ZScore

[Apprentice]

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 1312 times

ZScore with Alert.lua

(12.74 KiB) Downloaded 809 times

The indicator was revised and updated

[Apprentice]

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.

Z Score Price Normalization.lua

(3.85 KiB) Downloaded 1180 times

[leah123]

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

[AlbertoFX]

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...

[Apprentice]

Your request is added to the developmental cue.

[AlbertoFX]

Thanks so much!

Your request is added to the developmental cue.

[Apprentice]

Two Currency ZScore

TCZ = First Currency Zscore - Second Currency Zscore

Two Currency ZScore.lua

(11.14 KiB) Downloaded 931 times

[Alexander.Gettinger]

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

[Coondawg71]

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

[Apprentice]

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