And as a logical continuation, this is a Zlema MACD ...
It uses the zlema (zero lag ema) calculation from previous post to calculate MACD. Signal line is calculated as zlema too. Just as a comparison : upper is using what is known as zero lag ema (as I said, "DEMA in disguise") and lower is using zlema (zero lag ema) Parameters are the same. I think that it is rather obvious which is "more zero lag" of the 2 )to get similar results zlema parameters should be roughly calculated with 2)
PS: calculating lengths do not need to be integer values (no reason for that). Interesting results can be achieved with some fractional parameters
can we add divergence with alert to this please..??