| Name: |
Adaptive Price Zone |
| Description: |
Lee Leibfarth’s article, “Trading With An Adaptive Price Zone”, introduces a new technique for analyzing price action and finding key reversal points in the markets in order to point out valuable trading opportunities.
Tradecision requires two separate indicators to implement the idea presented in the article.
By using Indicator Builder, one can create the Adaptive Price Zone Lower Band and Adaptive Price Zone Upper Band indicators.
The following is the code for the above indicators.
Adaptive Price Zone Lower Band
Input
Price: "Price", Close;
Period: "Period", 20;
BandPc: "Band Percent", 2;
End_input
Var
Per := SquareRoot(Period); { Adaptive period }
Pr := Ema( Ema( Price, Per), Per);
HL := Ema( Ema( H-L, Per), Per);
End_var
return Pr – BandPc * HL;
Adaptive Price Zone Upper Band
Input
Price: "Price", Close;
Period: "Period", 20;
BandPc: "Band Percent", 2;
End_input
Var
Per := SquareRoot(Period); { Adaptive period }
Pr := Ema( Ema( Price, Per), Per);
HL := Ema( Ema( H-L, Per), Per);
End_var
return Pr + BandPc * HL;
|
| Function Name: |
AdaptivePriceZoneLowerBand ()
AdaptivePriceZoneUpperBand () |
Download to import into Tradecision. 
How to use this indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
|
