Moving Average - Zero Lag Exponential (ZLEMA)

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

Examples

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