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EasyLanguage ZeroLagEMA indicator
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Created: by Big Mike Attachments:1

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EasyLanguage ZeroLagEMA indicator

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Site Administrator
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EasyLanguage ZeroLagEMA indicator

Here is a ZeroLagEMA (zero lag exponential moving average). I've included both the EasyLanguage source and the MultiCharts .pla. I've written it as a function and an indicator so you can easily use it in signals.

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Function:
 
Code
                            
// Big Mike Trading https://futures.io

// April 10 2010
// Function

inputs:
    
Price (NumericSeries),
    
length (NumericSimple);
    
vars:
    
ema0 (0),
    
ema1 (0);
    
ema0 XAverage(Pricelength);
ema1 XAverage(ema0length);

ZeroLagEMA ema0 + (ema0 ema1); 
Indicator:
 
Code
                            
// Big Mike Trading https://futures.io

// April 10 2010
// Indicator

inputs:
    
Price (close),
    
length (14);
    
vars:
    
zlema (0);
    
zlema ZeroLagEMA(Pricelength);

Plot1(zlema"ZeroLagEMA"); 
MultiCharts pla attached.

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Attached Files
Register to download File Type: pla BMT-ZeroLagEMA.pla (3.1 KB, 141 views)
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