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ZLT

The document is a Pine Script code for a trading indicator called 'Zero-Lag Trend Signals' (ZLT V1). It calculates a zero-lag exponential moving average and generates bullish and bearish signals based on price crossovers with a volatility band. Additionally, it includes alert conditions for buy and sell signals.

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Aj Deshmukh
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9 views1 page

ZLT

The document is a Pine Script code for a trading indicator called 'Zero-Lag Trend Signals' (ZLT V1). It calculates a zero-lag exponential moving average and generates bullish and bearish signals based on price crossovers with a volatility band. Additionally, it includes alert conditions for buy and sell signals.

Uploaded by

Aj Deshmukh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=5

indicator('Zero-Lag Trend Signals', 'ZLT V1', overlay=true)

// ───────────── Inputs ─────────────


lenZLT = input.int(70, 'ZLT Length')
multZLT = input.float(3, 'Band Multiplier')
colBull = input.color(#002aff, 'Bull Arrow Color')
colBear = input.color(#002aff, 'Bear Arrow Color')

// ───────────── Core ─────────────


lag = math.floor((lenZLT - 1) / 2)
zlema = ta.ema(close + (close - close[lag]), lenZLT)
volBand = ta.highest(ta.atr(lenZLT), lenZLT*3) * multZLT

var int trend = 0


if ta.crossover(close, zlema + volBand)
trend := 1
if ta.crossunder(close, zlema - volBand)
trend := -1

isBull = ta.crossover(trend, 0)
isBear = ta.crossunder(trend, 0)

offsetArrows = 0
arrowYPosBull = low * 0.999
arrowYPosBear = high * 1.001

// ───────────── Plotshapes (однострочно) ─────────────


plotshape(isBull ? arrowYPosBull : na, 'Bullish ZLT', shape.labelup,
location.belowbar, colBull, text='▲', textcolor=color.white, size=size.tiny,
offset=offsetArrows)
plotshape(isBear ? arrowYPosBear : na, 'Bearish ZLT', shape.labeldown,
location.abovebar, colBear, text='▼', textcolor=color.white, size=size.tiny,
offset=offsetArrows)

// ───────────── Alerts ─────────────


alertcondition(isBull, 'ZLT BUY', 'Zero-Lag Trend BUY')
alertcondition(isBear, 'ZLT SELL', 'Zero-Lag Trend SELL')

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