No Lag Moving Averade
NLMA is a new Moving Average indicator which has no lag and moves without delay respect to price changes. NLMA calculates EMA and then recalculate its moving average just like Double EMA or DEMA indicator. But after each MA, it uses a simple low pass filter to soften the curve. Not like SMA, low period value does not create sharp angles and NLMA curve keeps its softness.
You can use two NLMA (like NLMA(5) and NLMA(9)) to identify trend changes. Cross points of NLMA(5) and NLMA(9) are new trends.
- applied_price=PRICE_MEDIAN Applied Price
- InpPeriod=5 NLMA Period