Reduced Lag Moving Average Forex Indicator
As the name of the indicator suggests, this advanced moving average indicator reduces lag, it reacts faster to price movements in the forex market.
The image below displays the reduced lag MA vs. traditional MA using the same input settings.
Use this MA indicator just like the traditional moving averages indicator to trade with the current trend.
The indicator can be applied to open, close, high, low,typical and weighted prices.
Uptrend: price above the red MA line
Downtrend: price below the red MA line.
Currency pairs: any
Time frames: any
Trading sessions: any
Configurable Indicator Options
Colors, MA period, MA method (SMA, EMA, SMMA, LMWA),…
Example: AUD/USD 1-Hour Chart