[shooly76]

does anyone here use this EMA? Ive been tinkering around w a 20 period ZLEMA w pretty nice results (so far).

if anyone has any info and input on this indicator, or strategies using this, please post here...thanks

[Tams]

Originally Posted by shooly76 »

does anyone here use this EMA? Ive been tinkering around w a 20 period ZLEMA w pretty nice results (so far).

if anyone has any info and input on this indicator, or strategies using this, please post here...thanks

What "tinkering" did you do?

What do you mean by "pretty nice results"?

[nagaraja]

looks interesting. how does it work?

what's the success ratio you had from it?

can you upload the screen shot of how it works

[ScottB]

One thing to always remember, no indicator can predict/show something that isn't there. A zero lag indicator to me implies you have simultaneously shown where things were (the ema part) and where things are (the zero lag part).

That is great if you can get it but does it make logical sense that those two ends can be achieved at the same time?

Best Regards,
Scott

[Burton52]

Any EMA will be a lagging indicator you will never get the top or bottom of a cycle but can be profitable. That said, here is my trading plan: I use two EMAs. A 4 period and a 12 period. I also use a MACD with a setting of 6 - 18 -6.

If I am bullish:
When the 4 crosses ABOVE the 12 I buy 60-70 delta calls 40 - 60 days out. I buy equal numbers and if the MACD crosses down I close have the position and I sell the other half if the 4 crosses the 12 down.

If I am bearish
I do the same type trade buying puts wehn the 4 crosses BELOW the 12

[metalhead]

ZLEMA is fun to play around with. You can smooth it with a fast HMA and get a pretty good MA.

However, it's still a MA and doesn't really offer any advantages.

Trade in the direction of its slope? Get chopped out from time to time.

Fade it? Lose in trends.

It has the same limitations as any other MA.

[ScottB]

metalhead, that is very well put and in my experience the essence of the issue.

Best Regards,
Scott

[shooly76]

although, i like the ZLEMA so far, I think it is a bit niosy using a 20 period BB.. by noisy I mean that the 20 period ZLEMA is usually too far away from the 20 period SMA (which is what is standard for BB. so basically Ive been getting mixed signals when using BB. So when using BB I prefer to use a standard 20 period EMA, which is closer to the SMA and therefore less noise (for me). keep in mind Im still a newb..and have much to learn

I only have sim trade and backtesting results...here r some screnshots w backtest..I cant find my sim shots..may have not saved them.