NonLagAMA Indicator For MT4



Table Of Contents:

  1. NonLagAMA Indicator For MT4
  2. Some Major Advantages and Disadvantages of using the NonLagAMA Indicator For MT4

The NonLagAMA Indicator For MT4 is an indicator that is built for the traders that use the Meta Trader 4 charting platform in their day to day charting, technical analysis and trade decision making. The NonLagAMA Indicator For MT4 is based on the Moving Average indicator and is a Moving Average indicator itself, however, with advanced features.

The indicator is comprised of only one signal line and one of the advanced features is the ability of this signal line to immediately change its color based on the direction of the trend on any particular timeframes where the indicator is attached to.

The trader can quickly derive a lot of trading insights from using the NonLagAMA Indicator For MT4 and some of these insights and advantages are outlined and discussed below.

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Some Major Advantages and Disadvantages of using the NonLagAMA Indicator For MT4

One of the first major advantage that a trader can enjoy by using the NonLagAMA Indicator For MT4 is that it allows the trader to quickly identify the trend direction on any timeframes of any currency pair or trading asset that the trader attaches the indicator to during the trading day.

This means that the trader can easily, at a single glance, be able to spot the exact direction of the price on any single chart that the trader attaches the indicator to. This is very important because it allows the trader to gain a lot of insights immediately and do a lot of other things very automatically.

One of these insights helps the trader to gain knowledge where the price is going to. this means that the trader will be able to immediately decipher the current direction as well as the destination of the price just as the price is moving on any timeframe or currency pairs that the indicator is attached to during the trading day. Another important insight that a trader can derive is that the trader can then understand how fast the price action is moving.

This means that the trader using the NonLagAMA Indicator For MT4 will be able to visually measure the momentum of the price action based on the direction that the NonLagAMA Indicator For MT4 is pointed to and the angle to which the indicator is pointing to that direction.

This is very important because a lot of times in the markets, the trader can miss out on very quick moves in the markets if he or she does not have a clue as to the current momentum of that price move. Hence, the trader needs to be very aware of the momentum of the price movement which can also refer to the present rate that the price is accelerating or decelerating on the timeframe that the trader attached the indicator to.

This way, once a trader spots a trade, he or she can then very quickly know exactly the direction that the move is headed as well as the speed to which the price is headed in that direction on that given timeframe in the trading charts.

This speed or pace at which the price action is moving to a certain direction can sometimes be calculated based on the specific tilt of the indicator as the price moves up or down on that timeframes.

This means that the trader must basically watch the price action and how it interacts with the indicator during the trading day as the price is being formed as this will then give the trader a vivid picture of exactly what the speed that the price action is moving at in the current timeframe is at the present moment.

This is a very important attribute and should not be taken for granted in the markets. Another scenario to depict how important understanding the speed of the current price action on the given timeframe is when the trader is in a small loss but wishes to wait for the price action to reverse before him or she can then take off the trades in a little profit or break even.

The trader would not want to be in a market that is moving at a very fast pace against him or her and would be able to immediately identify what the price action is doing visually and that the price action is going against him or her very quickly if it is just by looking at the indicator's angle of tilt on the particular timeframe or trading currency where the indicator is attached to.

This will then, help him or her to quickly take off the trades as he or she would automatically know that they do not want to be in the price move against them because of the adversarial effect against their trading balance if it does.

Another advantage or trading insight that can be derived from using the NonLagAMA Indicator For MT4 is that it can act as a moving stop-loss target to keep the trader's profits safe during the times of long trends when the trader is currently in profits.

This means that the trader using the NonLagAMA Indicator For MT4 can very quickly use the indicator to set his stop-loss when he or she enters a trade as the price would not be expected to cross the indicator again except it is moving in another direction.

For instance, a trader who wants to buy a particular pair can very easily place his or her stop-loss target below the signal line of the NonLagAMA Indicator For MT4 with the intention that when the trade starts to move back below the signal line, he or she would immediately leave the trade.

This way, the indicator can act as a stop-loss target for the trader so that as he or she remains in the trending market, he or she can watch for when the price has crossed over the signal line of the NonLagAMA Indicator For MT4 to the other end as this would then mean the end of the trade. The trader can then apply this to any currency pair or trading timeframe of his choice.

 

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