LazyBear

Indicator: Zero Lag EMA & a simple trading strategy

18953 views
2319
18953 2
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%20LAG.pdf
Remove from Favorite Scripts Add to Favorite Scripts
//
// @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.
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
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out