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VWAP Z-Score Oscillator + Scaled Table

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VWAP Z-Score Oscillator + Scaled Table

This indicator calculates the Z-Score of the VWAP (Volume Weighted Average Price) based on your chosen source price and reset period (Session, Week, Month, Quarter, or Year).

The Z-Score represents how many standard deviations the current price is from the VWAP, visualized as an oscillator oscillating between ±3 sigma levels. The indicator also features three standard deviation bands for easy reference.

To enhance readability, a scaled Z-Score is displayed in a clean, minimalistic table on the top right of the indicator panel. This score is linearly capped between -2 and +2, mapping the raw Z-Score values with limits at ±3 sigma for clarity and quick assessment.

Use this tool to identify extreme deviations from the VWAP, which may signal potential reversals or continuation of price trends.

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