The technical indicator MT4 ZLSA is a Zero Lag Stochastic oscillator
ZeroLag indicators have been presented in the journal "Technical Analysis of Stocks and Commodities".
The ZeroLag indicator algorithm aims to eliminate the lag of the indicators
The smoothed ZLSA indicator is more reactive and provides trading signals earlier than a conventional stochastic oscillator. False trading signals are eliminated.
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Interpretation Rules - Trading Signals
* Purchase signal: trend bull market
. If one of the ZLSA lines crosses down the oversold level,
Then trades back up that level . The% K line crosses the signal line% D upward and the reading of the indicator is lower than the overbought level
. Divergence bull: the price is down (new higher higher) and the stochastic oscillator ZLSA rising (new lowest higher). A correction to the rise in price is expected.
* Selling signal: trend bear market
. If one of the ZLSA lines crosses up the level of overbought, then trades down that level
. The% K line crosses the signal line% D downward and the reading of the indicator is greater than the oversold level
. Divergence Bearish: the price is up (new lowest higher) ZLSA stochastic oscillator down (new higher higher). A downward correction in price is expected.
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