The Aggregate Z-score indicator is a vertex fx local script useful --- determination of end of trends and change in direction.The Aggregate Z-score indicator is comprised of three parts - the fast moving average and standard deviation component, the slow moving average and deviation component and finally the Z-score component which is calculated from the first two. The difference between the closing price and the average is divided by the standard deviation --- both the longer and shorter durations. The is the Z-score. The aggregate Z-score is calculated by subtracting the faster Z-score from the slower Z-score. When the indicator value rises above zero, LONG trades can be considered in confirmation with other indicators. Value below zero suggest bearish direction and SHORT trades can be considered.
Reversals from extremes are also useful --- early detection of change in trends.
USER INPUTS :
a) FAST_PERIOD : The faster period over which to calculate the MA and standard deviation.
b) SLOW_PERIOD : The slower period over which to calculate the MA and standard deviation.
Reversals from extremes are also useful --- early detection of change in trends.
USER INPUTS :
a) FAST_PERIOD : The faster period over which to calculate the MA and standard deviation.
b) SLOW_PERIOD : The slower period over which to calculate the MA and standard deviation.
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