MACD Zero Lag TEMA

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

  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.

  https://www.prorealcode.com/prorealtime-indicators/zerolag-macd/

  Thanks

  

  sam00075

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

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

   

  

  robertogozzi

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

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

  How to replace it ?

  Explanations not clear.

  

  sam00075

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

  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…

  

  JS

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  05/21/2023 at 8:50 AM #214962
  JS

  I converted the MACD Zero Lag indicator to TEMA’s…
  Again, I personally think this calculation makes no sense…

  Zero Lag MACD with TEMA's

  //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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  //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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  Nicolas

  

  JS

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