Adaptive Zones Indicator for Metastock
The adaptive price zone (APZ) is a technical indicator developed by Lee Leibfarth that was first described in the Technical Analysis of Stocks & Commodities (September, 2006 “Identify the Turning Point: Trading with an Adaptive Price Zone”). The adaptive price zone is a volatility based indicator that consists of bands placed over a price chart. The indicator is very useful in non-trending, choppy markets, the adaptive price zone indicator was created to help traders find potential turning points in the markets.
Screenshots
Files
Indicator / Formula
Copy & Paste Friendly
Per1:=Input("lookback",10,100,60);
Perc1:=Input("percent uband",.800,.999,.950);
Perc2:=Input("percent lband",1.01,1.2,1.05);
UB:=Ref((HHV(P,Per1)*Perc1),-1);
LB:=Ref((LLV(P,Per1)*Perc2),-1);
MB:=Ref((UB+LB)*.5,-1);
UB;
MB;
LB;Copy & Paste Friendly
Per1:=Input("lookback",10,100,60);
UB:=Ref((HHV(P,Per1)-Stdev(P,Per1)),-1);
LB:=Ref((LLV(P,Per1)+Stdev(P,Per1)),-1);
MB:=(UB+LB)*.5;
UB;
MB;
LB;0 comments
Leave Comment
Please login here to leave a comment.