Zero Lag Exponential Moving AverageZero Lag Exponential Moving Average indicator script based on the original version by John Ehlers and Ric Way
Lag
Triangular Moving AverageThe TRIMA is simply the SMA of the SMA -- a double-smoothed simple moving average . The end effect of the double smoothing is that greater weight is placed on values near the middle of the lookback period. It therefore reacts relatively slowly to price changes compared to most moving averages .
But why would I want more lag?
One potential use of this moving average that I've found is that it can allow price to run for a bit after crossing the TRIMA before catching up and creating an opposing signal. It therefore creates the chance for the price to "run its course" so to speak, which can make whipsaw signals less common.
GreenMood inchart MACD Zero LagMACD Zero lag Visual inchart view.
Threshold / Settings can be changed in Format view.
Threshold to be adapted depending on timeframe.
