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FX Multi ZScore Plot

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This script was created to help me visualize the location of price within all main 7 averages at once (5,10,20,50,100,200,400)

It uses the Z Score function which basically tells you the distance between Price and a certain average in units of Standard Deviation.

If the indicator has a value above 0, it means price is currently trading above such average. If below 0, price is trading below.

By plotting all averages you have a wider view of where price is trading short, medium and long term.

If you have any questions/suggestions feel free to add a comment below

Nota Keluaran
Update: Just made some changes so that the indicator can be applied to any symbol regardless of market.

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.