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.
Calculation:
Constant = 2/(1+Period)
lag = (Period-1)/2
Pricelag= The Price value lag period ago
PrevZEMA = The previous value of the indicator
Inputs: Please refer to Moving Averages
Indicator Type: Trend
See Also