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

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!
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
---------------------------------------------
- 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!
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。