The Z-score measures the currently analyzed value of selected data series relative to its mean, i.e., how many standard deviations away it is from it. The Z-score can be easily interpreted in this way:
If the Z-Score is 0, it means that the value of the data point is equal to the mean. If the Z-Score is 1.0, it means that the value is one standard deviation above the mean. If the Z-Score is -1.0, it means that the value is one standard deviation below the mean.
The indicator has one line:
- Z Score
Z Score has two configurable parameters:
- Applied Price – Type of Price used for indicator calculation
- Period – refers to the number of periods on which the modified moving average line is based.
Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts.
You can download the indicator and conditions here.
How to import custom blocks:
- Open the Algo Wizard in SQX
- Select Customize
- Select Custom Blocks
- Import Custom Blocks
- Save them
You can easily do your conditions in Custom blocks. More information you can find here:
In this module, you can also modify the custom blocks – change the periods, change the steps, etc.
How to import custom indicators to SQX:
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