Hey traders! Today, we’re diving into the NonLag MACD, a fantastic oscillating indicator that’s sure to enhance your trading strategies. This isn’t your typical MACD; it’s built using a unique moving average known as the NonLag average.
What makes this indicator stand out? It comes packed with nine adjustable parameters that allow you to tailor it to your trading style:
- Fast NonLag period - This sets the calculation period for the fast NonLag average.
- Slow NonLag period - Here, you define the calculation period for the slow NonLag average.
- Signal period - This is where you set the period for the signal line.
- Fast NonLag method - Choose the method for calculating the fast NonLag average.
- Slow NonLag method - Set the method for the slow NonLag average calculation.
- Signal method - This pertains to how the signal line is calculated.
- Applied price - Select which price is used for the calculations.
- Filter - This is a noise filter for the NonLag average.
- Deviation (price) - This allows you to shift the NonLag average up or down from the price.
One of the best features? You don’t need the NonLag average installed in your terminal, as the indicator calculates it independently.
Fig. 1. NonLag MACD
Fig. 2. NonLag MACD, Filter = 100
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