OPEN-SOURCE SCRIPT
Foxy's Z-Score
Updated
Introducing Foxy's Z-Score Indicator, a powerful tool for identifying potential trend reversals and market anomalies. This indicator calculates the Z-Score of the closing price, which represents the number of standard deviations from the mean, providing valuable insights into the market's behavior.
Key Features:
Auto Length Selection: The script automatically selects the optimal length based on the selected timeframe, ensuring accurate calculations and relevant signals.
Customizable Length and Standard Deviations: Users can manually input their preferred length and standard deviation values, offering flexibility to adapt to various trading strategies and market conditions.
Visual Representation: The indicator plots the Z-Score line along with three horizontal lines representing the standard deviation values, making it easy to identify overbought and oversold conditions.
Multiple Timeframes: The indicator works seamlessly across different timeframes, allowing traders to analyze short-term and long-term trends.
By incorporating Foxy's Z-Score Indicator into your trading toolkit, you can enhance your ability to spot potential market reversals and make more informed trading decisions.
Key Features:
Auto Length Selection: The script automatically selects the optimal length based on the selected timeframe, ensuring accurate calculations and relevant signals.
Customizable Length and Standard Deviations: Users can manually input their preferred length and standard deviation values, offering flexibility to adapt to various trading strategies and market conditions.
Visual Representation: The indicator plots the Z-Score line along with three horizontal lines representing the standard deviation values, making it easy to identify overbought and oversold conditions.
Multiple Timeframes: The indicator works seamlessly across different timeframes, allowing traders to analyze short-term and long-term trends.
By incorporating Foxy's Z-Score Indicator into your trading toolkit, you can enhance your ability to spot potential market reversals and make more informed trading decisions.
Release Notes
Add Option to Smooth SourceRelease Notes
Add Multiple MA and Fix Default ParametersRelease Notes
Add DSMAOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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