Dynamic zone elasticity

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11/12/2020 at 4:56 PM #150311 quote

Monochrome

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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