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Zero Lag Indicator for Amibroker (AFL)
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_SECTION_BEGIN("Zero Lag Indicator");
/*ZeroLag W%R*/
"========";
GraphXSpace = 3;
R = ((HHV(H,14) - C) /(HHV (H,14) -LLV (L,14))) *-100;
MaxGraph=10;
Period= 10;
EMA1= EMA(R,Period);
EMA2= EMA(EMA1,5);
Difference= EMA1 - EMA2;
ZeroLagEMA= EMA1 + Difference;
PR=100-abs(ZeroLagEMA);
Graph0=PR;
MoveAvg=MA(PR,5);
Graph1=MoveAvg;
Graph1Color=colorTan;
Graph0Style=4;
upbar= PR>= MoveAvg AND PR>= Ref(PR,-1) ;
downbar=(PR < MoveAvg) OR PR>= MoveAvg AND PR< Ref(PR,-1) ;
barcolor = IIf( downbar,colorRed, IIf( upbar, colorBrightGreen, 7));
Graph0BarColor = ValueWhen( barcolor != 0, barcolor );
Graph2=30;
Graph3=70;
Graph2Style=Graph3Style=Graph4Style=1;
Graph4Color=2;
Graph2Color=5;
Graph3Color=4;
Graph5=0;
Graph6=100;
Graph5Style=Graph6Style=1;
Graph5Color=Graph6Color=2;
Title=Name()+" < ZeroLag W%R :"+WriteVal(PR)+"%";
_SECTION_END();