ZLEMA
ProRealTime v11Returns the ZeroLag Moving Average value applied to selected data serie.
Syntax:
|
1 |
ZLEMA[period](price) |
Where:
- period= calculation period of the ZeroLag MA (default period is 20)
- price= applied price (or data serie) for the calculation
Zero Lag Moving Average Calculation:
ZLEMA = EMA of (close + (close-close[lag])) Lag = (N-1)/2
Interpretation: The zero lag exponential moving average aims to eliminate the lag associated with trend following indicators which average price over time. It can be viewed as a very fast moving average and interpreted similarly to other fast moving averages.
