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Z SCORE COLOR CODED for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker
Z SCORE INDICATOR COLOR CODED TO IDENTIFY EASILY OVER BOUGHT AND OVER SOLD..
Screenshots
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Indicator / Formula
Copy & Paste Friendly
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 | _SECTION_BEGIN("ZSCORE");periods = 20;ZScore = ( Close - MA( Close, periods ) ) / StDev( Close, periods );color = IIf( ZSCORE >=3.0, ColorRGB(255,0,0),IIf( ZSCORE >=2.75, ColorRGB(0,255,0),IIf( ZSCORE >=2.5, ColorRGB(0,0,255),IIf( ZSCORE >=2.25, ColorRGB(240,200,13),IIf( ZSCORE >=2,ColorRGB(255,22,160),IIf( ZSCORE >=0,ColorRGB(126,126,184),IIf( ZSCORE <=-3.0, ColorRGB(255,0,0),IIf( ZSCORE <=-2.75, ColorRGB(0,255,0),IIf( ZSCORE <=-2.5, ColorRGB(0,0,255),IIf( ZSCORE <=-2.25, ColorRGB(240,200,13),IIf( ZSCORE <=-2,ColorRGB(255,22,160),ColorRGB(126,126,184))))))))))));Plot( ZScore, "ZScore",color, ParamStyle("Style",styleHistogram |styleThick|styleNoTitle ,maskAll) );Plot(2, "2", colorBlueGrey,4096);Plot(0, "0", colorBlueGrey,4096 );Plot(-2, "-2", colorBlueGrey,4096);_SECTION_END(); |
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