EMA + Zero Lag Signals by RickEMA + Zero Lag Signals by Rick
EMA + Zero Lag Signals by Rick is an overlay indicator that combines a customizable Exponential Moving Average with a Zero Lag trend engine to help traders read trend direction, momentum shifts, and filtered long/short opportunities from one tool.
What this script does
Plots a configurable EMA directly on the chart
Plots the Zero Lag basis and dynamic deviation bands
Displays bullish and bearish trend labels
Displays entry markers for continuation setups
Shows a multi-timeframe trend table for 5 additional timeframes
Adds custom EMA-filtered long and short alerts
Why this version is different
This script is not just a standard EMA or a basic repackaging of Zero Lag signals. It combines both tools into one workflow and adds practical chart controls for filtering, styling, and alerting.
EMA length and source are configurable
EMA line style can be adjusted directly from the script inputs
Long and short marker colors can be customized
Label text colors can be customized
Plotted signals can optionally be filtered by the EMA
EMA combo alerts can react to either any Zero Lag signal or entry signals only
How to use it
Use the EMA as a higher-level directional filter
Watch the Zero Lag basis and deviation bands for trend state changes
Use Bullish Trend and Bearish Trend labels to identify directional flips
Use entry markers for continuation opportunities within the active trend
Enable EMA filtering if you only want to display chart signals aligned with the EMA
Alerts included
Bullish Entry Signal
Bearish Entry Signal
Bullish Trend
Bearish Trend
(Bullish or Bearish) Trend
Bullish and bearish trend alerts for 5 extra timeframes
EMA + Zero Lag Long
EMA + Zero Lag Short
Inputs overview
EMA Settings: length, source, line style, and EMA color
Zero Lag Settings: calculation length and band multiplier
Extra Timeframes: 5 configurable timeframe trend checks
Appearance and Style: bullish and bearish colors, long and short signal colors, and label text colors
Signal Filters: plotted signal filtering by EMA and EMA alert mode
Credits
Portions of the Zero Lag logic are adapted from AlgoAlpha. This version adds EMA integration, customizable styling, optional EMA-based signal filtering, and custom alert logic.
This indicator is for educational and analytical use only. It does not provide financial advice or guarantee performance.
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