PROTECTED SOURCE SCRIPT
LiZ_Prediction_Model
📌 LiZ Prediction Model (v6)
The LiZ Prediction Model is designed to highlight potential turning points in price based Z-Score deviations.
🔑 How it works:
A 20-period LiZ is calculated (trend reference).
A Z-Score is computed to measure how far price deviates from the LiZ (standardized by volatility).
When price forms a high or low and the Z-Score at that point is beyond a threshold (±1.0 by default), a label is plotted:
🔴 Red label above pivots = Overextended high (possible reversal zone).
🟢 Green label below pivots = Oversold low (possible reversal zone).
On the latest candle, the current Z-Score is also displayed if it crosses the threshold:
🟠 Orange down label = Price stretched to the upside.
🟣 Purple up label = Price stretched to the downside.
📊 Purpose:
This model helps traders quickly identify when price is statistically stretched relative to its short-term trend, and whether a level aligns with an extreme deviation, which can act as a potential reversal or exhaustion point.
⚠️ Note:
This is an analytical tool — not a standalone buy/sell system. Always combine with market structure, volume, and risk management. No guarantee of profit or loss is possible in any trading system, so do your own research and take own trading decision by your own. This is not a sure-fire means of beating the market.
The LiZ Prediction Model is designed to highlight potential turning points in price based Z-Score deviations.
🔑 How it works:
A 20-period LiZ is calculated (trend reference).
A Z-Score is computed to measure how far price deviates from the LiZ (standardized by volatility).
When price forms a high or low and the Z-Score at that point is beyond a threshold (±1.0 by default), a label is plotted:
🔴 Red label above pivots = Overextended high (possible reversal zone).
🟢 Green label below pivots = Oversold low (possible reversal zone).
On the latest candle, the current Z-Score is also displayed if it crosses the threshold:
🟠 Orange down label = Price stretched to the upside.
🟣 Purple up label = Price stretched to the downside.
📊 Purpose:
This model helps traders quickly identify when price is statistically stretched relative to its short-term trend, and whether a level aligns with an extreme deviation, which can act as a potential reversal or exhaustion point.
⚠️ Note:
This is an analytical tool — not a standalone buy/sell system. Always combine with market structure, volume, and risk management. No guarantee of profit or loss is possible in any trading system, so do your own research and take own trading decision by your own. This is not a sure-fire means of beating the market.
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.