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Zero Lag indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=20871
Forum: 38 · Topic 20871 · 1 post(s)
Zero Lag indicator
Alexander.Gettinger · Thu Jul 05, 2012 4:39 pm
Original indicator: viewtopic.php?f=17&t=2511
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
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