RedK Dual-Color Zero-Lag Moving Average

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © RedKTrader
// ------------------------------------------------------------------------------------------------
// Original author:  RedKTrader
// Original title:   RedK Dual-Color Zero-Lag Moving Average (RedK ZLMA v1)
// Licence:          MPL-2.0 (the header above is the original notice, kept verbatim)
// Pine version:     4
// Fetched:          2026-10-12
// Ported to FloScript by FloSignals; modifications under MPL-2.0.
// Converter:        @flosignals/floscript 0.1.0, strict mode, score 100/100
// ------------------------------------------------------------------------------------------------
//@floscript=1
//@version=5
// Converted by the FloScript converter from a Pine-compatible v4 source.

indicator("RedK Dual-Color Zero-Lag Moving Average", shorttitle="RedK ZLMA v1", precision=2, timeframe="", overlay=true)
price = input(title="Source", defval=close)
length = input.int(title="Length", defval=7, minval=1, step=1)
smooth = input.int(title="Smoothing", defval=3, minval=1, step=1)

// Calculations
priceMA = ta.wma(ta.wma(price, length), smooth)
ZLMA = 2 * priceMA - ta.wma(priceMA, length)

up = ta.change(ZLMA) > 0
dn = ta.change(ZLMA) < 0
zup = #2196f3
zdown = #f57f17

// Main Plot
plot(ZLMA, title="Zero Lag MA", color=up ? zup : zdown, linewidth=4)

// Alerts on ZLMA changing direction up or down
TurnUp = up and dn[1]
TurnDn = dn and up[1]
alertcondition(TurnUp, title="ZLMA Up!", message="Ribbon | Price Turning up! - {{exchange}}:{{ticker}} at {{close}}")
alertcondition(TurnDn, title="ZLMA Down!", message="Ribbon | Price Turning Down! - {{exchange}}:{{ticker}} at {{close}}")

This file is under the Mozilla Public License 2.0; it is a port of the original by RedKTrader, with the original licence header kept and the changes made for FloScript noted in the file.

• v22026-10-14

  Library refresh 2026-10-14

• v12026-10-12

  Library refresh 2026-10-12