OPEN-SOURCE SCRIPT
*2.2 Aggregated (Raw Z-scores with MA)
***To be used with other 2.2 indicator***
Key Indicators Used:
Oscillating Indicators: RSI, TSI, Stochastic, MACD, CCI, Vortex Indicator, Williams %R.
Perpetual Trend Indicators: EMA, ADX, Parabolic SAR, Supertrend, Donchian Channel, Ichimoku Cloud, RVGI.
How to Use the Indicator:
Raw Z-Score (Blue Line): This represents the real-time aggregated Z-score of all the indicators. It shows how far the current market conditions are from their average, helping you identify trends.
Moving Average of Z-Score (Orange Line): A smoothed version of the Z-score that helps confirm trends and eliminate noise.
Shaded Area: The area between the Z-score and its moving average is shaded green if the Z-score is above the moving average (bullish), and red if below the moving average (bearish).
Zero Line (Gray Line): Serves as a reference point. A Z-score crossing above zero could signal a bullish market, while crossing below zero could indicate bearish conditions.
This indicator helps in identifying market extremes and trend reversals by combining various technical indicators into a single aggregate score, ideal for spotting overbought or oversold conditions and possible trend shifts
Key Indicators Used:
Oscillating Indicators: RSI, TSI, Stochastic, MACD, CCI, Vortex Indicator, Williams %R.
Perpetual Trend Indicators: EMA, ADX, Parabolic SAR, Supertrend, Donchian Channel, Ichimoku Cloud, RVGI.
How to Use the Indicator:
Raw Z-Score (Blue Line): This represents the real-time aggregated Z-score of all the indicators. It shows how far the current market conditions are from their average, helping you identify trends.
Moving Average of Z-Score (Orange Line): A smoothed version of the Z-score that helps confirm trends and eliminate noise.
Shaded Area: The area between the Z-score and its moving average is shaded green if the Z-score is above the moving average (bullish), and red if below the moving average (bearish).
Zero Line (Gray Line): Serves as a reference point. A Z-score crossing above zero could signal a bullish market, while crossing below zero could indicate bearish conditions.
This indicator helps in identifying market extremes and trend reversals by combining various technical indicators into a single aggregate score, ideal for spotting overbought or oversold conditions and possible trend shifts
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.