OPEN-SOURCE SCRIPT
Asset Valuation Comparison
This indicator calculates and visualizes z-scores to compare the valuation of an asset (the charted symbol) against gold, bonds, and either its own price or USD (depending on the isCurrency input). A z-score measures how many standard deviations a value is from its mean over a specified lookback period (default: 200 bars).
Horizontal Lines:
0 (Zero Line): The mean value of the z-score.
+1 (Overvalued Threshold): One standard deviation above the mean.
-1 (Undervalued Threshold): One standard deviation below the mean.
Horizontal Lines:
0 (Zero Line): The mean value of the z-score.
+1 (Overvalued Threshold): One standard deviation above the mean.
-1 (Undervalued Threshold): One standard deviation below the mean.
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