OPEN-SOURCE SCRIPT
Investor Tool - Z Score
The Investor Tool is intended as a tool for long term investors, indicating periods where prices are likely approaching cyclical tops or bottoms. The tool uses two simple moving averages of price as the basis for under/overvalued conditions: the 2-year MA (green) and a 5x multiple of the 2-year MA (red).
Price trading below the 2-year MA has historically generated outsized returns, and signalled bear cycle lows.
Price trading above the 2-year MA x5 has been historically signalled bull cycle tops and a zone where investors de-risk.
Just like the Glassnode one, but here on TV and with StDev bands
Now with Z-SCORE calculation:
The Z-Score is calculated to be -3 Z at the bottom bands and 3 Z at the top bands
Pine Script®
Created for TRW
Price trading below the 2-year MA has historically generated outsized returns, and signalled bear cycle lows.
Price trading above the 2-year MA x5 has been historically signalled bull cycle tops and a zone where investors de-risk.
Just like the Glassnode one, but here on TV and with StDev bands
Now with Z-SCORE calculation:
The Z-Score is calculated to be -3 Z at the bottom bands and 3 Z at the top bands
mean = (upper_sma + bottom_sma) / 2
bands_range = upper_sma - bottom_sma
stdDev = bands_range != 0 ? bands_range / 6 : 0
zScore = stdDev != 0 ? (close - mean) / stdDev : 0
Created for TRW
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。