Reflex – indicator for MetaTrader 4

The background :

In “Reflex: A New Zero-Lag Indicator” in this issue, author John Ehlers introduces a new averaging indicator that he has designed with
reducing lag in mind. According to the author, this new indicator can be used to generate signals in a more timely manner than other
lagging calculations.

It is a sort of a momentum like indicator and should be used like that. Default set is rather long – as usual some experimenting with the
parameters should be done prior to using it in trading decisions

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