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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.
Indicator / Formula
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