John Ehlers ZERO LAG alagrande's version for THINKORSWIM - futures io
futures io futures trading

John Ehlers ZERO LAG alagrande's version for THINKORSWIM

Discussion in ThinkOrSwim

Updated by alagrande
    1. trending_up 1,461 views
    2. thumb_up 3 thanks given
    3. group 2 followers
    1. forum 0 replies
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Search this Thread

John Ehlers ZERO LAG alagrande's version for THINKORSWIM

(login for full post details)
  #1 (permalink)
glendale ca usa
Posts: 97 since Sep 2017
Thanks: 11 given, 75 received

#This is my version, anyone is welcome to play with it and modify it for better results.

input length = 20;
input GainLimit = 50;

input length2 = 4;
input GainLimit2 = 20;

def alpha = 2/ (length + 1);
def alpha2 = 2/ (length2 + 4);

def EMA = alpha*close + (1 - alpha)*EMA[1];
def EMA2 = alpha2*close + (1 - alpha2)*EMA2[1];

def Value1 = -GainLimit + GainLimit;
def Gain = Value1/10;

def Value2 = -GainLimit2 + GainLimit2;
def Gain2 = Value2/10;

def EC = alpha*(EMA + Gain*(close-EC[1]))+ (1 - alpha)*EC[1];
def Error = Close - EC;

def EC2_ = alpha2*(EMA2 + Gain2*(close-EC[1]))+ (1 - alpha2)*EC[1];
def Error2 = Close - EC2_;

def BestGain = Gain;
def BestGain2 = Gain2;

DEF LeastError = 1000000;

plot EC1 = alpha*(EMA + BestGain*(Close - EC[1])) + (1 - alpha)*EC[1];

plot EC2 = alpha2*(EMA + BestGain2*(Close - EC[1])) + (1 - alpha2)*EC[1];

plot EMA44 = alpha2*close + (1 - alpha2)*EMA[1];



ASSIGnPriceColor(IF EC1<EC2 [1] then color.cyan else if EC1>EC2[1] then color.yellow else color.current);


Reply With Quote
The following 3 users say Thank You to alagrande for this post:

futures io Trading Community Platforms and Indicators ThinkOrSwim > John Ehlers ZERO LAG alagrande's version for THINKORSWIM

June 23, 2018

Upcoming Webinars and Events

An Afternoon With futures io member TropicalTrader

Elite only

Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts