Price Zone Oscillator – Download PZO For Amibroker

Download Price Zone Oscillator For Amibroker

Walid Khalil and David Steckler offered a brand new oscillator that gives higher steerage to buying and selling ranges for securities: the associated fee zone oscillator (Pzo).

The method for Pzo relies on just one situation: If nowadays’s closing worth is better than the day past’s closing worth, then the closing worth can have a good price (bullish); in any other case it’ll have a bad price (bearish).

Value zone oscillator = one hundred x (CP/TC)

the place:

CP (Closing place) = X-days Ema (± shut)

and

TC (Complete shut) = X-days Ema (shut)

Value zone oscillator has overbought and oversold ranges. It turns out to be useful for choosing at which zone (bullish or bearish) worth is put. Pzo comes in handy in uptrends, downtrends, or sideways market stipulations.

The cost crossing the 60-day exponential shifting average (Ema) is the determinant between bullish (above the Ema) and bearish (under the Ema) prerequisites. When the 14-day average directional motion index (Adx) is under 18, the motion is thought to be to be sideways despite whether or not value is above or beneath the Ema. Please assessment the day by day chart in of Nifty future with Pzo.

Price Zone Oscillator

We are sharing a nice Amibroker afl code for this price zone oscillator on charts. A simple buy sell logic has also been attached to it considering the ADX and PZO. You can freely download and use the price zone oscillator afl by clicking the button below. You need an account in Facebook to download this file.

You can immediately see the PZO on your Amibroker charting software. You may distribute this Amibroker formula to your friends, but do not forget them to refer them to our site. Your comments and thoughts below this post will be highly appreciated to take this discussion on PZO to a greater height.

Author Bio

Indrajit Mukherjee

Indrajit is a professional blogger and Trading System developer, Amibroker expert, Wordpress expert, SEO expert and Stock market analyst. Trading since 2000, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.

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