Cumulative distribution function (tScore and zScore) This script provides the calculation of the cumulative distribution function (i.e., probability). The measure allows you to calculate the chances of a value of interest being above or below a hypothesized value over the measurement period—nothing fancy here, just good old statistics and mathematics. The closer...
Creates a Histogram for Statistical Analysis of any source. Input Parameters: Sample Source: Select your source here, can be any numerical source. Sample Period: Sample size for Mean and Standard Deviation Calculations. Enable Cumulative Mode: Will attempt to calculate the bin for every sample in the entire dataset. Window Period: Used only in Window Mode...
**THIS VERSION HAS BEEN STANDARDIZED WITH A Z SCORE CALCULATION AND ALLOWS THE USER TO SELECT WHICH MOVING AVERAGE THEY WOULD LIKE TO UTILIZE FOR THE SIGNAL LINE** Chart shows the Non-Standardized Enhanced Time Segmented Volume (Multi MA) with default settings on top and the Standardized version with default settings on the bottom. Time Segmented Volume was...
This is a study to determine if small candle bodies (little difference between open and close), regardless of overall candle length (high/low), can be used to filter choppy markets. The indicator will calculate the selected average "MA Mode" of (close-open). To standardize this result and ensure any filters/thresholds do not need to be recalculated for each...
Has alerts for the TD 9 function, also the black is Z score and blue is STD Dev Also the moon functionality of Ichimoonku is built into this as well because sometimes I just want to see the cycles of moon with TD9 ; see that script (Ichimoonku) for more info on moon functionality. Much love Enjoy GL HF xoxo Snoop
Middle quantile/band color is set by confluence of the outer quantiles and not by it's own slope. Optional MTF.
Study version of the Profit Z strategy. Generates signals based on price and volume Z-Scores. We updated this version to include more alerts, volume Z-scores, and an easily-adjustable stop-loss.
EXPERIMENTAL: market state, text says it all most of the time at least.
This study calculates the On-Balance Volume (OBV) and displays it in terms of its Z-Score. OBV is a great momentum indicator . As the name suggests, OBV predicts changes in price based on the security's volume flow. Formula: if (Current Price > Previous Price) then Current OBV = Previous OBV + Current Volume if (Current Price < Previous Price) then...
Function for standardization or zScore.
This is an experimental study using z scores of multiple sampling periods to analyze price trends. Z score measures the number of standard deviations price is from its mean. In this study, z scores are calculated over a Fibonacci sequence of sampling periods from 3 to 4181. The scores are then averaged with equal weighting, resulting in a display of long term...
A Z-score is a numerical measurement of a value's relationship to the mean in a group of values. If a Z-score is 0, it represents the score as identical to the mean score. Z-scores may also be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean. Positive and negative scores also...
This calculates normal distance of price from VWAP. This is a mean reverting idea (something like ZScore), but using both "volume" and "close". Useful for finding OB/OS areas and potential turning points. Complete list of my indicators: