Summary : Market price is simply a dance of liquidity to the specific market.
tl;dr: "Cash come-in, market moon; Cash go-out, market doom"
In Simple Language : Large changes in the money flow to an asset often mark local price extremia.
Academic paper:
Title: Z-Score(Slope(OBV)): An Efficient Indicator for Identifying Local Extremes in Asset Prices...
––––HISTORY & CREDITS 🏦
The VWAP VScore Daily indicator is inspired by the Simpler VSense used by Raghee Horner and John Carter. It is designed to help traders analyze and understand price behavior in relation to its standard deviation and distance from the Volume Weighted Average Price (VWAP).
🚨🚨🚨This indicator is a bundle with the Simpler VWAP VScore...
––––HISTORY & CREDITS 🏦
The VWAP VScore Intraday indicator is inspired by the Simpler VSense used by Raghee Horner and John Carter. It is designed to help traders analyze and understand price behavior in relation to its standard deviation and distance from the Volume Weighted Average Price (VWAP).
🚨🚨🚨This indicator is a bundle with the Simpler VWAP VScore...
This indicator creates a normalized consensus from a set of other indicators -- Chande Momentum Oscillator (CMO), Detrended Price Oscillator (DPO), Momentum (MOM), Rate of Change (RoC), Relative Strength Index (RSI), the True Strength Index (TSI) Value line, Volume Oscillator, and a normalized Z-score.
The consensus is created by giving ranged values to each...
The Capital Line Pack ( CLP ) indicator is a technical analysis tool that is designed to help traders and investors identify potential buying and selling opportunities in financial markets by using, inter alia, kernel regression methodoliges. It is a standalone indicator that can be placed on top of price chart displaying the Base MA, Capital Line and standard...
IMPORTANT: This script needs as much historic data as possible. Please run it on INDEX:BTCUSD , BNC:BLX or another chart of sufficient length.
MVRV
The MVRV (Market Value to Realised Value Ratio) simply divides bitcoins market cap by bitcoins realized market cap. This was previously impossible on Tradingview but has now been made possible thanks to...
Our new "Z Pack" indicator is a modified version of the traditional Bollinger Bands indicator, with a bunch of additional features what makes it a powerful tool that allows traders to make informed decisions based on the market's volatility and short-term trend.
The z-score of the Bollinger Bands indicator is a measure of how many standard deviations the current...
This is a band based on Z Score. What is Z Score? In layman's terms it's a method of finding outliers within a sequence of numbers. It's highly effective to quantify pump and dumps in the crypto market.
The middle line is a simple Exponential Moving Average, you can configure this with whatever period you prefer. It comes default with a period of 247 to...
The code uses the concept of mean reversion. Mean reversion suggests that price over a period of time reverts back to its statistical mean. In simple terms, it means if a price has drifted apart from the statistical mean, after a certain amount of time, it will revert back to its statistical mean. This drift is measured via z-score. When the z-score value is high,...
Library "normsinv"
Description:
Returns the inverse of the standard normal cumulative distribution.
The distribution has a mean of zero and a standard deviation of one; i.e.,
normsinv seeks that value z such that a normal distribtuion of mean of zero
and standard deviation one is equal to the input probability.
Reference:
github.com
normsinv(y0)...
This script helps assess the relative returns of each leg in a two-legged spread. It shows the z-score of each period's returns, along with a moving average of the difference between the two returns. A negative moving average implies that the second leg is strengthening, on a relative return basis, against the first leg, and vice versa. The inputs are:
-...
Last month I published an improved z-score script that goes underneath your chart, which helps to highlight overbought or oversold regimes. It is customizable, and allows changing the periods, whether smoothing capability is desired, whether to use simple or exponential moving averages, and which data source to use (open, high, low, close, ohlc4).
Some...
This indicator visualizes in a straight forward way the distance price is away from the mean in absolute standard deviations (Z-score) over a certain lookback period (can be configured). Additionally I've included a moving average of the distance, the MA type can be configured in the settings.
Personally using this indicator for some of my algo mean reversion...
This indicator colors the candles according to the z-score of the trading volume. You can easily see the imbalance on the chart. You can use it at any timeframe.
In statistics, the standard score (Z-score) is the number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is...
Basic z score with High and Low bands.
If z is positive = uptrend.
If z is negative = downtrend.
If z > +3 or z < -3 = reverse is possible.
H lines can act as a support/resistance.
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is...
This script was created to help me visualize the location of price within all main 7 averages at once (5,10,20,50,100,200,400)
It uses the Z Score function which basically tells you the distance between Price and a certain average in units of Standard Deviation.
If the indicator has a value above 0, it means price is currently trading above such average. If...
Alpha Trading Volatility Z-SCORE (AVZ)
Alpha Trading is a community built by traders, for traders. The development of our indicators follows this same premise. We make indicators that make trading more efficient. We are proud to bring you the Alpha Trading Volatility Z-Score (AVZ).
A Z-score is a numerical measurement that describes a value's relationship to the...
The Kolmogorov–Smirnov test aims to tell you if the distribution of prices (or log returns) tends to follow a normal distribution or not. You can read about this test on Wikipedia . It seems to be a basic but trusted measure in the quantitative trading world.
When KS-t columns are blue, then it's safe to assume normal distribution. When they are red, the normal...
![TSLA: [TTI]Simpler VWAP VScore Daily](https://s3.tradingview.com/d/DXTcpXJ6_mid.png "[TTI]Simpler VWAP VScore Daily")
![OXY: [TTI] Simpler VWAP VScore Intraday](https://s3.tradingview.com/w/WoUKJGaw_mid.png "[TTI] Simpler VWAP VScore Intraday")
![KNCPERP: [Sidders]Std. Deviation from Mean/MA (Z-score)](https://s3.tradingview.com/5/5Z5K1eVP_mid.png "[Sidders]Std. Deviation from Mean/MA (Z-score)")
![BTCPERP: Candle Colored by Volume Z-score [Morty]](https://s3.tradingview.com/0/0KInGMjR_mid.png "Candle Colored by Volume Z-score [Morty]")
