RedK Dual-Color Zero-Lag Moving Average (RedK ZLMA v1)

12 mar 2021

Here's my Dual-color Zero-Lag Moving Average indicator - with alerts - as a separate study

This is published in response to couple of requests i received. Please refer to previous posts on TA Basics on creating zero-lag MAs for more background.

This version adds couple of extras
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- the ability to choose the price being used (close vs hl2, hlc3..etc)

- ability to change resolution
the example chart below on the right uses a weekly resolution for the ZLMA on top of a daily chart - the left chart shows the same view but with the ZLMA resolution set to "same as chart"

- Alerts-enabled for when trend change is detected

- optional smoothing - keep the smoothing low (3 or 4) else it introduces lagging again



i hope some will find this useful
- the code is light and can easily be integrated into other indicators of your own - or you can add this ZLMA to your charts in combination with other MA's you use to easily identify trends and swings.

let me know your feedback.

Good luck!