ZLEMA - Zero Lag Exponential Moving Average

Description

The Zero Lag Exponential Moving Average is another variation of the EMA. Zero lag in this context signifies no delay, which means that the indicator adapts to the price changes more closely. The indicator does so by removing older price data and decreasing the cumulative effect in order to minimize the lag.

Further information

FMLabs: http://www.fmlabs.com/reference/default.htm?url=ZeroLagExpMA.htm

Usage

ZLEMA(int period)
ZLEMA(IDataSeries inSeries, int period)
ZLEMA(int period)[int barsAgo]
ZLEMA(IDataSeries inSeries, int period)[int barsAgo]

Return value

double

When using this method with an index (e.g. ZLEMA(14)[int barsAgo] ), the value of the indicator will be issued for the referenced bar.

Parameters

inSeries Input data series for the indicator

period Number of bars included in the calculations

Visualization

ZLEMA - Zero Lag Exponential Moving Average

Example

//Output for the value of the Zero Lag Exponential Moving Average
Print("The current ZLEMA value is " + ZLEMA(14)[0]);