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Price Zone Oscillator for Amibroker (AFL)
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_SECTION_BEGIN("Price_Zone_Oscillator");
// PZO indicator - www.stockmaniacs.net
function PZOsc( Period )
{
R = sign( Close - Ref( Close, -1 ) ) * Close;
VP = EMA( R, Period );
TV = EMA( Close, Period );
return Nz( 100 * VP / TV );
}
Period = Param( "PZO period", 14, 2 , 200 );
PZO = PZOsc( Period );
Plot( PZO, "PZO" + _PARAM_VALUES(), colorBlue, styleThick );
// grid lines
PlotGrid( 60 );
Plot( 40, "", colorDarkGreen );
PlotGrid( 15 );
Plot( 0, "", colorBlack );
PlotGrid( -5 );
Plot( -40, "", colorBrown );
PlotGrid( -60 );
// system rules
Buy = ADX(14) < 18 AND ( Cross( PZO, -40 ) OR Cross( PZO, 15 ) );
Sell = ( Cross( PZO, 40 ) AND ADX( 14 ) > 18 ) OR Cross( -5, PZO );
Short = ADX(14) < 18 AND ( Cross( 40, PZO ) OR Cross( -5, PZO ) );
Cover = ( Cross( -40, PZO ) AND ADX( 14 ) > 18 ) OR Cross( PZO, 15 );
_SECTION_END();