Here is another favorite of mine. I call it the 'Zelma Velma'. It's actually a zero lag exponential moving average crossing a variable moving average, but that just doesn't roll off the tounge like Zelma Velma!
This indicator signals when the ZLEMA line crosses the VMA line. The signal comes in the form of background flooding.
The ZLEMA line shows rising and falling colors (selectable). The background flooding can be turned on or off. The color of the background flooding is selectable. Not everyone likes my green and red background flooding.
Enjoy!
G
Category NinjaTrader 7 Indicators
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