Indicator APZ (Adaptive Price Zone) represents an adaptive price channel. The indicator was described in article "Trading With An Adaptive Price Zone" by Lee Leibfarth in "Stocks and Commodity" in September, 2006.
It has four configurable parameters:
- Period - calculation period;
- Applied price - the calculation price;
- Method - calculation method;
- Width - channel width.
Calculation:
Up = MA1 + Width * MA2 Dn = MA1 - Width * MA2
where:
MA1 = MA(Applied price, Period, Method) MA2 = MA(Range, Period, Method) Range = High-Low
