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
仅限作者授权的用户访问此脚本，并且通常需要付费。您可以将其添加到收藏中，但是只有在向作者请求并获得许可之后，才能使用它。 请联系FX_Baba了解更多信息，或按照以下作者的说明操作。
TradingView不建议付费使用脚本，除非您100%信任作者并了解脚本的工作原理。在许多情况下，您可以在我们的社区脚本免费找到不错的开源替代方案。
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
想在图表上使用此脚本？
警告：请在申请访问权限之前阅读。
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。