STDEMA Z-Score

31 oct

STDEMA Z-Score Indicator

Overview

The STDEMA Z-Score Indicator provides a statistical approach to understanding price movements relative to its trend, using the Standard Deviation Exponential Moving Average (StdEMA) and Z-Score calculations.

Key Features

• Z-Score Calculation: The Z-Score measures how far the current price deviates from its StdEMA, providing insight into whether the price is statistically overbought or oversold.
  
  
• EMA of Z-Score: This smooths the Z-Score for easier interpretation and signals potential reversals or continuation patterns.
  
  
• Customizable Inputs: Users can easily adjust the EMA length, standard deviation multiplier, and smoothing length to fit their trading style and market conditions.
  
  

How to Use

• Buy Signals: Look for the Z-Score EMA to cross above the 0 line, indicating potential bullish momentum.
  
  
• Sell Signals: Watch for the Z-Score EMA to cross below the 0 line, suggesting potential bearish momentum.