MACD Zero Lag TEMA

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  • 05/19/2023 at 5:31 AM #214906 quote
    sam00075
    Participant
    New

    Hello the community,

    is there an .itf for the MACD Zero Lag using TEMA ?

    This one created by Nicolas is working great, would just be better to have both versions.

    ZeroLag MACD

    Thanks

    05/19/2023 at 9:58 AM #214913 quote
    robertogozzi
    Moderator
    Master

    Just replace EXPONENTIALAVERAGE with TEMA (https://www.prorealcode.com/documentation/tema/).

    05/19/2023 at 3:29 PM #214921 quote
    sam00075
    Participant
    New

    I’ve seen the link before posting, and there’s another person asking the same question.

    How to replace it ?

    Explanations not clear.

    05/19/2023 at 4:33 PM #214924 quote
    JS
    Participant
    Senior

    With the “zero lag” calculation, EMAs are already used and when you replace these EMAs with TEMA’s you get a calculation that makes no sense…

    05/21/2023 at 8:50 AM #214962 quote
    JS
    Participant
    Senior
    I converted the MACD Zero Lag indicator to TEMA’s… Again, I personally think this calculation makes no sense… 
    //Long=26
//Short=12
//Signal=9

TEMAshort1 = TEMA[short](close)
TEMAshort2 = TEMA[short](TEMAshort1)
DifferenceShort = TEMAshort1 - TEMAshort2
ZeroLagShort = TEMAshort1 + DifferenceShort

TEMAlong1 = TEMA[long](close)
TEMAlong2 = TEMA[long](TEMAlong1)
DifferenceLong = TEMAlong1 - TEMAlong2
ZeroLagLong = TEMAlong1 + DifferenceLong

ZeroLagMACD = ZeroLagShort - ZeroLagLong

signal1=TEMA[signal](ZEROLAGMACD)
signal2=TEMA[signal](signal1)
DIFFERENCE2=signal1-signal2

SignalMACD=signal1+DIFFERENCE2
Difference=ZeroLagMACD-SignalMACD


RETURN ZeroLagMACD as "Zero Lag MACD" Coloured("Blue"), SignalMACD as "Signal MACD" Coloured("Red"), Difference as "Difference between ZLLine - ZLSignal"
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MACD Zero Lag TEMA


ProBuilder: Indicators & Custom Tools

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sam00075 @sam00075 Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by JS
2 years, 8 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 05/19/2023
Status: Active
Attachments: 1 files
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