LazyBear

Indicator: Zero Lag EMA & a simple trading strategy

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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%...
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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)
Thank you LazyBear for all your indicators.
+1 Reply
Hi

Great indicator.
Could you make n option to add another two EMA settings to it so i can use your 10 and my 66 and 189.

So looking for you to create a script that is actually 3 EMA with this one built in PLEASE
+3 Reply
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