ZScore

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ZScore

Postby Apprentice » Tue Nov 29, 2011 4:20 am

ZScore.png

ZScore = (Close - MVA of Close)/ Stdev of Close;

Z Scope basically translate the movement of Price within the Bollinger Bands,
to move within a fixed, deviation channel.
Every time B.B. touches the channel, Z Scope do the same thing.

ZScore.lua
(3.26 KiB) Downloaded 896 times


ZScore with Alert.lua
(12.74 KiB) Downloaded 397 times


The indicator was revised and updated
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Re: ZScore

Postby Apprentice » Tue Nov 29, 2011 5:46 am

Bonus.png

As Bonus i have write Z Score Price Normalization indicator.

2.png

It is interesting to observe the normalized price action.
While Price achieved, higher highs, lower lows,
but, normalized price, give the opposite indications,
suggesting a possible change in trend.
The difference between the indicators applied to the price and the normalized price is also interesting.

Z Score Price Normalization.lua
(3.85 KiB) Downloaded 778 times
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Re: ZScore

Postby leah123 » Tue Nov 29, 2011 7:27 pm

Thank you for the fast work. The price normalization part of the indicator works well with the double smooth stochastic. Excellent work. Thank You.
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Re: ZScore

Postby AlbertoFX » Tue Jan 03, 2012 10:46 am

Thanks so much for you support.
About ZCore, its fantastic, but, please. Can you make a zcore ( without normalize ) but show diference between 2 pairs.?
This mean if Zcore EURUSD = +2 and GBPUSD= -1 then the zcore total = +2 - (-1) = +3
I wish to see the diference above "zero" and below "zero".

Thanks...
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Re: ZScore

Postby Apprentice » Wed Jan 04, 2012 7:07 am

Your request is added to the developmental cue.
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Re: ZScore

Postby AlbertoFX » Wed Jan 04, 2012 12:55 pm

Thanks so much!


Apprentice wrote:Your request is added to the developmental cue.
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Re: ZScore

Postby Apprentice » Wed Jan 11, 2012 1:54 pm

Two Currency ZScore
Two Currency  ZScore.png


TCZ = First Currency Zscore - Second Currency Zscore

Two Currency ZScore.lua
(11.14 KiB) Downloaded 528 times
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Re: ZScore

Postby Alexander.Gettinger » Tue Jun 19, 2012 5:41 pm

MQL4 version of ZScore indicator: viewtopic.php?f=38&t=20398
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Re: ZScore

Postby Coondawg71 » Thu Nov 15, 2012 11:08 am

Can we please request an update to the Z Score NORMALIZED indicator. Please allow user to change the color of the price line. It would be beneficial in regards to correlation trading to differentiate the two pairs within the indicator. Otherwise, GREAT indicator!!! Nice job Apprentice.

Thanks,

sjc
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Z Score Normalized price line.png
color changes to Z Score Normalized indicator requested
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Re: ZScore

Postby Apprentice » Fri Nov 16, 2012 5:02 am

Can you post this indicator.
I have trouble finding this version.
All existing versions have style option.
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