MACD Z-Score standardized value

MACD Z-Score standardized value

This indicator is a standardized MACD, it gives values also knows as Z-Score which represent the deviation of a value compared to an average of its deviation over a greater period.

By default the study period is set to 2000. So the indicator will draw the current MACD normalized accordingly to what happen to the MACD in this past 2000 bars. The Z-Score is drawn from -3 to +3 deviation from the 0 mean. So adapt these lines to the period and volatility of the instrument you are studying. 

This code could be adapted to any other indicator.

 

 

code adapted from Louis Sparks

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  1. Bard • 111 days ago #

    Did anyone get an error with lines 25 and 26?

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