OPEN-SOURCE SCRIPT

Z-Score Indicator

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This script calculates the Z-Score to measure how many standard deviations the current price is from its mean (SMA). It is a classic tool for identifying statistical extremes and mean reversion opportunities.

Formula Z = (Close - Mean) / Standard Deviation

Visual Guide

Blue Line: The Z-Score value.

Red Dotted Lines (+/- 2): Statistical extremes.

> 2: Potentially Overbought.

< -2: Potentially Oversold.

Grey Dotted Line (0): The mean (fair value).

Settings

Lookback Period: Default is 30. Adjust to change sensitivity.

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.