Zerolag (almost) EMA gives a good indicator of "close" trend. Many are familiar with the fast/slow ema crossing strategy. Try using this zerolag_ema as the fast runner. You will see improved and more reliable crossovers..
In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is bearish.
More info at www.mesasoftware.com.../Papers/ZERO LAG.pdf
In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is bearish.
More info at www.mesasoftware.com.../Papers/ZERO LAG.pdf
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
// // @author LazyBear // study(title = "Almost Zero Lag EMA [LazyBear]", shorttitle="ZeroLagEMA_LB", overlay=true) length=input(10) src=close ema1=ema(src, length) ema2=ema(ema1, length) d=ema1-ema2 zlema=ema1+d plot(zlema)
