Zeiierman

Cycle ZLEMA (Expo)

Cycle ZLEMA (Expo)

DESCRIPTION

This indicator Cycle ZLEMA ( Zero Lag Exponential Moving Average ) take advantage of Cycles and Zero Lag in order to respond faster to price moves. The indicator also plots a Zero Lag Cloud that identifies strong trends and support/resistance areas.

ZLEMA
Like all moving averages, the Cycle ZLEMA (Expo) can be used to visualize the trend. Price crossing indicates a directional change. Price can also bounce off the Moving Average, which can act as dynamic support and resistance . It is often used in combination with other signals and analysis techniques.

CYCLE
The Cycles are visualized by the blue and orange circles. Use these cycles as decision points. You have the ability to choose the length of the Zero-Lag cycle as well as how sensitive it should be.


CLOUD
- If the price is trading in the cloud we have a strong trend in the market.
- The cloud can also act as dynamic support and resistance areas.


HOW TO USE

1. Use the indicator to identify trends as well as strong trends.
2. Use the indicator to identify dynamic support and resistance areas.
3. Use the indicator to identify decision points.

INDICATOR IN ACTION

EURUSD

BTCUSD

WALL STREET

WALL STREET

Apple




I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!

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Comments

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