Stock Portfolio Organizer
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#1 Selling Amibroker Plugin featuring:
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
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;
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;
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