Please find updated version of Zero lag WMA crossover. In addition to this added 20/50 EMA to get better results.
Settings: ZLWMA = 8 identified by Blue line Fast WMA = 21 identified by Red line EMA Period 20/50
How to Trade:
Buy: Wait for positive crossover (Blue cross above Red) to happen trade can be taken there but to get better results post crossover once price move above EMA 20 then buy can be initiated. Sell: Wait for negative crossover (Blue cross below Red) to happen trade can be taken there but to get better results post crossover once price move below EMA 20 then sell can be initiated.
Reason to wait for confirmation of price action above / Below moving average is most of the time it happens that even after crossover happens sometimes it was just a pull back and from there it could be a possibility for reversal. Once price action confirms moving above / below EMA20 then trade will be initiated.
Wow. This one is actually more accurate than your other one. I'm glad I decided to look at this one. Thanks again. This is great.
happyTacos
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@oppassmore, Wow I just replied to you to check out for this Indicator. Glad to know that you already got it. Happy trading. Let me know if you are looking for any other information
oppassmore
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@happyTacos, Haha, yea was just about to reply in the other one. Yes, I use other checks and crosses. Also, I know Ichimoku Cloud strategy and this is perfect for the best entry alerts with this Crossover.