Zerolag MACD

[rickroberts]

Is the Medved Traders version of zerolag MACD this:

 

ZeroLAG MACD calculates on formula:
 
ZeroLAG MACD(i) = (2*EMA(Close, FP, i) - EMA(EMA(Close, FP, i), FP, i)) - (2*EMA(Close, SP, i) - EMA(EMA(Close, SP, i), SP, i));

ZeroLAG MACD Signal(i) = 2*EMA(ZeroLAG MACD(i), SigP, i) - EMA(EMA(ZeroLAG MACD(i), SigP, i), SigP, i);

where:
EMA - exponential moving average;
Close - a price of the closing of the bar;
FP - a period of the quick moving average;
SP - a period of the slow moving average;
SigP - a period of the signal moving average;

[Mike Medved]

if you pick ZLMA as the MA type for the MACD in MT, it will substitute ZLMA for the Moving Average in MACD formula.

 

The ZLMA formula is here: http://user42.tuxfamily.org/chart/manual/Zero_002dLag-Exponential-Moving-Average.html

[rickroberts]

Ok, that's not same this as the code I posted above is it?

Can the user program the Zero Lag MACD code above into Medved?

 

[Mike Medved]

The "2*EMA - EMA(EMA)" formulation - that seems to be a different kind of moving average, under what name was it published?

[rickroberts]

Here you go:

https://www.mql5.com/en/code/9993

Hope you will consider adding it.

 

 

[Mike Medved]

Ok - that's just the MACD code from someone. But what they are doing is instead of using some standard MA formula like SMA or EMA or ZLMA, they are using this 2*EMA-EMA(EMA) formula. In order to properly add that to MT, I would want to add that MA to the MAs available (under a proper name) and then include it in the list of MA types available for MACD. But I would need to know what its name is.

[rickroberts]

Just following up...

Is this a "no-go" on the zerolag?