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Smoothing methods have lag, and since MACD makes use of moving averages, it usually lags behind price. You cannot eliminate lag completely, but one way of working around this is by adding a component of the price/MA difference back to MA. This technique is called Zero-lag (well, almost). "MACD Leader" makes use of this to form a leading signal to MACD .

First proposed by Giorgos E. Siligardos, "Leader" leads normal MACD , especially when significant trend changes are about to take place. This has the following features:
- It is similar to MACD in smoothness.
- It can be plotted along with MACD in the same window using the same scaling.
- It has the ability to lead MACD at critical situations

For detailed discussion on the various divergence patterns, refer to the PDF I have linked in the "More Info" below.

I have provided an option to plot MACD and MACD signal on the same pane. You can enable/disable them via options page.

For Pinescript coders: Try enabling histo on this to compare with normal MACD histo :)

List of my other indicators:
```//
// @author LazyBear
// List of all my indicators:
//
src=close
shortLength = input(12, title="Fast Length")
longLength = input(26, title="Slow Length")
sigLength = input(9, title="Signal Length")
showMACD=input(false)
showMACDSignal=input(false)
ma(s,l) => ema(s,l)
sema = ma( src, shortLength )
lema = ma( src, longLength )
i1 = sema + ma( src - sema, shortLength )
i2 = lema + ma( src - lema, longLength )
macdl = i1 - i2
macd=sema-lema

hline(0)
plot(showMACD?macd:na, title="MACD", color=green)
plot(showMACDSignal?sma(macd, sigLength):na, title="Signal", color=red)
```
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

## Commenti

So have you found other indicators that are working better than the MACDL for divergence readings?
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QuantitativeExhaustion
I dont use MACDL. @submilares2 (user above) may have more input on this.
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Overlay Indicator that will help with rolling stocks
BB 20 Length 3 Standard Deviation + signs would be great on top of COG Channel
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QuantitativeExhaustion
COG Channel lags in rolling up/down moves.

Have noticed BB 20/3 does much better at detecting Sqz or Volatile moves.
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QuantitativeExhaustion

Another example
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thanks, LB
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Cool one- played with COG Channel and used MACD Leader on stoch indicator - a new breed :)great work as usual
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sublimares2
Looks really nice. +1
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Mr. Bear - Big fan of this. Seems to work very well when you lengthen the time periods out for longer term investing. I have one request. Can you add the option to make the leader line turn red when it crosses below the zero line and turn green when it crosses above. I actually turn off the other parts of the indicator and follow the leader line crossovers for ease. That would make these signals even more visual. Thanks for all the you do and add to the community !
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Can we do this as Volume Weighted MACD?
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