INVITE-ONLY SCRIPT
FXBABATRADING ~ ZVOL DELTA
Our ZVOL DELTA indicator is an outstanding Volume indicator to determine the strength of BUY vs SELLERS Volume in units of Standard Deviation from a set period average, that is, helps you visualize how much BUYERS/SELLERS VOLUME has deviated from the mean. This indicator is part of a bundle of 5 indicators which we call the ZScore Indicator Suite all based on the ZScore function of statistics.
In this particular mode (ZVOL DELTA) you can see whether BUYERS OR SELLERS VOLUME is above or below the mean average of it, a simple moving average (period of your choice) determined by a + or - value. The value itself represents a Standard Deviation multiplier. A reading below ZERO signifies VOLUME below such average while a reading above ZERO signifies VOLUME is above the average. How far up or down from the zero line signifies how many units of standard deviation is VOLUME deviated from the set moving average.
The indicator when used in combination with the others in the set can help confirm breakout moments such as in the case above when the ZVOL DELTA crossed above the upper level.
Alert signals are provided in the script but you can turn them off in settings.
Each indicator in the ZScore Suite has a particular function:
ZClassic: Measures the position of Price in relation to a set average in units of standard deviation.
ZRange: Measures the position of the Standard Deviation itself in relation to a set average, in units of standard deviation.
ZVolumeDelta: Measures the position of Volume Delta in relation to a set average, in units of standard deviation.
ZTrend: Its a custom mathematical function that allows to measure the strength and direction of the Trend in reference to a set average.
In this particular mode (ZVOL DELTA) you can see whether BUYERS OR SELLERS VOLUME is above or below the mean average of it, a simple moving average (period of your choice) determined by a + or - value. The value itself represents a Standard Deviation multiplier. A reading below ZERO signifies VOLUME below such average while a reading above ZERO signifies VOLUME is above the average. How far up or down from the zero line signifies how many units of standard deviation is VOLUME deviated from the set moving average.
The indicator when used in combination with the others in the set can help confirm breakout moments such as in the case above when the ZVOL DELTA crossed above the upper level.
Alert signals are provided in the script but you can turn them off in settings.
Each indicator in the ZScore Suite has a particular function:
ZClassic: Measures the position of Price in relation to a set average in units of standard deviation.
ZRange: Measures the position of the Standard Deviation itself in relation to a set average, in units of standard deviation.
ZVolumeDelta: Measures the position of Volume Delta in relation to a set average, in units of standard deviation.
ZTrend: Its a custom mathematical function that allows to measure the strength and direction of the Trend in reference to a set average.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系FX_Baba。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Use the link below to obtain access to this and the other indicators in the package
http://www.fxbabatrading.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系FX_Baba。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Use the link below to obtain access to this and the other indicators in the package
http://www.fxbabatrading.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。