MT4 Absolutely No Lag LWMA 1.0

Features of the Absolutely No Lag LWMA Indicator​

The Absolutely No Lag LWMA Indicator gives traders a dependable and accurate signal to identify strong trends and possible trading opportunities. The indicator combines the Linear Weighted Moving Average (LWMA) and Exponential Moving Average (EMA) to develop a great trend-following indicator.

The Indicator is easy to understand and use. It uses the LWMA to identify the trend and the EMA to validate it. After that, the indicator will draw a line on the chart to show the trend’s direction.

When the trend rises, this line will be colored green; when it falls, it will be red. Additionally, it has an optional signal line that indicates possible entry areas. The Absolutely No Lag LWMA Indicator is an excellent tool for traders of all skill levels.

How the Indicator Can Benefit You​

Traders use the price’s reaction around the LWMA line to tell the market’s direction. During an uptrend, you will observe that candles closing above the indicator’s level continuously increase the LWMA value. Candles that close below the LWMA line, on the other hand, indicate a bearish trend. Additionally, it shows the market trend’s dynamic support and resistance positions, which help traders determine stop-loss positions.