The ZPF (Zero Point Force) indicator is your go-to tool for gauging market conditions. It provides insights into whether the market is leaning bullish or bearish.
This powerful indicator comes with six customizable settings:
- Fast MA Period: This controls the calculation period for the fast moving average;
- Fast MA Method: Choose the method for calculating the fast moving average;
- Slow MA Period: This sets the calculation period for the slow moving average;
- Slow MA Method: Select the method for the slow moving average calculation;
- Volume Smoothing Period: Adjusts the period for smoothing volume data;
- Volume Smoothing Method: Determines how volume data will be smoothed.
Calculating ZPF:
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)
When the +ZP Force line shows positive values, it indicates a bullish market environment. Conversely, negative values suggest a bearish sentiment.
For the -ZP Force line, the interpretation flips: Positive values indicate a bearish market, while negative values signify bullish conditions.
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