Z-score change

icostan Updated   
As a wise man once said that:
1. beginners think in $ change
2. intermediates think in % change
3. pros think in Z change

Here is the "Z-score change" indicator that calculates up/down moves normalized by standard deviation (volatility) displayed as bar chart with 1,2 and 3 stdev levels.
Release Notes:
Add reference doc., cleanup code and chart.
Release Notes:
More accurate calculation based on Investopedia's Z-score definition
Release Notes:
Clean up and update chart
Release Notes:
Add "Source" setting (default to "close" time series), remove "Gaps" setting
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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