Zero-Lag MACD indicator for Quantower

The Zero Lag MACD is a type of MACD developed by John Ehlers and Rick Way to minimize the inherent lag seen in the traditional MACD indicator. Designed to track the price more closely, the indicator gives a clearer view of the trend and short-term price movements.

This indicator is created based on the Pine Script code of "albert.callisto" for his Zero Lag MACD Enhanced - Version 1.2 indicator on TradingView.