OPEN-SOURCE SCRIPT
Improved Z-Score Overlay
Last month I published an improved z-score script that goes underneath your chart, which helps to highlight overbought or oversold regimes. It is customizable, and allows changing the periods, whether smoothing capability is desired, whether to use simple or exponential moving averages, and which data source to use (open, high, low, close, ohlc4).
Some individuals may find that it is most useful not only to have the z-score visible underneath their price chart, but have the sigma values clearly visible on the chart itself to determine overbought or oversold levels.
Therefore, this improved z-score overlay script will place the centerline of price on the chart, and +3/+2/+1/0/-1/-2/-3 sigma.
These can be disabled if some values do not want to be shown, and the colors / opacity can be changed.
Additionally, you could also put this into a new pane below your chart and disable all of the +3 to -3 sigma values, and enable the "Z-Score" button. This will allow you to replicate the original Improved Z-Score Script.
If anyone has questions or would like to have any improvements made, let me know :)
- Jim Bosse
Some individuals may find that it is most useful not only to have the z-score visible underneath their price chart, but have the sigma values clearly visible on the chart itself to determine overbought or oversold levels.
Therefore, this improved z-score overlay script will place the centerline of price on the chart, and +3/+2/+1/0/-1/-2/-3 sigma.
These can be disabled if some values do not want to be shown, and the colors / opacity can be changed.
Additionally, you could also put this into a new pane below your chart and disable all of the +3 to -3 sigma values, and enable the "Z-Score" button. This will allow you to replicate the original Improved Z-Score Script.
If anyone has questions or would like to have any improvements made, let me know :)
- Jim Bosse
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.