ZeroLag ema + adx = true
Combined LazyBears ZeroLag EMA and CapnOscars moving average ADX. Here's the result.
I figured it could be used as a trend trendtrading system,
ADX red + ema cross downards = short.
ADX green + ema cross up = long.
ADX black + ema cross = no trade
Or something along those line. A way filter out whipsaws.
This is just something I threw together in 5 min, so din't go all in tho. Haven't had time to test.
2 ADX
3 Z-EMAs
Colors/settings can be customized.
I figured it could be used as a trend trendtrading system,
ADX red + ema cross downards = short.
ADX green + ema cross up = long.
ADX black + ema cross = no trade
Or something along those line. A way filter out whipsaws.
This is just something I threw together in 5 min, so din't go all in tho. Haven't had time to test.
2 ADX
3 Z-EMAs
Colors/settings can be customized.
// study(title = "ZeroLag EMA+ADX=True", shorttitle="ZeroLagEMA_ADX", overlay=true) len=input(20) len2=input(50) len3=input(200) src=close //EMA1 ema1=ema(src, len) ema2=ema(ema1, len) d=ema1-ema2 zlema=ema1+d //EMA2 ema1b=ema(src, len2) ema2b=ema(ema1b, len2) db=ema1b-ema2b zlemab=ema1b+db //EMA3 ema1c=ema(src, len3) ema2c=ema(ema1, len3) dc=ema1c-ema2c zlemac=ema1c+dc //ADX lenadx = input(14, minval=1, title="DI Length") lensig = input(14, title="ADX Smoothing", minval=1, maxval=50) limadx = input(18, minval=1, title="ADX MA Active") up = change(high) down = -change(low) trur = rma(tr, lenadx) plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, lenadx) / trur) minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, lenadx) / trur) sum = plus + minus adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), lensig) macol = adx > limadx and plus > minus ? lime : adx > limadx and plus < minus ? red :black ///ADX long lenadxB = input(14, minval=1, title="DI Length") lensigB = input(14, title="ADX Smoothing", minval=1, maxval=50) limadxB = input(36, minval=1, title="ADX MA Active") upB = change(high) downB = -change(low) trurB = rma(tr, lenadxB) plusB = fixnan(100 * rma(upB > downB and upB > 0 ? up : 0, lenadxB) / trurB) minusB = fixnan(100 * rma(downB > upB and downB > 0 ? downB : 0, lenadxB) / trurB) sumB = plusB + minusB adxB = 100 * rma(abs(plusB - minusB) / (sumB == 0 ? 1 : sumB), lensigB) macolB = adxB > limadxB and plusB > minusB ? lime : adxB > limadxB and plusB < minusB ? red :black // out = zlema outb = zlemab outc = zlemac A1=plot(out, color=navy, title="MA", linewidth= 2) A2=plot(outb, color=macol, title="MA2", linewidth= 2) plot(outc, color=macolB, title="MA Long Term", linewidth= 2) fill(A1, A2, color=gray, transp=75) barcolor(adx > limadx and plus > minus ? lime : adx > limadx and plus < minus ? red :na, title="BC ADX")