OPEN-SOURCE SCRIPT
Z-Score Mean Reversion (EURUSD)
Made by Laila
Works best on 1 min/5 min timeframe ( 68% winrate)
Z-Score Mean Reversion Indicator (EURUSD)
This Pine Script indicator identifies potential buy and sell opportunities based on Z-score mean reversion for the EUR/USD pair.
The Z-score is calculated by comparing the current price to its simple moving average (SMA), measured in terms of standard deviations. If the price deviates significantly from the average—either above or below—it may revert back toward the mean.
A buy signal is generated when the Z-score drops below -2, suggesting the price is abnormally low and may rise. A sell signal is triggered when the Z-score rises above +2, indicating the price is unusually high and may fall.
On the chart, the script plots the Z-score along with horizontal lines at +2, -2, and 0. Green and red arrows highlight potential buy and sell points based on these thresholds.
Works best on 1 min/5 min timeframe ( 68% winrate)
Z-Score Mean Reversion Indicator (EURUSD)
This Pine Script indicator identifies potential buy and sell opportunities based on Z-score mean reversion for the EUR/USD pair.
The Z-score is calculated by comparing the current price to its simple moving average (SMA), measured in terms of standard deviations. If the price deviates significantly from the average—either above or below—it may revert back toward the mean.
A buy signal is generated when the Z-score drops below -2, suggesting the price is abnormally low and may rise. A sell signal is triggered when the Z-score rises above +2, indicating the price is unusually high and may fall.
On the chart, the script plots the Z-score along with horizontal lines at +2, -2, and 0. Green and red arrows highlight potential buy and sell points based on these thresholds.
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。