Zero_Lag_TEMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator zero lags the three exponential moving average.
It has two configurable parameters:
ZLTEMA = TEMA1 + difference
Where:
Difference = TEMA1 - TEMA2 TEMA2 = 3*(EMA4-EMA5)+EMA6 EMA6 = EMA(EMA5, period) EMA5 = EMA(EMA3, period) EMA4 = EMA(TEMA1, period) TEMA1 = 3*(EMA1-EMA2)+EMA3 EMA3 = EMA(EMA2, period) EMA2 = EMA(EMA1, period) EMA1 = EMA(apply price, period)
Attachment download
📎 zero_lag_tema.mq5 (10.84 KB)
Source: MQL5 #21255
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