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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
// 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