Signals on different timeframes

• 12/22/2024 at 7:28 PM #241705
  adeelq79

  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

   

   

  

  adeelq79

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

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

  

  LucasBest

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

  Hi @LucasBest

  Can you explain your remark?

  

  JS

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

  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…

  

  LucasBest

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

  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…

  

  JS

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  12/22/2024 at 11:38 PM #241720
  adeelq79

  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.

  

  adeelq79

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