OPEN-SOURCE SCRIPT
3 Zero Lag + 3 Moving Averages + 3 RVWAP
The "3 Zero Lag + 3 Moving Averages + 3 RVWAP" (ZMR) indicator combines three groups of tools for technical analysis.
1. Three Customizable Moving Averages (MAs):
Configuration for Each MA:
Choice of 7 types (SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA).
Independent periods and price sources for each line.
Visualization:
MA1 (Blue), MA2 (Red), MA3 (Green).
2. Three Zero Lag EMAs (ZLEMA) with Individual Settings:
Lag Reduction: Corrects traditional EMA lag using:
Adjusted Price = 2 * Current Price - Price[Lag Period].
Flexibility:
Unique lengths (20, 50, 70) and individual price sources for each ZLEMA (HLC3, HL2, Close, etc.).
Colors:
ZLEMA1 (Yellow), ZLEMA2 (Orange), ZLEMA3 (Purple).
3. Three Rolling VWAPs with Custom Parameters:
Volume-Weighted Average Price (VWAP):
Calculated for three periods (20, 50, 100) with dedicated price sources for each VWAP.
Colors:
VWAP1 (Pink), VWAP2 (Light Blue), VWAP3 (Neon Green).
1. Three Customizable Moving Averages (MAs):
Configuration for Each MA:
Choice of 7 types (SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA).
Independent periods and price sources for each line.
Visualization:
MA1 (Blue), MA2 (Red), MA3 (Green).
2. Three Zero Lag EMAs (ZLEMA) with Individual Settings:
Lag Reduction: Corrects traditional EMA lag using:
Adjusted Price = 2 * Current Price - Price[Lag Period].
Flexibility:
Unique lengths (20, 50, 70) and individual price sources for each ZLEMA (HLC3, HL2, Close, etc.).
Colors:
ZLEMA1 (Yellow), ZLEMA2 (Orange), ZLEMA3 (Purple).
3. Three Rolling VWAPs with Custom Parameters:
Volume-Weighted Average Price (VWAP):
Calculated for three periods (20, 50, 100) with dedicated price sources for each VWAP.
Colors:
VWAP1 (Pink), VWAP2 (Light Blue), VWAP3 (Neon Green).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.