ZeroLag Tema MACD indicator: the best modification of the classical oscillator
ZeroLag Tema MACD indicator is a modification of of the popular ZeroLag MACD oscillatorThe MACD indicator is based on the standard MACD indicator of the MetaTrader 4 platform.
ZeroLag Tema MACD Oscillator, like its predecessor, is an indicator with zero latency, that is, it gives signals a few candles earlier, without a lag.
On the chart the ZeroLag Tema MACD indicator is located in the basement and is not the usual histogram, but a curve that changes color.
The color change of the ZeroLag Tema MACD indicator curve depends on the ColorOnSignalCross parameter:
- True - the color changes when crossing the signal line.
- False - when the direction of the indicator curve changes.
Unlike the basic oscillator, the ZeroLag Tema MACD indicator uses THEME indicator - combination of the regular, double and triple EMA, which had a positive effect on the indicator's reaction speed and signal accuracy.
According to ForTrader.org experts, ZeroLag Tema MACD indicator can be called one of the best modifications of the MACD indicator. Its use in trading strategies will greatly increase their effectiveness compared to the classical oscillators.
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