Moving Average - Zero Lag Exponential (ZLEMA)

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Moving Average - Zero Lag Exponential (ZLEMA)

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Description

The Zero-Lag Exponential Moving Average is a variation on the Exponential Moving Average. The Zero-Lag keeps the benefit of the heavier weighting of recent values, but attempts to remove lag by subtracting older data to minimize the cumulative effect.

 

... Courtesy of FMLabs

 

 

Syntax

ZLEMA(int period)
ZLEMA(ISeries<double> input, int period)

 

Returns default value
ZLEMA(int period)[int barsAgo]
ZLEMA(ISeries<double> input, int period)[int barsAgo]

 

 

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

 

 

Parameters

input

Indicator source data (?)

period

Number of bars used in the calculation

 

 

Examples

ns

// Prints the current value of a 20 period ZLEMA using default price type
double value = ZLEMA(20)[0];
Print("The current SMA value is " + value.ToString());
 
// Prints the current value of a 20 period ZLEMA using high price type
double value = ZLEMA(High, 20)[0];
Print("The current ZLEMA value is " + value.ToString());

 

 

Source Code

You can view this indicator method source code by selecting the menu New > NinjaScript Editor > Indicators within the NinjaTrader Control Center window.