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julesrulesny

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Subject : Plotting an Indicator in chart and not the pane
Posted : 11/24/2014 11:37 AM
Post #23165

Hi,

For years I have adapted zScore and zScoreMA into my Trading. Quite successfully. its very adaptable to all sorts of other indicators.

Since the zScoreMA in a pane, as you can see in attachment, more or less moves with price (depending on the parameters of course).. I have been trying to figure out how to Code this so it can become an indicator used in the chart and NOT the pane... As I have additional motivations, creating a zScoreMA Bands..which I should be able to do.. What I can't do, the most important part is try and find a way to calculate this so it Plots in the chart...

Any suggestions? If this is even possible??

Thanks,
Marc


Traditional zScore -----

#Indicator
'**********************************************************************
'* Z-Score Indicator
'* by Jeremy Williams
'* February 21,2006
'*
'* Adapted from Technical Analysis of Stocks and Commodities
'* February 2003
'*
'* Summary:
'*
'* This indicator measures the normalized distance from the
'* N period Moving Average using the statistical formula for Z-value.
'* For more information see "Z-Score Indicator" in the
'* February 2003 edition of Technical Analysis of Stocks and
'* Commodities.
'*
'* Parameters:
'*
'* N= Specifies the number of Periods used for the Average and
'* Standard Deviation calculations used to determine the
'* Z-Score.
'*
'********************************************************************

#Indicator
#Param "N",20

Dim myAverage As Single
Dim mySD As Single
Dim Value As Single
Dim OutValue As Single

' Value statement can be changed to other data series. For example,
' to calculate the Z-Score Indicator of the RSI use:
' Value = RSI(Periods)

Value = C

myAverage = Average(Value,N) ' Calculate the Average and Standard Deviation
mySD = STD(Value,N)

OutValue = Value - myAverage ' Calculate the Z-Score using the formula:
OutValue = OutValue / mySD ' Z = ( Value - Average ) / Standard Deviation

If Bar < N then ' At Initialization set OutValue to 0 until
OutValue = 0 ' Standard Deviation is not zero.
End If

Plot("Z-Score",OutValue) ' Plot the Z-score and the 1-Std. Dev. Band
PlotLabel(-1)
PlotLabel(1)

Return OutValue ' Return the Z-value





A rather simple, easy Moving Average of the zScore ---

#Indicator
#Param "periods",3
Dim ZS As Single
Dim zsMA As Single
zs = zscore(periods)
zsMA = SMA(zs,periods)
plot("zsMA", zsMA)

return zsMA




Also, a while back I think it was Mel who coded this one for me.. Another MA of zS.

#Indicator
#param "Zlength", 4
#param "maPeriod",6
#param "buylevel",-1.6
#param "shortLevel", 1.6

dim zs, theMA as single
if bar>(Zlength+maPeriod) then
zs = zScoreInd(Zlength,buyLevel,shortLevel)
theMA = sma(zs,maPeriod)

plot("zMA",theMA)
plot("buy",buyLevel,black)
plot("sell",shortLevel,black)
end if
Return theMA ' Return the value calculated by the indicator

[Edited by julesrulesny on 11/24/2014 11:40 AM]

Deleting message 23165 : Plotting an Indicator in chart and not the pane


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