Skip to main content

Z-Score Indicator for Amibroker (AFL)

kaiji over 16 years ago Amibroker (AFL)

  • Rating:
    5 / 5 (Votes 1)
  • Tags:
    oscillator, amibroker

Statistical Z-Score Indicator: Tracks how many standard
deviations the price is from the mean. Interesting to note that Z-Score and RSI follow a very similar path. Use the Z-Score as an oscillator.

For more information on this indicator see the links below.

MTRIG – Reference
http://blog.mtrig.com/mtrig/blog/page/Z-Score-Indicator.aspx

Z-Score Trader\’s Notebook Article
http://premium.working-money.com/wm/display.asp?art=344

AMIBroker forumula on Traders.com
http://www.traders.com/Documentation/FEEDbk_docs/Archive/022003/TradersTips/TradersTips.html

Z-Score in Wikipedia
http://en.wikipedia.org/wiki/Standard_score

By MTR Investors Group

Indicator / Formula

Copy & Paste Friendly
/*-----------------------------------------------------------
MTR Investors Group - www.MTRIG.com

Statistical Z-Score Indicator: Tracks how many standard 
deviations the price is from the mean.

For more information on this indicator see the links below.

MTRIG - Reference
http://blog.mtrig.com/mtrig/blog/page/Z-Score-Indicator.aspx

Z-Score Trader's Notebook Article
http://premium.working-money.com/wm/display.asp?art=344

AMIBroker forumula on Traders.com
http://www.traders.com/Documentation/FEEDbk_docs/Archive/022003/TradersTips/TradersTips.html

Z-Score in Wikipedia
http://en.wikipedia.org/wiki/Standard_score
-------------------------------------------------------------*/

periods = Param( "Period", 20, 1,3, 1);

ZScore = ( Close - MA( Close, periods ) ) / StDev( Close, periods );

Plot(ZScore, "Z-Score", colorDarkGrey );
Plot(2, "2", colorBlueGrey);
Plot(0, "0", colorBlueGrey );
Plot(-2, "-2", colorBlueGrey);

0 comments

Leave Comment

Please login here to leave a comment.