I have searched the internet for instructions on how to use this indicator. Can someone explain exactly how it works and the best time frame to use apply it to?
Thanks in advance for your answers!
Ignored
It's very similar to other moving averages. You attach this to your chart just like any other Moving Average. You may also change the duration to the one you like and have multiple instances of it with different settings. The usage is also pretty much the same as other MAs. The main difference is that it reacts to the price movements faster than other MAs. It has tried to eliminate the lag.
If you really want to be technical about it - a "zero" lag moving average would be a 1 bar moving average. Which would be same as watching price which in the end is the best indicator to look at anyway.
Ignored
Good point lol.
I use indicators and make money, but I'm not proud of it.
In the weight room, I have a good squat, but I also use a towl to pad my shoulders, I'm not proud of that either.
One should always work toward independance and less reliance on different types of crutches. I try naked charts, but I'm not willing to use it live until I can get the same or better results as my indicator trading.
I found this thread very interesting.
Is there a signal/alert indicator that incorporates the zero lag ma, posted by Mr Smoothy earlier, with a normal ema.
Just two crossing ma's with differing functions.
I see geat value in such a signal and alert.
Thank you to anyone who knows and posts the indictor.
Stay safe.
George
