The Moving Average ZEMA / ZLEMA can be purchased separately, or is available as part of the Club Membership. To get access to our entire collection of indicators, including any future releases, click here to join the Club.
$97.00
The ZEMA Indicator, also known as the ZLEMA (Zero-Lag Exponential Moving Average (EMA)) was developed by John Ehlers and Ric Way in their publication titled, “Zero Lag (well, almost).” The Zero-Lag is an attempt by Mr. Ehlers and Mr. Way to remove a user defined portion of lag, which is inherent in all indicators that are based on historical price data, from the EMA. It is important to note that there as lag is removed from the EMA, smoothing is also removed. Mr. Ehlers and Mr. Way, in order to remove lag from the EMA, took the error term in the EMA (Price[0] – EMA[1]) multiplied it by a “gain term” and then incorporate the new value into the EMA formula.
As with all of our moving averages, the ZEMA / ZLEMA is built on our Moving Average Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. To preview “The Framework” that makes our indicators a necessary part of every traders arsenal, please review the following video:
