Based on ZeroLag EMA - see Technical Analysis of Stocks and Commodities, April 2000 Original version by user Glaz. Thanks ! (see at the end of this description). Tweaked by Albert Callisto
Displayed components:
Fast and slow "zero lag" moving averages
Histogram showing delta between the two moving averages
You can choose between SMA or EMA for the moving averages. They give slightly different results. Glaz had used SMA instead of EMA. Most "zero MACD" scripts are based upon EMA. Usage is similar to the classic MACD and it can be integrated in an existing strategy, you will notice the crossing occurs earlier.