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Valuation Metric Indicator
The Valuation Metric Indicator provides a comprehensive tool for evaluating price dynamics in relation to a moving average and standard deviation. It combines the power of statistical analysis with clear visualizations to help traders assess market valuation levels and potential overbought or oversold conditions.
Key Features:
Z-Score Calculation:
Displays the Z-score of the price relative to the moving average, normalized by standard deviation.
Z-score is clamped within the range of -3 to +3 to focus on significant deviations.
Standard Deviation Bands:
Plots bands at 1x, 2x, and 3x standard deviations above and below the moving average.
Helps identify areas of extreme overvaluation or undervaluation.
Dynamic Valuation Table:
Displays the current Z-score and provides a textual assessment of the market's valuation:
Overvalued
Slightly Overvalued
Neutral
Slightly Undervalued
Undervalued
Background color dynamically changes based on the valuation.
Customizable Background Signals:
Optional background highlighting for "Top Signal" (overvaluation) and "Bottom Signal" (undervaluation).
Configurable Display:
Users can toggle the visibility of standard deviation bands and background signals to fit their preferences.
Color-Coded Visualization:
Uses gradient-based color coding for Z-scores and standard deviation bands, improving readability and decision-making.
The Valuation Metric Indicator provides a comprehensive tool for evaluating price dynamics in relation to a moving average and standard deviation. It combines the power of statistical analysis with clear visualizations to help traders assess market valuation levels and potential overbought or oversold conditions.
Key Features:
Z-Score Calculation:
Displays the Z-score of the price relative to the moving average, normalized by standard deviation.
Z-score is clamped within the range of -3 to +3 to focus on significant deviations.
Standard Deviation Bands:
Plots bands at 1x, 2x, and 3x standard deviations above and below the moving average.
Helps identify areas of extreme overvaluation or undervaluation.
Dynamic Valuation Table:
Displays the current Z-score and provides a textual assessment of the market's valuation:
Overvalued
Slightly Overvalued
Neutral
Slightly Undervalued
Undervalued
Background color dynamically changes based on the valuation.
Customizable Background Signals:
Optional background highlighting for "Top Signal" (overvaluation) and "Bottom Signal" (undervaluation).
Configurable Display:
Users can toggle the visibility of standard deviation bands and background signals to fit their preferences.
Color-Coded Visualization:
Uses gradient-based color coding for Z-scores and standard deviation bands, improving readability and decision-making.
Nota Keluaran
Complete over hall of the scriptCore Features:
Multi-Dimensional Inputs: Includes RSI, ROC, price deviation from Bollinger Bands, Sharpe Ratio, Sortino Ratio, Omega Ratio, MFI, CCI, Volatility, and a custom drawdown-adjusted performance measure (Crosby Ratio).
Z-Score Normalization: Each metric is converted into a Z-score based on user-defined lookback periods, facilitating comparability across heterogeneous scales.
Aggregated Composite Signal: The average of all non-null Z-scores provides a single, composite value to gauge overbought/oversold conditions or valuation anomalies.
Gradient Visualization: A color-coded histogram and table display dynamically reflect the composite Z-score level for intuitive visual analysis.
User Customization: Adjustable lengths and parameters for each input metric allow tailored optimization to different assets or timeframes.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.