LSMA Z-Score
Main Features and Use in the Trading Strategy
- The indicator normalizes the LSMA into a detrended Z-Score, creating an oscillator with standard deviation levels to indicate trend strength.
- Adaptive coloring highlights the rate of change and potential reversals, with different colors for positive and negative changes above and below the...
The use of the Double Exponential Moving Average (DEMA) within your Adjusted Average True Range (ATR) calculation serves as a cornerstone for enhancing the indicator's responsiveness to market changes. To delve deeper into why DEMA is employed specifically in the context of your ATR calculation, let's explore the inherent qualities of DEMA and its impact on the...
— Overview
Like traditional candles, session based candles are a visualization of open, high, low and close values, but based on session time periods instead of typical timeframes such as daily or weekly. Session candles are formed by fetching price at session start (open), highest price during session (high), lowest price during session (low) and price at...
![WTC: LSMA Z-Score [BackQuant]](https://s3.tradingview.com/t/TK5wPSVX_mid.png "LSMA Z-Score [BackQuant]")
![GOLD: DEMA Adjusted Average True Range [BackQuant]](https://s3.tradingview.com/f/FqwJYrJP_mid.png "DEMA Adjusted Average True Range [BackQuant]")
