OPEN-SOURCE SCRIPT
Zero Lag EMA v2 by KIVANÇ fr3762
A different version of ZERO LAG EMA indicator by John Ehlers and Ric Way...
In this cover, Zero Lag EMA is calculated without using the PREV function.
The main purpose is that to provide BUY/SELL signals earlier than classical EMA's.
You can see the difference of conventional and Zero Lag EMA in the chart.
The red line is classical EMA and the blue colored line is ZEMA ( Zero Lag Ema ).
Turkish Explanation:
Ehlers ve Way'in ZERO LAG ,ndikatörünün Prev (previous value) kullanılmadan yorumlanarak hesaplanmış hali.
Amaç klasik Üssel Ortalamaya göre daha hızlı tepki verip, Al/Sat sinyallerini daha erken alabilmek.
Grafikte kırmızı renkle görülen normal Üssel HO ve mavi renkli olan Zero Lag (gecikmesiz) Üssel HO
In this cover, Zero Lag EMA is calculated without using the PREV function.
The main purpose is that to provide BUY/SELL signals earlier than classical EMA's.
You can see the difference of conventional and Zero Lag EMA in the chart.
The red line is classical EMA and the blue colored line is ZEMA ( Zero Lag Ema ).
Turkish Explanation:
Ehlers ve Way'in ZERO LAG ,ndikatörünün Prev (previous value) kullanılmadan yorumlanarak hesaplanmış hali.
Amaç klasik Üssel Ortalamaya göre daha hızlı tepki verip, Al/Sat sinyallerini daha erken alabilmek.
Grafikte kırmızı renkle görülen normal Üssel HO ve mavi renkli olan Zero Lag (gecikmesiz) Üssel HO
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
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