FXCodeBase.COM: Forex Chart Indicators and Development

Zero Lag indicator is described in November 2010 issue of Stocks & Commodities.

The formula of the indicator is:
ZL = α * (EMA + Gain * (Close - ZL[1])) + (1 - α) * ZL[1]

The formula is similar to EMA, except that new term Gain * (Close - ZL[1]) is introduced.
'Gain' represents the value which is chosen from [-GainLimit, GainLimit] interval to minimize
the error for current data sample, (Close - ZL) → min



Download the indicator:



This indicator provides Audio / Email Alerts on Price / MA cross (Real Time)
or/and MA slope changes (end of turn)
Dec 15, 2015: Compatibility issue Fix. _Alert helper is not longer needed.

Hi,

Could you please provide an option to change line type (dash, dot, or dash-dot, etc) and thickness

Thanks..

Style options Added.

Again - thanks a lot for this one.
Could you also make it change colour depending on the trend?
e.g. green on an up trend, red on a down trend
It would be great if there was an option to choose the colours according to one's liking.

Added to developmental cue.

Hi,
Thanks for this excellent indicator. Is it possible to code a signal for this indicator, and also code a signal for the zero-lag MACD?
hhb

Happy to.
But before you start working on signals.
Can you tell me what type of signal you want.
(Describe the signal with a bit more detail.)
Like, I need Zero Lag / Price to Cross Signal
Signal when the Zero Lag trend changes...
In each case.

Hi,
I would like to get a trend change signal (up or down) at earliest candle close and at varying chart times (I'm mostly interested in 1 hr, 4 hr and daily). I plan to use this signal along with current price level, candle stick formation and an ocillator to facilitate early entry into a trend.
Thanks, hhb

Added to developmental cue.

MQL4 version of Zero Lag indicator: viewtopic.php?f=38&t=20871