Indicators: Ultra Trend - Zero Lag DEMA

 

Ultra Trend - Zero Lag DEMA:

Ultra Trend is an indicator that uses different period averages (usually it is JMA), checks their slopes and calculates the trend from those slopes.

This version is using a "fast" (fast in response to market changes) Zero Lag DEMA for trend calculations.

It is a standalone indicator though (it does not need any other indicator in order to work correctly).

Author: Mladen Rakic