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#1 Selling Amibroker Plugin featuring:
Z-Score Indicator for Amibroker (AFL)
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
Similar Indicators / Formulas
Indicator / Formula
/*----------------------------------------------------------- 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);
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