LazyBear

Indicator: Zero Lag EMA & a simple trading strategy

ema
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%...

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
//
// @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)