" (fast in response to market changes) Zero Lag DEMA for trend calculations.

It is a standalone indicator though (it does not need any other indicator in order to work correctly).

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Ultra Trend indicator that uses a "fast" (fast in response to market changes) Zero Lag MA for trend calculations.

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