OPEN-SOURCE SCRIPT
Improved Z-Score Overlay
Last month I published an improved z-score script that goes underneath your chart, which helps to highlight overbought or oversold regimes. It is customizable, and allows changing the periods, whether smoothing capability is desired, whether to use simple or exponential moving averages, and which data source to use (open, high, low, close, ohlc4).
Some individuals may find that it is most useful not only to have the z-score visible underneath their price chart, but have the sigma values clearly visible on the chart itself to determine overbought or oversold levels.
Therefore, this improved z-score overlay script will place the centerline of price on the chart, and +3/+2/+1/0/-1/-2/-3 sigma.
These can be disabled if some values do not want to be shown, and the colors / opacity can be changed.
Additionally, you could also put this into a new pane below your chart and disable all of the +3 to -3 sigma values, and enable the "Z-Score" button. This will allow you to replicate the original Improved Z-Score Script.
If anyone has questions or would like to have any improvements made, let me know :)
- Jim Bosse
Some individuals may find that it is most useful not only to have the z-score visible underneath their price chart, but have the sigma values clearly visible on the chart itself to determine overbought or oversold levels.
Therefore, this improved z-score overlay script will place the centerline of price on the chart, and +3/+2/+1/0/-1/-2/-3 sigma.
These can be disabled if some values do not want to be shown, and the colors / opacity can be changed.
Additionally, you could also put this into a new pane below your chart and disable all of the +3 to -3 sigma values, and enable the "Z-Score" button. This will allow you to replicate the original Improved Z-Score Script.
If anyone has questions or would like to have any improvements made, let me know :)
- Jim Bosse
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.