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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
z-distance form vwap for Amibroker (AFL)
calculates normal distance form vwap. Use to identify overstretch and possible turning points.
Screenshots
Similar Indicators / Formulas
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 | // Z distance from vwap function zvwap(pds) { mean = Sum ( V * C ,pds)/ Sum ( V ,pds); vwapsd = sqrt ( MA (( C -mean)^2, pds) ); zevwap=( C -mean)/Vwapsd; return zevwap; } Plot (zvwap(22), "z-dist vwap" , colorBlue , styleLine ); PlotGrid (0,1); PlotGrid (1,1); PlotGrid (2,1); PlotGrid (-1,1); PlotGrid (-2,1); |
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BRIEF EXPLANATION WILL BE MORE usefull.thanks