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Zero-Lag TEMA Moving Average and Its Reduced Delay

Article MQL5 code base

Summary

The document describes a moving-average indicator that combines the ZeroLAG MA approach with TEMA calculations. Its stated purpose is to reduce the delay associated with the original ZeroLAG MA and make the resulting indicator faster than a ZeroLAG DEMA version.

The text attributes the first description of ZeroLAG MA to an April 2000 issue of Technical Analysis of Stocks and Commodities, and says its creators characterized it as having zero delay. It provides no formula, chart, comparison data, or trading rules, so the speed and lag claims cannot be assessed from this description alone. It also does not explain how to interpret the indicator or validate it across markets and timeframes.

Key ideas

  • The indicator applies TEMA calculations to a ZeroLAG moving-average approach.
  • Its stated aim is to reduce lag compared with the original ZeroLAG MA.
  • The document claims this version is faster than a ZeroLAG DEMA variant.
  • No formula, performance evidence, or entry and exit rules are supplied.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.