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Zero Lag indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=2511
Forum: 17 · Topic 2511 · 29 post(s)
Zero Lag indicator
vstrelnikov · Mon Oct 25, 2010 8:15 pm
Zero Lag indicator is described in November 2010 issue of Stocks & Commodities.
The formula of the indicator is: ZL = α * (EMA + Gain * (Close - ZL[1])) + (1 - α) * ZL[1]
The formula is similar to EMA, except that new term Gain * (Close - ZL[1]) is introduced. ‘Gain’ represents the value which is chosen from [-GainLimit, GainLimit] interval to minimize the error for current data sample, (Close - ZL) → min
Download the indicator:
This indicator provides Audio / Email Alerts on Price / MA cross (Real Time) or/and MA slope changes (end of turn) Dec 15, 2015: Compatibility issue Fix. _Alert helper is not longer needed.
Re: Zero Lag indicator
Blackcat2 · Thu Oct 28, 2010 1:35 am
Hi,
Could you please provide an option to change line type (dash, dot, or dash-dot, etc) and thickness
Thanks..
Re: Zero Lag indicator
Apprentice · Thu Oct 28, 2010 3:06 am
Style options Added.
Re: Zero Lag indicator
Jigit Jigit · Sat Oct 30, 2010 5:12 pm
Again - thanks a lot for this one. Could you also make it change colour depending on the trend? e.g. green on an up trend, red on a down trend It would be great if there was an option to choose the colours according to one’s liking.
Re: Zero Lag indicator
Apprentice · Sun Oct 31, 2010 6:42 am
Added to developmental cue.
Re: Zero Lag indicator
hhbraz · Thu Dec 23, 2010 8:58 am
Hi, Thanks for this excellent indicator. Is it possible to code a signal for this indicator, and also code a signal for the zero-lag MACD? hhb
Re: Zero Lag indicator
Apprentice · Thu Dec 23, 2010 10:30 am
Happy to. But before you start working on signals. Can you tell me what type of signal you want. (Describe the signal with a bit more detail.) Like, I need Zero Lag / Price to Cross Signal Signal when the Zero Lag trend changes… In each case.
Re: Zero Lag indicator
hhbraz · Thu Dec 30, 2010 6:29 pm
Hi, I would like to get a trend change signal (up or down) at earliest candle close and at varying chart times (I’m mostly interested in 1 hr, 4 hr and daily). I plan to use this signal along with current price level, candle stick formation and an ocillator to facilitate early entry into a trend. Thanks, hhb
Re: Zero Lag indicator
Apprentice · Fri Dec 31, 2010 9:39 am
Added to developmental cue.
Re: Zero Lag indicator
Alexander.Gettinger · Thu Jul 05, 2012 4:40 pm
MQL4 version of Zero Lag indicator: viewtopic.php?f=38&t=20871
Re: Zero Lag indicator
siulee88 · Sun Jul 08, 2012 8:28 pm
Hi,
Thanks for this excellent indicator, I love it very much
siulee
Re: Zero Lag indicator vs Fast SMA
Patrick Sweet · Wed May 29, 2013 2:31 am
Hi, I really appreciate ALL everyone is doing here, Apprentice and others!
An alternative to the zero lag EMA is a simple fast MA.
The yellow trend line here is SMA at 2periods, 1hr chart like the zero lag above which is at 20 periods, 1hr chart. I present this NOT to be critical. I ask because I do not see the difference and really would like to know if there is one and what I am missing….because if I am missing something, I really need to understand it.
Still GREAT WORK everyone! I hope this is not taken poorly! I get so much from these forums and all the work everyone puts in. Patrick
Re: Zero Lag indicator
Soniania · Fri Jun 07, 2013 1:23 am
Hi all,
Could you create the corresponding alert ?
Thanks
Re: Zero Lag indicator
Apprentice · Fri Jun 07, 2013 6:31 am
Which trigger will be used.
Re: Zero Lag indicator
Soniania · Fri Jun 07, 2013 6:44 am
direction change (up or down closed UT) please
Re: Zero Lag indicator
Soniania · Fri Jun 07, 2013 6:49 am
All direction changes, automatically, without user’s choice. Please
Re: Zero Lag indicator
Soniania · Tue Jun 11, 2013 1:13 am
Could you program it please ?
Re: Zero Lag indicator
Apprentice · Wed Jun 12, 2013 5:31 am
Your request is added to the development list.
Re: Zero Lag indicator
Soniania · Wed Jun 12, 2013 6:06 am
Thanks
Re: Zero Lag indicator
Soniania · Sat Jun 29, 2013 1:52 am
Hello Apprentice, I know you’re very much in demand, but have you any news about my request ? Thanks.
Re: Zero Lag indicator
Soniania · Mon Jul 15, 2013 1:46 pm
Any news please ?
Re: Zero Lag indicator
Apprentice · Wed Jul 17, 2013 6:52 am
Alert Added. See Topmost post.
Re: Zero Lag indicator
Soniania · Wed Jul 17, 2013 2:34 pm
Thank you very much
Re: Zero Lag indicator vs Fast SMA
Soniania · Sun Jul 28, 2013 9:33 am
I agree with Patrick, I think the simple fast MA is as effective.
Patrick Sweet wrote: Hi, I really appreciate ALL everyone is doing here, Apprentice and others!
An alternative to the zero lag EMA is a simple fast MA.
The yellow trend line here is SMA at 2periods, 1hr chart like the zero lag above which is at 20 periods, 1hr chart. I present this NOT to be critical. I ask because I do not see the difference and really would like to know if there is one and what I am missing….because if I am missing something, I really need to understand it.
Still GREAT WORK everyone! I hope this is not taken poorly! I get so much from these forums and all the work everyone puts in. Patrick
Re: Zero Lag indicator
Apprentice · Wed Dec 16, 2015 4:39 am
Compatibility issue Fixed. _Alert helper is not longer needed.
If you want to use updated version of this indicator, please make sure to use TS Version 01.14.101415. or higher.
Re: Zero Lag indicator
LeTigre30 · Wed Apr 06, 2016 12:56 pm
hello to Apprentice,
Using the version with 2 colors, Is it possible to build a strategy … Example : when the indicator is in an up trend, set an internal variable as +1, and when the indicator is in a down trend, set this internal variable to -1…
Rules : When color change from green to red : close BUY position and open SELL position When color change from Red to Green : close SELL position and open BUY position
- As this indicator works with ticks, is it a good way to take in consideration a number of ticks to confirm the action ?
- example : suppose when color is green, an internal stream = 1 and when the color is red, the internal stream = -1 Action is triggered when a determinate number of ticks has the same value 1 or -1, OR can be this strategy applied to bars from this indi ?
Bst Rgds,
LeTigre30
Re: Zero Lag indicator
Apprentice · Wed Apr 06, 2016 1:21 pm
Zero Lag Indicator.lua added, Will add strategy later.
Re: Zero Lag indicator
Apprentice · Wed Apr 06, 2016 1:36 pm
Requested can be found here. viewtopic.php?f=31&t=63350
Re: Zero Lag indicator
Apprentice · Wed Aug 15, 2018 6:58 am
The indicator was revised and updated.