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Z-Score

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ZScore is a statistical function that indicates the number of standard deviation an item is above or below the average.

Syntax:
ZScore ( series, bars )

Parameter:	Description:
series	Name of data series
bars	Number of bars over which to find the Z-Score value.

Returns:
Z-score value.

Example:
' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ' Update Indicators Script ' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ' Bar_ Count = 21 - Parameter - Lookback enabled ' Calculates Number of Std. Deviation Above & Below Averag ZScoreClose = ZScore( instrument.close, Bar_Count) ' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OR:
Chart Display: Z-Score indicator values at each price change location.

Example:

' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
' Update Indicators Script
' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
' Bar_ Count = 21 - Parameter - Lookback enabled
' Calculates Number of Std. Deviation Above & Below Averag
ZScoreClose = ZScore( instrument.close, Bar_Count)
' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

OR:

ZScore_Close_AD_21-Bar_Dialog

Chart Display:

Z-Score indicator values at each price change location.

Links:

See Also:

Edit Time: 9/26/2020 1:32:06 PM

Topic ID#: 657

Z-Score

Syntax:

Parameter:

Description:

Returns:

Example:

Links:

See Also: