OPEN-SOURCE SCRIPT
MAC-Z [ChuckBanger]
Here I show the relationship between the MACD and Z-Score in a indicator called MAC-Z. MACD is short for moving average convergence/divergence and is in it self showing the relationship between two EMA. The Z-Score in contrast is related to Bollinger Bands and in MAC-Z the Z-score is the difference between the current price and a moving average divided by the standard deviation of price over the same time period.
MAC-Z has its best use in the short term time frames in my opinion compared to MACD. Here i show from current time of writing how effective it is.
More info on MAC-Z:
cssanalytics.wordpress.com/2010/05/11/the-relationship-between-the-macd-and-z-score-creating-the-mac-z-score/
Also take a look at MACD Leader:
![MACD Leader [ChuckBanger]](https://s3.tradingview.com/0/0yU3V6mL_mid.png)
MAC-Z has its best use in the short term time frames in my opinion compared to MACD. Here i show from current time of writing how effective it is.
More info on MAC-Z:
cssanalytics.wordpress.com/2010/05/11/the-relationship-between-the-macd-and-z-score-creating-the-mac-z-score/
Also take a look at MACD Leader:
Skrip open-source
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BTC: 3EV8QGKK689kToo1r8pZJXbWDqzyJQtHy6
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BTC: 3EV8QGKK689kToo1r8pZJXbWDqzyJQtHy6
LTC: LRAikFVtnqY2ScJUR2ETJSG4w9t8LcmSdh
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