OPEN-SOURCE SCRIPT

Z-Score Delta

6 214
Heavily modified from Z Score by jwammo12

Compares the z-score of two assets, the onscreen one and the reference one configured. If you're familiar, you can think of it as Bollinger Band Percent of Onscreen Asset minus the Bollinger Band Percent of Reference Asset.

It's compared off a simple moving average, due to how standard deviation is calculated.

I view this a more literal meaning of relative strength.
Has the ability to offset or delay in time one to another.

TODO: add MAD and MAD/STD.DEV views
Not my greatest work, but it's functional.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.