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

Accurate Result 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();