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Rolling Z-Score
A simple statistical indicator that measures how far the current price is from its recent average, expressed in standard deviations (a "z-score"). It helps visualize when price is unusually stretched relative to its own recent behavior.
What it does
This indicator calculates a rolling z-score of price over a user-defined lookback window. The z-score expresses the current value as the number of standard deviations away from its rolling mean:
z = (price − rolling mean) / rolling standard deviation
A reading of 0 means price is exactly at its recent average. +2 means two standard deviations above average; −2 means two below. Values reset continuously as the rolling window moves.
How to read it
Near 0 → price is close to its recent mean
Above +2 → price is statistically stretched to the upside
Below −2 → price is statistically stretched to the downside
The dashed lines mark the ±2 reference levels; the center line marks the mean.
Inputs
Window length: the lookback period for the mean and standard deviation (default 20)
Source: the price series used (default close)
Important notes
A high or low z-score is not a buy or sell signal on its own. In a trending market, price can stay stretched (high or low z-score) for extended periods — an extreme reading can keep getting more extreme. This tool measures statistical deviation; it does not predict reversals. Use it as one input within a broader, tested framework, not as a standalone signal.
What it does
This indicator calculates a rolling z-score of price over a user-defined lookback window. The z-score expresses the current value as the number of standard deviations away from its rolling mean:
z = (price − rolling mean) / rolling standard deviation
A reading of 0 means price is exactly at its recent average. +2 means two standard deviations above average; −2 means two below. Values reset continuously as the rolling window moves.
How to read it
Near 0 → price is close to its recent mean
Above +2 → price is statistically stretched to the upside
Below −2 → price is statistically stretched to the downside
The dashed lines mark the ±2 reference levels; the center line marks the mean.
Inputs
Window length: the lookback period for the mean and standard deviation (default 20)
Source: the price series used (default close)
Important notes
A high or low z-score is not a buy or sell signal on its own. In a trending market, price can stay stretched (high or low z-score) for extended periods — an extreme reading can keep getting more extreme. This tool measures statistical deviation; it does not predict reversals. Use it as one input within a broader, tested framework, not as a standalone signal.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.