The paper overviews the latest development trends in direct filter approach (DFA) and applies DFA to construct three prototypical real-time zero-lag indicators for Latvian economy. The essence of DFA is to separately control for amplitude and phase shift errors. Such a filtering approach has never been implemented for Latvian data, and the resulting indicators show nice real-time properties. A particular application is construction of a light zero-lag monthly business cycle indicator for Latvia's GDP; such indicator might be welcome by macroeconomists.