Adaptive Price Zone Indicator
The APZ is a volatility based tool that works as channel in the main chart. It is highly efficient in sideways market, where narrowed gap between bands helps traders to find potential turning points in the markets. Since the APZ lines are not symmetrical, traders should maintain risks and money management for closing a trading position. Therefore this tool is not consistent to build a standalone expert advisor. However having a grasp of market volatility could serve as advancing extension to any existing strategy.