OPEN-SOURCE SCRIPT
RSI zScore | JordoG
RSI zScore Indicator
The RSI zScore indicator is designed for traders looking to follow and confirm trends with precision. By applying z-score normalization to the RSI, this tool emphasizes the strength and persistence of trends by highlighting significant deviations that indicate strong momentum. Adjustable RSI length and customizable thresholds allow users to fine-tune the indicator for various market environments, helping to confirm trend direction and potential continuations. Ideal for trend-followers seeking a statistical edge, the RSI zScore provides clarity in identifying sustained directional moves while filtering out noise.
The RSI zScore indicator is designed for traders looking to follow and confirm trends with precision. By applying z-score normalization to the RSI, this tool emphasizes the strength and persistence of trends by highlighting significant deviations that indicate strong momentum. Adjustable RSI length and customizable thresholds allow users to fine-tune the indicator for various market environments, helping to confirm trend direction and potential continuations. Ideal for trend-followers seeking a statistical edge, the RSI zScore provides clarity in identifying sustained directional moves while filtering out noise.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.