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Here is an indicator which uses a lowlag ema and the
latest RSI DLL from the Equis Forum (found in our files section).
This indicator is similar to the Jurik DMX.
{(DMZ)Dynamic Momentum Index}
{similar to the Jurik DMX- a lowlag DMI}
{written by Preston Umrysh}
{This indicator uses Dll software developed by MetaStock Forum Crew}
{http://forum.equis.com)}
Vt:=(Stdev(C,5)/Mov(Stdev(C,5),10,E))*10;
Vt:=Max(vt,.0000001);
Period:= Input("ZeroLag Period",1,250,10);
EMA1:= Mov(C,Period,E);
EMA2:= Mov(EMA1,Period,E);
Difference:= EMA1 - EMA2;
ZeroLagEMA:= EMA1 + Difference;
x:=ZeroLagEMA;
ExtFml( "ForumDLL.VarRSI",x ,vt)
{end}
Enjoy,
Preston
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