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Z-Score Indicator

What it does:
Key Features:
Reference Lines:
How to use it:
- Calculates the Z-Score: (Current Price - Average Price) / Standard Deviation
- Plots the Z-Score in a separate panel below your main chart.
- Allows you to customize the Lookback Period (default is 30 bars) to suit your trading style and the asset's characteristics. A shorter period is more sensitive, while a longer period provides a smoother output.
Key Features:
- Clear Z-Score Line: Visualizes the current Z-Score value.
Reference Lines:
- Zero Line (Gray, Dotted): Indicates the price is at its average for the lookback period.
- +2 Standard Deviations (Red, Dotted): Highlights when the price is significantly above its recent average. Often interpreted as potentially overbought.
- -2 Standard Deviations (Red, Dotted): Highlights when the price is significantly below its recent average. Often interpreted as potentially oversold.
How to use it:
- Look for Z-Score values moving towards or beyond the +2 or -2 standard deviation lines. These extremes can signal that the price has moved unusually far from its mean and might be due for a reversion or a pause.
- Use it in conjunction with other indicators and your overall market analysis to make more informed trading decisions.
- Experiment with the "Lookback Period" setting to find what works best for different assets and timeframes.
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此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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。