Author
ScriptorPublished date
Dec 18, 2018
Zero-Lag Exponential Moving Average indicator is an exponential moving average with the minimum delay.
It has two configurable parameters:
Calculation:
ZeroLagEMA = Alpha * (2.0*AppliedPrice-LagAppliedPrice) + (1.0-Alpha) * PrevZeroLagEMA
where:
Alpha = 2.0 / (Period+1)
Lag = Ceil((Period-1)/2.0)
LagAppliedPrice - AppliedPrice on Lag bar
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