albert.callisto

Zero Lag MACD Enhanced - Version 1.1

ENHANCED ZERO LAG MACD
Version 1.1

New features:
  • Added original signal line formula
  • Added optional EMA on MACD
  • Added filling between the MACD and signal line

I looked at other versions of the zero lag and noticed that the histogram was slightly different. After looking at other zero lags on TV, I noticed that the algorithm implementation of Glanz generated a modified signal line. I decided to add the old version to be compliant with the original algorithm that you will find in other platforms like MT4, FXCM             , etc.

So now you can choose if you want the original algorithm or Glanz version. It's up to you then to choose which one you prefer. I also added an extra EMA applied on the MACD . This is used in a system I am currently studying and can be of some interest to filter out false signals.
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Is anyone using the zero lag indicator in his system? Do you have some advices for other readers? Comments are welcome !
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Rocketman albert.callisto
@albert.callisto, I'll take a shot at it.
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