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Published:

2018.07.13 15:38

Zero_Lag_TEMA.mq5 (10.84 KB) view

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Indicator Zero Lag Triple Exponential Moving Average.

It has two configurable parameters:

Period - calculation period;
Applied price - price used for calculations.

Calculations:

ZLTEMA = TEMA1 + Diff

where:

Diff = TEMA1 - TEMA2
TEMA2 = 3*(EMA4-EMA5)+EMA6
EMA6 = EMA(EMA5, Period)
EMA5 = EMA(EMA3, Period)
EMA4 = EMA(TEMA1, Period)
TEMA1 = 3*(EMA1-EMA2)+EMA3
EMA3 = EMA(EMA2, Period)
EMA2 = EMA(EMA1, Period)
EMA1 = EMA(Applied price, Period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21255

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Zero_Lag_TEMA - indicator for MetaTrader 5