ZPF - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
ZPF (Zero Point Force) - Zero point force indicator. It shows market sentiment.
It has six configurable parameters:
ZPF = Vol * (FastMA - SlowMA) / 2
Where:
Vol = MA (trading volume, trading volume smoothing period, trading volume smoothing method) FastMA = MA(closing price, fast MA period, fast MA method) SlowMA= MA (closing price, slow MA period, slow MA method)
If the +ZP Force line has a positive value, it means that bullish sentiment dominates the market. If the value is negative, it is bearish.
For line-ZP Force, the reverse is also true: positive values mean bearish climate, negative values mean bullish climate.
Attachment download
📎 zpf.mq5 (12.35 KB)
Source: MQL5 #21172
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