OPEN-SOURCE SCRIPT
Improved Z-Score
Standard Z-Score scripts lack customization of parameters that I personally desire when doing quantitative analysis. This is an improved Z-Score Indicator to add to your charts that lets you customize various inputs.
Below are the current features:
1) Ticker Type - which data would you like to use for the ticker input - Open, High, Low, Close, OHLC4
2) Ticker Smoothing? - sometimes if you have noisy data, it could be useful to smooth the ticker with a very fast EMA. If this is set to true, the ticker data will be smoothed with an EMA with period that you specify.
3) Ticker Smoothing Period - if Ticker Smoothing? is set to true, this will allow you to specify the smoothing period of the fast EMA - I usually use a 3-period for all of my quantitative analysis, if I am using smoothing.
4) MA Type - Z-Scores are normalized by subtracting a moving average. This allows you to select either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) - the standard is to use SMA.
5) MA Period - the previous X number of bars that you would like to use for normalization. The default is set to 21 (this is roughly 1 month of trading days data for a daily chart).
5) Standard Deviation Period - Z-Scores are normalized by dividing by the standard deviation over X previous periods. This allows you the chance to customize. Default is 252 (this is roughly 1 year of trading days data for a daily chart).
I can add more features if folks are interested, let me know! I hope you like the script.
Best regards,
-Jim Bosse-
Below are the current features:
1) Ticker Type - which data would you like to use for the ticker input - Open, High, Low, Close, OHLC4
2) Ticker Smoothing? - sometimes if you have noisy data, it could be useful to smooth the ticker with a very fast EMA. If this is set to true, the ticker data will be smoothed with an EMA with period that you specify.
3) Ticker Smoothing Period - if Ticker Smoothing? is set to true, this will allow you to specify the smoothing period of the fast EMA - I usually use a 3-period for all of my quantitative analysis, if I am using smoothing.
4) MA Type - Z-Scores are normalized by subtracting a moving average. This allows you to select either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) - the standard is to use SMA.
5) MA Period - the previous X number of bars that you would like to use for normalization. The default is set to 21 (this is roughly 1 month of trading days data for a daily chart).
5) Standard Deviation Period - Z-Scores are normalized by dividing by the standard deviation over X previous periods. This allows you the chance to customize. Default is 252 (this is roughly 1 year of trading days data for a daily chart).
I can add more features if folks are interested, let me know! I hope you like the script.
Best regards,
-Jim Bosse-
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
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