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Indicator: Zero Lag EMA & a simple trading strategy
Zerolag (almost) EMA gives a good indicator of "close" trend. Many are familiar with the fast/slow ema crossing strategy. Try using this zerolag_ema as the fast runner. You will see improved and more reliable crossovers..
In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is bearish.
More info at mesasoftware.com/Papers/ZERO LAG.pdf
In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is bearish.
More info at mesasoftware.com/Papers/ZERO LAG.pdf
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List of my indicators at Appstore: blog.tradingview.com/?p=970
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