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Views:: 4178
Rating:: (10)
Published:: 2018.07.13 15:23

ZPF.mq5 (12.35 KB) view

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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.

For line -ZP Force, it is vice versa: Positive values mean bearish climate, and negative ones mean bullish climate.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21172

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