ZLEMA Fusion

ZLEMA Fusion - Advanced Zero-Lag Momentum & Trailing Stop System
A sophisticated overlay indicator combining the power of Zero Lag EMA (ZLEMA) with ATR-based Moving Stop (MOST) for precision trend following and dynamic support/resistance tracking.
Core Components:
1. ZLEMA (Zero Lag Exponential Moving Average)

Eliminates lag inherent in traditional EMAs
Provides faster response to price changes
Customizable length for different trading styles
Smooth, responsive trend line

2. MOST (Moving Stop - ATR Trailing Stop)

Dynamic ATR-based trailing stop system
Automatically adjusts to market volatility
Never moves backward - only trails in favourable direction
Green line = Uptrend support | Red line = Downtrend resistance
Customizable ATR multiplier and lookback period

Signal Generation:

BUY (⇑): When ZLEMA crosses above MOST
SELL (⇓): When ZLEMA crosses below MOST
Clean visual arrows with no label boxes
Signals trigger on candle close only (no repainting)

Advanced Features:
✅ Signal Cooldown System - Prevents signal spam with configurable minimum bars between signals
✅ ADX Trend Strength Filter - Optional filter to trade only in strong trends
✅ Higher Timeframe ZLEMA Confirmation - Multi-timeframe trend alignment for higher probability setups
✅ Background Color Coding - Quick visual trend identification (Green = Uptrend, Red = Downtrend)
✅ Alert System - Built-in alerts for buy and sell signals
Fully Customizable:

ZLEMA length
ATR period and multiplier
MOST lookback period
Signal cooldown bars
ADX filter threshold
Higher timeframe settings
Visual display options

Best Used For:

Index trading
Swing trading
Trend following strategies
Dynamic support/resistance identification
Entry/exit timing

Optimized for Indian Markets - Calibrated for Nifty, Bank Nifty, and other NSE instruments.
⚠️ Important Notes:

This indicator is for educational purposes
No repainting - all signals confirmed at candle close
Use proper risk management
Combine with your trading plan and additional confirmation