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.

[img]https://nexusfi.com/v/z5zb96.png[/img]

Function:

 

Code

// Big Mike Trading https://nexusfi.com // April 10 2010 // Function inputs:     Price (NumericSeries),     length (NumericSimple);      vars:     ema0 (0),     ema1 (0);      ema0 = XAverage(Price, length); ema1 = XAverage(ema0, length); ZeroLagEMA = ema0 + (ema0 - ema1);

Indicator:

 

Code

// Big Mike Trading https://nexusfi.com // April 10 2010 // Indicator inputs:     Price (close),     length (14);      vars:     zlema (0);      zlema = ZeroLagEMA(Price, length); Plot1(zlema, "ZeroLagEMA");

MultiCharts pla attached.

Mike