Zero Lag Signals (Pine Script) - Corrected

30 janv.

Zero-Lag EMA: It calculates a zero-lag EMA using a custom function. This type of EMA aims to reduce lag compared to a traditional EMA, providing a more responsive indicator of price movement.

Volatility: It calculates volatility using the Average True Range (ATR) indicator and a user-defined multiplier.

Angle: It calculates the angle of the zero-lag EMA by comparing its current value to its value 10 bars ago. This helps determine the trend and momentum of the price.

Buy/Sell Signals:

Buy Signal: Triggered when the angle of the zero-lag EMA is above a certain threshold and the current price is above the EMA.
Sell Signal: Triggered when the angle of the zero-lag EMA is below a certain threshold and the current price is below the EMA.
Key Features:

Zero-Lag EMA: Reduces lag for a more responsive indicator.
Volatility Bands: Helps identify potential entry and exit points based on volatility.
Angle Calculation: Provides insights into the trend and momentum of the price.
Customizable Parameters: Allows users to adjust the length of the EMA, volatility multiplier, and signal angle threshold.
Visual Signals and Alerts: Displays buy and sell signals on the chart and triggers alerts.
This indicator can be used to:

Identify potential buy and sell opportunities in trending markets.
Filter out false signals in choppy markets.
Confirm the strength of a trend.
Time entries and exits based on momentum and volatility.

30 janv.

Notes de version

This Pine Script indicator identifies potential buy and sell signals based on a zero-lag exponential moving average (EMA) and the angle of the EMA.

**Here's how it works:**

1. **Zero-Lag EMA:** It calculates a zero-lag EMA using a custom function. This type of EMA aims to reduce lag compared to a traditional EMA, providing a more responsive indicator of price movement.

2. **Angle:** It calculates the angle of the zero-lag EMA by comparing its current value to its value 10 bars ago. This helps determine the trend and momentum of the price.

3. **Buy/Sell Signals:**
- **Buy Signal:** Triggered when the angle of the zero-lag EMA crosses above a certain threshold and the current price is above the EMA.
- **Sell Signal:** Triggered when the angle of the zero-lag EMA crosses below a certain threshold and the current price is below the EMA.

**Key Features:**

- **Zero-Lag EMA:** Reduces lag for a more responsive indicator.
- **Angle Calculation:** Provides insights into the trend and momentum of the price.
- **Customizable Parameters:** Allows users to adjust the length of the EMA and the signal angle threshold.
- **Visual Signals and Alerts:** Displays buy and sell signals on the chart and triggers alerts.

This indicator can be used to identify potential buy and sell opportunities in trending markets.

30 janv.

Notes de version

Trend Indicator for Live Cattle

hier

Notes de version

This script is a Zero Lag Trend Strategy designed for TradeStation's Pine Script (v6). It identifies market trends using a zero-lag moving average (ZLEMA or SMA), volatility bands, and a trend strength scoring system based on historical price movements.

Key Features:
Zero Lag Moving Average:

Uses EMA or SMA as a zero-lag calculation to reduce delay in trend detection.
The moving average is based on a projection formula to reduce lag.
Trend Strength Analysis (For Loop Calculation):

A custom function (forloop_analysis) scores the trend strength by comparing the current price to past values.
If the score exceeds a threshold, the script identifies an uptrend or downtrend.
Volatility-Based Entry Conditions:

Uses ATR-based volatility bands to determine valid trade signals.
Long (Buy) signal: If trend strength is above a threshold & price is above the volatility band.
Short (Sell) signal: If trend strength is below a threshold & price is below the volatility band.
Trend Direction Tracking & Change Detection:

The script remembers the current trend and only switches when a new opposite signal appears.
This prevents frequent, unnecessary trades in choppy markets.
Slope/Angle Calculation for Additional Confirmation:

Computes the angle of the zero-lag line to determine trend momentum.
If the angle is steep enough, it reinforces the trend signal.
Buy & Sell Signals with Visual Cues:

Uses arrows (or other shapes) to indicate Buy/Sell signals on the chart.
Signals persist until an opposite trend appears, reducing noise.
Arrows are customizable in shape & size.
Ideal Use Cases:
Intraday & Swing Trading: Works on custom timeframes (default: 10-minute chart).
Momentum & Trend Traders: Helps filter out weak trends & avoid lagging signals.
Volatility-Based Strategies: Adapts to market conditions via ATR-based thresholds.