PROTECTED SOURCE SCRIPT
Gold Z-Score Dashboard - 100-Bar Label Cleanup

📌 Indicator Name:
Gold Z-Score Dashboard — 100-Bar Label Cleanup
🧾 Description:
This indicator leverages a statistical approach to detect overbought and oversold conditions using the Z-Score, a measure of price deviation from its moving average. It intelligently combines trend, volume, and volatility filters to reduce false signals and improve trading precision.
✅ Key Features:
Z-Score Logic: Highlights extreme price moves by comparing current price to its recent average, normalized by standard deviation.
Trend Filter (Optional): Uses a higher-timeframe EMA to confirm signals only in the trend direction.
Volume Filter (Optional): Confirms signals only when current volume exceeds its average, avoiding low-activity noise.
ATR Filter (Optional): Ensures signals occur during sufficient market volatility.
Label Cleanup: Each signal label is automatically removed after 100 bars to keep your chart organized.
Built-In Alerts: Get notified instantly when the market enters overbought or oversold zones.
🧠 How It Works:
The Z-Score is calculated as:
(Price−EMA)/StandardDeviation
When the Z-Score crosses below -threshold, an oversold (long) signal is generated.
When it crosses above +threshold, an overbought (short) signal is triggered.
Signals are filtered based on user settings:
✅ Trend must be aligned with higher timeframe EMA
✅ Volume must be above its moving average
✅ ATR must indicate adequate market movement
📈 Best Used For:
Spotting mean reversion opportunities
Avoiding false reversals with smart filters
Cleaner signal visualization via automatic label expiry
Gold Z-Score Dashboard — 100-Bar Label Cleanup
🧾 Description:
This indicator leverages a statistical approach to detect overbought and oversold conditions using the Z-Score, a measure of price deviation from its moving average. It intelligently combines trend, volume, and volatility filters to reduce false signals and improve trading precision.
✅ Key Features:
Z-Score Logic: Highlights extreme price moves by comparing current price to its recent average, normalized by standard deviation.
Trend Filter (Optional): Uses a higher-timeframe EMA to confirm signals only in the trend direction.
Volume Filter (Optional): Confirms signals only when current volume exceeds its average, avoiding low-activity noise.
ATR Filter (Optional): Ensures signals occur during sufficient market volatility.
Label Cleanup: Each signal label is automatically removed after 100 bars to keep your chart organized.
Built-In Alerts: Get notified instantly when the market enters overbought or oversold zones.
🧠 How It Works:
The Z-Score is calculated as:
(Price−EMA)/StandardDeviation
When the Z-Score crosses below -threshold, an oversold (long) signal is generated.
When it crosses above +threshold, an overbought (short) signal is triggered.
Signals are filtered based on user settings:
✅ Trend must be aligned with higher timeframe EMA
✅ Volume must be above its moving average
✅ ATR must indicate adequate market movement
📈 Best Used For:
Spotting mean reversion opportunities
Avoiding false reversals with smart filters
Cleaner signal visualization via automatic label expiry
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。
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。