This is a Zero Lag version of Z Score. It essentially uses ZEMA (Zero Lag EMA) as its moving average, and then plots how many deviations (positive or negative) input price is from the ZEMA. A Centered Oscillator version of Zero Lag Bollinger Bands
Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate: Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz Eth: 0x73d59A8214FD70053aF37E9700692e25de441245