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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
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 | /*-----------------------------------------------------------MTR Investors Group - www.MTRIG.comStatistical 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 - Referencehttp://blog.mtrig.com/mtrig/blog/page/Z-Score-Indicator.aspxZ-Score Trader's Notebook Articlehttp://premium.working-money.com/wm/display.asp?art=344AMIBroker forumula on Traders.comhttp://www.traders.com/Documentation/FEEDbk_docs/Archive/022003/TradersTips/TradersTips.htmlZ-Score in Wikipediahttp://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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