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Zero lag tema macd
zerolag-tema-macd.mq4
mladen
I saw that you changed zero lag ma. Is this version correct?
color_zero_lag.zip
mladen
I saw that you changed zero lag ma. Is this version correct?
color_zero_lag.zipNo. It is not even a zero lag ma but a variation of dema (far from being zerolag ma). That is a usual confusion that is going on for quite some time even though the formulas have nothing in common.
No. It is not even a zero lag ma but a variation of dema (far from being zerolag ma). That is a usual confusion that is going on for quite some time even though the formulas have nothing in common.
OK. Thanks
No. It is not even a zero lag ma but a variation of dema (far from being zerolag ma). That is a usual confusion that is going on for quite some time even though the formulas have nothing in common.
How different the values of zero lag and dema are (I mean a lot or a little)?
How different the values of zero lag and dema are (I mean a lot or a little)?
Different formulas completely
DEMA = ( 2 * EMA(n)) - (EMA(EMA(n)) ), where n= period
ZLEMA = EMA(PRICE + (PRICE-PRICE[lag]),n) where n= period and lag= n/2
Different formulas completely
DEMA = ( 2 * EMA(n)) - (EMA(EMA(n)) ), where n= period
ZLEMA = EMA(PRICE + (PRICE-PRICE[lag]),n) where n= period and lag= n/2OK. I see now. Thanks
Different formulas completely
DEMA = ( 2 * EMA(n)) - (EMA(EMA(n)) ), where n= period
ZLEMA = EMA(PRICE + (PRICE-PRICE[lag]),n) where n= period and lag= n/2Why are they calling dema zero lag ma then?
Why are they calling dema zero lag ma then?
Usual reasons
For example : John Ehlers alone made two "zero lag" mas that I know of (he probably made some more). The name is too good - some can not resist it
This macd is using real zero lag ema (described here https://en.wikipedia.org/wiki/Zero_lag_exponential_moving_average) but it corrects error that exists in that formula (and in all zero lag indicator and derived indicators that are calculated that way) : zlema_macd_correct.ex4
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PS : the formula stated in the wikipedia article calculates wrong zero lag ema in exactly 50% of cases