OPEN-SOURCE SCRIPT
[Sidders]Std. Deviation from Mean/MA (Z-score)
Diupdate
This indicator visualizes in a straight forward way the distance price is away from the mean in absolute standard deviations (Z-score) over a certain lookback period (can be configured). Additionally I've included a moving average of the distance, the MA type can be configured in the settings.
Personally using this indicator for some of my algo mean reversion strategies. Price reaching the extreme treshold (can be configured in settings, standard is 3) could be seen as a point where price will revert to the mean.
I've included alerts for when price crosses into extreme areas, as well as alerts for when crosses back into 'normal' territory again. Both are also plotted on the indicator through background coloring/shapes.
Since I've learned so much from other developers I've decided to open source the code. Let me know if you have any ideas on how to improve, I'll see if I can implement them.
Enjoy!
Personally using this indicator for some of my algo mean reversion strategies. Price reaching the extreme treshold (can be configured in settings, standard is 3) could be seen as a point where price will revert to the mean.
I've included alerts for when price crosses into extreme areas, as well as alerts for when crosses back into 'normal' territory again. Both are also plotted on the indicator through background coloring/shapes.
Since I've learned so much from other developers I've decided to open source the code. Let me know if you have any ideas on how to improve, I'll see if I can implement them.
Enjoy!
Catatan Rilis
- Updated to Pine v5
- Line now colors red/lime if Z-score is above/below treshold to increase visibility
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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