Z-score change
As a wise man once said that:
1. beginners think in $ change
2. intermediates think in % change
3. pros think in Z change
Here is the "Z-score change" indicator that calculates up/down moves normalized by standard deviation (volatility) displayed as bar chart with 1,2 and 3 stdev levels.
1. beginners think in $ change
2. intermediates think in % change
3. pros think in Z change
Here is the "Z-score change" indicator that calculates up/down moves normalized by standard deviation (volatility) displayed as bar chart with 1,2 and 3 stdev levels.
Versionsinformation:
Add reference doc., cleanup code and chart.
Versionsinformation:
More accurate calculation based on Investopedia's Z-score definition
Versionsinformation:
Clean up and update chart
Versionsinformation:
Add "Source" setting (default to "close" time series), remove "Gaps" setting