Zero Lag Indicator - aflcode.com | Latest collection of Amibroker afl 2023

How to use Zero Lag Indicator Amibroker afl?

Zero Lag Indicator Amibroker afl is modified version of stochastic oscillator. It moves little bit faster than traditional stochastic oscillator. Zero Lag Indicator shows buy and sell arrow on crossover. Buy when green arrow appear in oversold zone and sell when red arrow appear in overbought zone. Zero Lag Indicator Can be used in any time frame. use Zero Lag Indicator with candlestick chart to get additional confirmation.

Zero Lag Indicator

//www.aflcode.com
_SECTION_BEGIN("Zerolag");
/*ZeroLag W%R*/
"========";

GraphXSpace = 3;

R = ((HHV(H,14) - C) /(HHV (H,14) -LLV (L,14))) *-100;

MaxGraph=10;
Period= 10;
EMA1= EMA(R,Period);
EMA2= EMA(EMA1,5);
Difference= EMA1 - EMA2;
ZeroLagEMA= EMA1 + Difference;
PR=100-abs(ZeroLagEMA);

Graph0=PR;

MoveAvg=MA(PR,5);


Graph1=MoveAvg;

Graph1Color=colorTan;
Graph0Style=4;
upbar= PR>= MoveAvg AND PR>= Ref(PR,-1) ;
downbar=(PR < MoveAvg) OR PR>= MoveAvg AND PR< Ref(PR,-1) ;
barcolor = IIf( downbar,colorRed, IIf( upbar, colorBrightGreen, 7));
Graph0BarColor = ValueWhen( barcolor != 0, barcolor );
Graph2=30;
Graph3=70;

Graph2Style=Graph3Style=Graph4Style=1;
Graph4Color=2;
Graph2Color=5;
Graph3Color=4;

Graph5=0;
Graph6=100;
Graph5Style=Graph6Style=1;
Graph5Color=Graph6Color=2;

Title=Name()+" < ZeroLag W%R :"+WriteVal(PR)+"%";

Buy = Cross(PR,moveAvg) AND PR<35;
Sell = Cross(moveAvg,PR) AND PR>75;
PlotShapes(Buy*shapeUpArrow,colorLime,0,Graph0);
PlotShapes(Sell*shapeDownArrow,colorRed,0,Graph0);
_SECTION_END();