Zero Lag MACD and EMA 200 with Signals

Zero Lag MACD with EMA Filter and Smart Signals
This indicator is an enhanced version of the traditional MACD that uses Zero Lag EMA calculations to provide faster and more responsive signals for scalping and day trading.
Key Features:
🎯 Zero Lag Technology - Uses double-smoothed EMA calculations to eliminate lag and provide earlier signals compared to standard MACD
📊 Clean Visualization - Displays histogram with MACD and Signal lines for clear trend analysis
🔍 Smart Signal Logic - Only shows valid trading signals based on strict conditions:

Buy Signal (Green dot at bottom): Triggers when price is above 200 EMA AND MACD crosses Signal line from below AND crossover occurs below zero line
Sell Signal (Red dot at top): Triggers when price is below 200 EMA AND MACD crosses Signal line from above AND crossover occurs above zero line

🔔 Built-in Alerts - Easy alert setup for both buy and sell signals so you never miss a trading opportunity
📈 200 EMA Filter - Incorporates trend filter to avoid counter-trend trades and improve signal quality

⚙️ Fully Customizable - Adjust all parameters:

Fast EMA Length (default: 12)
Slow EMA Length (default: 26)
Signal Length (default: 9)
EMA Filter Length (default: 200)

How to Use:

-Add the indicator to your chart
-Look for green dots (buy signals) when price is in an uptrend above 200 EMA
-Look for red dots (sell signals) when price is in a downtrend below 200 EMA
-Set up alerts by clicking "Create Alert" and selecting "Buy Signal" or "Sell Signal"
-Use signals in conjunction with your trading strategy and risk management

Best Practices:

-Works best on 1-15 minute timeframes for scalping
-Combine with support/resistance levels for confirmation
-Use proper stop-loss and take-profit levels
-Not all signals will be profitable - use proper risk management
-Signals are filtered to reduce noise and false entries

Color Scheme:

Histogram: Red (bearish) / Cyan (bullish)
MACD Line: Fuchsia/Pink
Signal Line: Lime/Green
Buy Signal: Green dot (bottom)
Sell Signal: Red dot (top)

This indicator is perfect for traders who want a cleaner, faster-responding MACD with built-in trend filtering and clear entry signals. Free to use and customize!