Market Heat Z-Score

The "Market Heat Z-Score" indicator calculates the Z-score of a chosen price source over a specified lookback period, indicating how far the current price is from the mean in terms of standard deviations. It visually represents overbought and oversold conditions with a color gradient and customizable glow effect, with background shading indicating extreme Z-scores.

Note di rilascio

⚡ Market Heat ⚡ by SP_Quant

A simple and straightforward indicator that uses Z-Score to show market strength and weakness. It highlights overbought and oversold conditions with colors and optional glow effects.

It is easy to use but can be noisy, best suited for spotting quick momentum shifts and mean-reversion setups.

Calculations use only confirmed bars to reduce repainting.

⚠️ Disclaimer:
This indicator is for educational and informational purposes only and does not constitute financial advice, trading advice, or investment recommendations. Use it at your own risk. Always perform your own analysis before making any trading decisions. The author is not liable for any losses or damages resulting from the use of this script.

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

SP_Quant

Quant strategies operating behind the efficient frontier.
Tailored for professionals.
No financial advice.

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Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

SP_Quant

Quant strategies operating behind the efficient frontier.
Tailored for professionals.
No financial advice.

Anche su: