ZPF (Zero Point Force) – zero point force indicator. It displays the market climate.
It has six configurable parameters:
Fast MA period – fast MA calculation period;
Fast MA method – fast MA calculation method;
Slow MA period – slow MA calculation period;
Slow MA method – slow MA calculation method;
Volume smoothing period – volume data smoothing period;
Volume smoothing method – volume data smoothing method.
Calculations:
ZPF = Vol * (FastMA - SlowMA) / 2
where:
Vol = MA(Volume, Volume smoothing period, Volume smoothing method)
FastMA = MA(Close, Fast MA period, Fast MA method)
SlowMA= MA(Close, Slow MA period, Slow MA method)
If line +ZP Force has positive values, it means that bullish climate predominates on the market. If the values are negative, it is bearish.
