Dynamic zone elasticity

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  • 11/12/2020 at 4:56 PM #150311 quote
    Monochrome
    Participant
    Senior

    Dynamic Zone Elasticity

    I cant seem to make this work in prooder.

    //DYNAMIC ZONE ELASTICITY///
once smoothing = max(1, smoothing+1)
once period = max(1, Period)

// Coeficient, change if required
once coef = 0.8

// Signal line
x = std[Period](close)
signam = 1 + (-1* ( ((average[period](close) + (x*2)) - close) / x ) / 2)

// Dynamic Zones
sq    = square(signam)
mean  = average[period](signam)
vsqrt = sqrt( average[period](sq) - square(mean) )

//top = mean + coef * vsqrt
btm = mean - coef * vsqrt

result = average[smoothing](signam)
////////////////////////////////////

buycond = result crosses over btm

if  buycond  then
buy 1 contract at market
set stop %loss 1
set target %profit 1
endif

graph buycond

    Please can someone tell me what im missing?

    Thanks in advance

    11/12/2020 at 5:06 PM #150316 quote
    Monochrome
    Participant
    Senior

    Found it. I copied from the indicator settings and missed the period and smoothing.

    I still want to discuss this indicator since i cant find a forum post about it.

    It seems great for scalping. Maybe needs another indicator for confirmation.

    If i find something that works ill post it here.

    GraHal and nonetheless thanked this post
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Dynamic zone elasticity


ProOrder: Automated Strategies & Backtesting

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Monochrome @monochrome Participant
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This topic contains 1 reply,
has 1 voice, and was last updated by Monochrome
5 years, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/12/2020
Status: Active
Attachments: No files
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