LazyBear

Indicator: Zero Lag EMA & a simple trading strategy

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Zerolag (almost) EMA gives a good indicator of "close" trend. Many are familiar with the fast/slow ema crossing strategy. Try using this zerolag_ema as the fast runner. You will see improved and more reliable crossovers..

In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is bearish .

More info at http://www.mesasoftware.com/Papers/ZERO%20LAG.pdf
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//
// @author LazyBear
//
study(title = "Almost Zero Lag EMA [LazyBear]", shorttitle="ZeroLagEMA_LB", overlay=true)
length=input(10)
src=close
ema1=ema(src, length)
ema2=ema(ema1, length)
d=ema1-ema2
zlema=ema1+d
plot(zlema)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

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