MACD Zero Lag TEMA

sam00075 · 2023-05-19T04:31:49+00:00

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

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05/19/2023 at 5:31 AM #214906 quote

sam00075
Participant

Junior

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

Legend

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

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

sam00075
Participant

Junior

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

Master

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

Master
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"
```
Nicolas thanked this post

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