Zero Lag Exponential Moving Average (ZLEMA)

The Zero lag exponential moving average ( ZLEMA ) indicator was created
by John Ehlers and Ric Way.
As is the case with the Double exponential moving average ( DEMA ) and
the Triple exponential moving average ( TEMA ) and as indicated by the
name, the aim is to eliminate the inherent lag associated to all trend
following indicators which average a price over time.

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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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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