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已更新 Valuation Metric
Valuation Metric Indicator
The Valuation Metric Indicator provides a comprehensive tool for evaluating price dynamics in relation to a moving average and standard deviation. It combines the power of statistical analysis with clear visualizations to help traders assess market valuation levels and potential overbought or oversold conditions.
Key Features:
Z-Score Calculation:
Displays the Z-score of the price relative to the moving average, normalized by standard deviation.
Z-score is clamped within the range of -3 to +3 to focus on significant deviations.
Standard Deviation Bands:
Plots bands at 1x, 2x, and 3x standard deviations above and below the moving average.
Helps identify areas of extreme overvaluation or undervaluation.
Dynamic Valuation Table:
Displays the current Z-score and provides a textual assessment of the market's valuation:
Overvalued
Slightly Overvalued
Neutral
Slightly Undervalued
Undervalued
Background color dynamically changes based on the valuation.
Customizable Background Signals:
Optional background highlighting for "Top Signal" (overvaluation) and "Bottom Signal" (undervaluation).
Configurable Display:
Users can toggle the visibility of standard deviation bands and background signals to fit their preferences.
Color-Coded Visualization:
Uses gradient-based color coding for Z-scores and standard deviation bands, improving readability and decision-making.
The Valuation Metric Indicator provides a comprehensive tool for evaluating price dynamics in relation to a moving average and standard deviation. It combines the power of statistical analysis with clear visualizations to help traders assess market valuation levels and potential overbought or oversold conditions.
Key Features:
Z-Score Calculation:
Displays the Z-score of the price relative to the moving average, normalized by standard deviation.
Z-score is clamped within the range of -3 to +3 to focus on significant deviations.
Standard Deviation Bands:
Plots bands at 1x, 2x, and 3x standard deviations above and below the moving average.
Helps identify areas of extreme overvaluation or undervaluation.
Dynamic Valuation Table:
Displays the current Z-score and provides a textual assessment of the market's valuation:
Overvalued
Slightly Overvalued
Neutral
Slightly Undervalued
Undervalued
Background color dynamically changes based on the valuation.
Customizable Background Signals:
Optional background highlighting for "Top Signal" (overvaluation) and "Bottom Signal" (undervaluation).
Configurable Display:
Users can toggle the visibility of standard deviation bands and background signals to fit their preferences.
Color-Coded Visualization:
Uses gradient-based color coding for Z-scores and standard deviation bands, improving readability and decision-making.
版本注释
Complete over hall of the scriptCore Features:
Multi-Dimensional Inputs: Includes RSI, ROC, price deviation from Bollinger Bands, Sharpe Ratio, Sortino Ratio, Omega Ratio, MFI, CCI, Volatility, and a custom drawdown-adjusted performance measure (Crosby Ratio).
Z-Score Normalization: Each metric is converted into a Z-score based on user-defined lookback periods, facilitating comparability across heterogeneous scales.
Aggregated Composite Signal: The average of all non-null Z-scores provides a single, composite value to gauge overbought/oversold conditions or valuation anomalies.
Gradient Visualization: A color-coded histogram and table display dynamically reflect the composite Z-score level for intuitive visual analysis.
User Customization: Adjustable lengths and parameters for each input metric allow tailored optimization to different assets or timeframes.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。
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。