ADAPTIVE PRICE ZONE - APZ
A kind of technical indicator that assists the investors in identifying possible turning points in the market. The adaptive price zone (APZ) can be exceptionally useful in the event of sideways movement of the market. This indicator tries to beckon important price movements by rendering a set of bands based on double-smoothed, short-term exponential moving averages. It can provide assistance to day traders in gaining profit in volatile markets by beckoning price reversal points, which can signal potentially lucrative times to sell or buy. The APZ can be applied as a component of the automated trading systems.
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