FXCodeBase.COM: Forex Chart Indicators and Development

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.





The indicator was revised and updated

As Bonus i have write Z Score Price Normalization indicator.


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.

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

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...

Your request is added to the developmental cue.

Thanks so much!

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

Two Currency ZScore


TCZ = First Currency Zscore - Second Currency Zscore

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

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

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