Signals on different timeframes

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12/22/2024 at 7:28 PM #241705 quote

Participant

Senior

Ivan kindly built the code for zero lag buy and sell indicator from AlgoAlpha (This Zero-Lag BUY SELL Indicator Makes All The Others OBSOLETE). I was wondering if anyone could enhance the code to add the signals across the different timeframes as per the screenshot. Attached is the code and a screenshot of the table I’m seeking to add. Thanks

Screenshot-2024-12-22-182526.png Zero-Lag-Basis.itf.docx

12/22/2024 at 8:22 PM #241711 quote

LucasBest

Participant

Senior

Those who makes indicators and called them zero-lag signals must have a big sense of humor! 🙂

12/22/2024 at 8:59 PM #241714 quote

Participant

Master

Hi @LucasBest Can you explain your remark?

12/22/2024 at 9:22 PM #241716 quote

LucasBest

Participant

Senior

JS wrote:
Hi @LucasBest Can you explain your remark?

Well, look at the picture, when the buy signal is given by the indicatore, the price go down and vice versa… That is not no lag for me as it is little bit too late to enter there… So i think it ‘s funny to say “no lag” when it is abviously too late…

Capture-decran-2024-12-22-211901.jpg

12/22/2024 at 9:36 PM #241718 quote

Participant

Master

This is because the wrong “zero lag” formula is being used… The “zero lag” formula in use is only intended for simple moving averages, as the average is approximately in the middle of the “window”… The window is equal to the period (N). Zerolag = Round((N-1)/2) When applied to an exponential moving average, the average is no longer in the middle of the “window.” This is because in an EMA, emphasis is placed on recent prices, causing the average to shift forward, and so the zero lag formula is no longer accurate…

12/22/2024 at 11:38 PM #241720 quote

adeelq79

Participant

Senior

I’ve been testing this indicator and it better used as a ‘band’ which attracts price and then it can be used for entry and stops. Should align to other indicators for confluence. If you back test it you will see how this acts as a zone. The ZLMA has been around for a while so not a new concept.

12/24/2024 at 9:32 AM #241744 quote

Iván González

Moderator

Legend

Hi! I already did it.

Zero Lag Trend Signals Indicator by AlgoAlpha

12/24/2024 at 10:33 AM #241746 quote

PeterSt

Participant

Master

Hi @Iván, See the first post in this thread. The mentioned “Ivan built” is past tense. So adeelq79 is asking for an addition now. Or else I miss the point myself ? 🙂

12/25/2024 at 1:25 AM #241782 quote

adeelq79

Participant

Senior

Thanks Peter. And yes Ivan you did build the code, which works great, but you have not coded to show the signals on different timeframes as per the image. Is it possible to add to the orignial code to include this table?

12/25/2024 at 11:47 AM #241784 quote

Participant

Master

Hi @adeelq79

Here’s the basic version…

Use enough units to calculate all the averages correctly and as expected, the combination of five timeframes and their corresponding units is a challenge for your computer… 🙂

DefParam DrawOnLastBarOnly=True

length=20
mult=1.2
src=close

TimeFrame(5 minutes)
lag=floor((length-1)/2)

myzlema5=average[length,1](src+(src-src[lag]))
atr5=averagetruerange[length](close)
volatil5=highest[length*3](atr5)*mult

if close > myzlema5+volatil5 then
DrawText("TF 5min",-300,-50,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bullish",-200,-50,SansSerif,Bold,15)Anchor(TopRight)Coloured("Green")
elsif close < myzlema5-volatil5 then
DrawText("TF 5min",-300,-50,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bearish",-100,-50,SansSerif,Bold,15)Anchor(TopRight)Coloured("Red")
else
DrawText("TF 5min",-300,-50,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Neutral",-100,-50,SansSerif,Bold,15)Anchor(TopRight)Coloured("White")
EndIf

TimeFrame(15 minute)
myzlema15=average[length,1](src+(src-src[lag]))
atr15=averagetruerange[length](close)
volatil15=highest[length*3](atr15)*mult

if close > myzlema15+volatil15 then
DrawText("TF 15min",-300,-75,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bullish",-200,-75,SansSerif,Bold,15)Anchor(TopRight)Coloured("Green")
elsif close < myzlema15-volatil15 then
DrawText("TF 15min",-300,-75,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bearish",-100,-75,SansSerif,Bold,15)Anchor(TopRight)Coloured("Red")
else
DrawText("TF 15min",-300,-75,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Neutral",-100,-75,SansSerif,Bold,15)Anchor(TopRight)Coloured("White")
endif

TimeFrame(1 hour)
myzlema1H=average[length,1](src+(src-src[lag]))
atr1H=averagetruerange[length](close)
volatil1H=highest[length*3](atr1H)*mult

if close > myzlema1H+volatil1H then
DrawText("TF 1hour",-300,-100,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bullish",-200,-100,SansSerif,Bold,15)Anchor(TopRight)Coloured("Green")
elsif close < myzlema1H-volatil1H then
DrawText("TF 1hour",-300,-100,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bearish",-100,-100,SansSerif,Bold,15)Anchor(TopRight)Coloured("Red")
else
DrawText("TF 1hour",-300,-100,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Neutral",-100,-100,SansSerif,Bold,15)Anchor(TopRight)Coloured("White")
endif

TimeFrame(4 hour)
myzlema4H=average[length,1](src+(src-src[lag]))
atr4H=averagetruerange[length](close)
volatil4H=highest[length*3](atr4H)*mult

if close > myzlema4H+volatil4H then
DrawText("TF 4hour",-300,-125,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bullish",-200,-125,SansSerif,Bold,15)Anchor(TopRight)Coloured("Green")
elsif close < myzlema4H-volatil4H then
DrawText("TF 4hour",-300,-125,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bearish",-100,-125,SansSerif,Bold,15)Anchor(TopRight)Coloured("Red")
else
DrawText("TF 4hour",-300,-125,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Neutral",-100,-125,SansSerif,Bold,15)Anchor(TopRight)Coloured("White")
endif

TimeFrame(1 day)
myzlema1D=average[length,1](src+(src-src[lag]))
atr1D=averagetruerange[length](close)
volatil1D=highest[length*3](atr1D)*mult

if close > myzlema1D+volatil1D then
DrawText("TF 1day",-300,-150,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bullish",-200,-150,SansSerif,Bold,15)Anchor(TopRight)Coloured("Green")
elsif close < myzlema1D-volatil1D then
DrawText("TF 1 day",-300,-150,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Bearish",-100,-150,SansSerif,Bold,15)Anchor(TopRight)Coloured("Red")
else
DrawText("TF 1 day",-300,-150,SansSerif,Bold,15)Anchor(TopRight)Coloured("Grey")
DrawText("Neutral",-100,-150,SansSerif,Bold,15)Anchor(TopRight)Coloured("White")
endif

return (myzlema5+volatil5)as "zlema5+vol5" Coloured("Red"),(myzlema5-volatil5) as "zlema5-vol5" Coloured("Red"),(myzlema15+volatil15)as "zlema15+vol15" Coloured("Green"),(myzlema15-volatil15) as "zlema15-vol15" Coloured("Green"),(myzlema1H+volatil1H)as "zlema1H+vol1H" Coloured("Blue"),(myzlema1H-volatil1H) as "zlema1H-vol1H" Coloured("Blue"),(myzlema4H+volatil4H)as "zlema4H+vol4H" Coloured("Yellow"),(myzlema4H-volatil4H) as "zlema4H-vol4H" Coloured("Yellow"),(myzlema1D+volatil1D)as "zlema1D+vol1D" Coloured("Purple"),(myzlema1D-volatil1D) as "zlema1D-vol1D" Coloured("Purple")

robertogozzi and Iván González thanked this post