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ZeroLagEMA.mq5 (7.59 KB) view

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Zero-Lag Exponential Moving Average indicator is an exponential moving average with the minimum delay.

It has two configurable parameters:

Calculation:

ZeroLagEMA = Alpha * (2.0*AppliedPrice-LagAppliedPrice) + (1.0-Alpha) * PrevZeroLagEMA

where:

Alpha = 2.0 / (Period+1)
Lag = Ceil((Period-1)/2.0)
LagAppliedPrice - AppliedPrice on Lag bar

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22439

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