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Fair Value Z Gauge

๐ Fair Value Z Gauge Indicator Description
- This indicator visually represents whether the price is relatively overvalued or undervalued compared to a specific moving average (MA) using a Z-score normalization approach.
- When the Z-score is around 0, it can be interpreted statistically as fair value or "fair price."
โ Key Concept
- Price-to-MA ratio (p_ratio): Calculated by dividing the price by the MA and then subtracting 1, this shows the relative deviation from the moving average.
- Z-score normalization: p_ratio is divided by its 200-period standard deviation, making it easy to identify statistically significant overbought or oversold zones.
โ Default & User Inputs
- Default MA period (100, DEMA by default)
- Selectable MA types: EMA, SMA, WMA, VWMA, RMA, DEMA, TEMA, ZLEMA, HMA
- Upper/lower threshold levels (h_level: 3, l_level: -1.5)
- Signal line period (default: 100) and line thickness
โ Visualization
- Z-score line: Red gradient for overbought, aqua/green gradient for oversold zones
- Signal line: SMA of p_ratio for trend confirmation
- Upper/lower threshold lines: Clearly indicate risk and undervaluation zones
- Fill highlights: Visual emphasis when crossing thresholds
- Bar color: Automatically adjusts based on Z-score status
- Table: Displays real-time p_ratio value
โ Swing Trading Strategy Interpretation & Usage
- Upper red peak: Overbought zone โ Mandatory profit-taking or sell signal
- Lower blue bottom: Undervalued zone โ Mandatory buy signal
- Line dropping toward 0: Ideal for gradual, phased entries (scaling in)
- Signal line: Helps confirm overall trend and entry/exit timing
๐ก Usage Ideas
- Enables clear, quantified entry/exit strategies based on statistical overextension
- Allows for various MA combinations to define personalized "fair value" levels
- Ideal for scaling in/out and portfolio rebalancing strategies
copyright invest_hedgeway
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๐ Fair Value Z Gauge ์งํ ์ค๋ช
- ์ด ์งํ๋ ๊ฐ๊ฒฉ์ด ํน์ ์ด๋ํ๊ท (MA) ๋๋น ์๋์ ์ผ๋ก ๊ณ ํ๊ฐ(Overvalued) ํน์ ์ ํ๊ฐ(Undervalued) ๋์๋์ง๋ฅผ Z-score ๋ฐฉ์์ผ๋ก ์ ๊ทํํ์ฌ ์๊ฐ์ ์ผ๋ก ๋ณด์ฌ์ค๋๋ค.
- Z-Score๊ฐ 0์ด๋ผ๋ฉด ํต๊ณ์ ์ผ๋ก ์ ์ ํ๊ฐ=๊ณต์ ๊ฐ์น๋ผ๊ณ ์ค๋ช ํ ์ ์์ต๋๋ค.
โ ์ฃผ์ ๊ฐ๋
-๊ฐ๊ฒฉ ๋๋น ์ด๋ํ๊ท ๋น์จ (p_ratio) : ๊ฐ๊ฒฉ์ MA๋ก ๋๋ ๋ค -1์ ์ ์ฉํด MA์์ ์๋์ ๊ดด๋ฆฌ๋ฅผ ๊ณ์ฐํฉ๋๋ค.
- Z-score ๊ธฐ๋ฐ ์ ๊ทํ: p_ratio๋ฅผ 200๊ธฐ๊ฐ ํ์คํธ์ฐจ๋ก ๋๋์ด, ํต๊ณ์ ์ผ๋ก ์๋ฏธ ์๋ ๊ณผ์ด ๊ตฌ๊ฐ๊ณผ ์ ํ๊ฐ ๊ตฌ๊ฐ์ ์ฝ๊ฒ ํ์ ํ๋๋ก ์ค๊ณํ์ต๋๋ค.
โ ๊ธฐ๋ณธ ์ ๋ ฅ ๋ฐ ์ฌ์ฉ์ ์ ๋ ฅ๊ฐ
- ๊ธฐ๋ณธ MA ๊ธฐ๊ฐ (๊ธฐ๋ณธ: 100, DEMA)
- MA ์ ํ ์ ํ ๊ฐ๋ฅ : EMA, SMA, WMA, VWMA, RMA, DEMA, TEMA, ZLEMA, HMA
- ์๋จ/ํ๋จ ๊ธฐ์ค ๊ฒฝ๊ณ์ (h_level: 3, l_level: -1.5)
- ์๊ทธ๋ ๋ผ์ธ ๊ธฐ๊ฐ (๊ธฐ๋ณธ: 100) ๋ฐ ๊ตต๊ธฐ
โ ์๊ฐํ ๊ตฌ์ฑ
- Z-score ๋ผ์ธ: ๊ณผ์ด ์ ๋นจ๊ฐ์, ๊ณผ๋งค๋ ์ ์ฒญ๋ก์/๋ น์ ๊ทธ๋ผ๋์ธํธ
- ์๊ทธ๋ ๋ผ์ธ: p_ratio์ SMA๋ก ์ถ์ธ ๋ณด์กฐ
- ์๋จ/ํ๋จ ๊ธฐ์ค์ : ์ํ ๊ตฌ๊ฐ๊ณผ ์ ์ ๊ตฌ๊ฐ ํ๋์ ํ์ธ
- fill ๊ฐ์กฐ: ๊ธฐ์ค์ ๋ํ ์ ์๊ฐ์ ๊ฐ์กฐ
- ๋ฐ ์์: Z-score ์ํ์ ๋ฐ๋ผ ์๋ ์ฑ์
- ํ ์ด๋ธ: ํ์ฌ p_ratio ๊ฐ ์ค์๊ฐ ํ์
โ ์ค์๋งค๋งค ๊ฐ ์ ๋ต์ ํด์ ๋ฐ ํ์ฉ
- ์๋จ ๋นจ๊ฐ ์์ ์ต๊ณ ยท์ ์ : ๊ณผ์ด ๊ตฌ๊ฐ โ ๋ฐ๋์ ์ฐจ์ต์คํ ๋๋ ๋งค๋ ์ ํธ
- ํ๋จ ํ๋ ์์ ์ ์ : ์ ํ๊ฐ ๊ตฌ๊ฐ โ ๋ฐ๋์ ๋งค์ ์ ํธ
- ์ ์ด ํ๋ฝํ๋ฉฐ 0 ์ธ๊ทผ ๋๋ฌ: ๋จ๊ณ์ ๋ถํ ๋งค์ ์์
- ์๊ทธ๋ ๋ผ์ธ์ ์ ์ฒด ํ๋ฆ๊ณผ ์ถ๊ฐ ํ์ด๋ฐ ๋ณด์กฐ
๐ก ํ์ฉ ์์ด๋์ด
- ์ ๋ํ๋ ๊ณผ์ดยท๊ณผ๋งค๋ ๊ธฐ์ค์ผ๋ก ๋จํธํ ์ง์ ยท์ฒญ์ฐ ์ ๋ต ๊ฐ๋ฅ
- ๋ค์ํ MA ์คํ์ผ๋ก ์์ ๋ง์ "๊ณต์ ๊ฐ์น" ํ์
- ๋ถํ ๋งค์ยท๋งค๋, ํฌํธํด๋ฆฌ์ค ๋ฆฌ๋ฐธ๋ฐ์ฑ ์ ๋ต์ ์ต์
copyright invest_hedgeway
- This indicator visually represents whether the price is relatively overvalued or undervalued compared to a specific moving average (MA) using a Z-score normalization approach.
- When the Z-score is around 0, it can be interpreted statistically as fair value or "fair price."
โ Key Concept
- Price-to-MA ratio (p_ratio): Calculated by dividing the price by the MA and then subtracting 1, this shows the relative deviation from the moving average.
- Z-score normalization: p_ratio is divided by its 200-period standard deviation, making it easy to identify statistically significant overbought or oversold zones.
โ Default & User Inputs
- Default MA period (100, DEMA by default)
- Selectable MA types: EMA, SMA, WMA, VWMA, RMA, DEMA, TEMA, ZLEMA, HMA
- Upper/lower threshold levels (h_level: 3, l_level: -1.5)
- Signal line period (default: 100) and line thickness
โ Visualization
- Z-score line: Red gradient for overbought, aqua/green gradient for oversold zones
- Signal line: SMA of p_ratio for trend confirmation
- Upper/lower threshold lines: Clearly indicate risk and undervaluation zones
- Fill highlights: Visual emphasis when crossing thresholds
- Bar color: Automatically adjusts based on Z-score status
- Table: Displays real-time p_ratio value
โ Swing Trading Strategy Interpretation & Usage
- Upper red peak: Overbought zone โ Mandatory profit-taking or sell signal
- Lower blue bottom: Undervalued zone โ Mandatory buy signal
- Line dropping toward 0: Ideal for gradual, phased entries (scaling in)
- Signal line: Helps confirm overall trend and entry/exit timing
๐ก Usage Ideas
- Enables clear, quantified entry/exit strategies based on statistical overextension
- Allows for various MA combinations to define personalized "fair value" levels
- Ideal for scaling in/out and portfolio rebalancing strategies
copyright invest_hedgeway
===========================================================================
๐ Fair Value Z Gauge ์งํ ์ค๋ช
- ์ด ์งํ๋ ๊ฐ๊ฒฉ์ด ํน์ ์ด๋ํ๊ท (MA) ๋๋น ์๋์ ์ผ๋ก ๊ณ ํ๊ฐ(Overvalued) ํน์ ์ ํ๊ฐ(Undervalued) ๋์๋์ง๋ฅผ Z-score ๋ฐฉ์์ผ๋ก ์ ๊ทํํ์ฌ ์๊ฐ์ ์ผ๋ก ๋ณด์ฌ์ค๋๋ค.
- Z-Score๊ฐ 0์ด๋ผ๋ฉด ํต๊ณ์ ์ผ๋ก ์ ์ ํ๊ฐ=๊ณต์ ๊ฐ์น๋ผ๊ณ ์ค๋ช ํ ์ ์์ต๋๋ค.
โ ์ฃผ์ ๊ฐ๋
-๊ฐ๊ฒฉ ๋๋น ์ด๋ํ๊ท ๋น์จ (p_ratio) : ๊ฐ๊ฒฉ์ MA๋ก ๋๋ ๋ค -1์ ์ ์ฉํด MA์์ ์๋์ ๊ดด๋ฆฌ๋ฅผ ๊ณ์ฐํฉ๋๋ค.
- Z-score ๊ธฐ๋ฐ ์ ๊ทํ: p_ratio๋ฅผ 200๊ธฐ๊ฐ ํ์คํธ์ฐจ๋ก ๋๋์ด, ํต๊ณ์ ์ผ๋ก ์๋ฏธ ์๋ ๊ณผ์ด ๊ตฌ๊ฐ๊ณผ ์ ํ๊ฐ ๊ตฌ๊ฐ์ ์ฝ๊ฒ ํ์ ํ๋๋ก ์ค๊ณํ์ต๋๋ค.
โ ๊ธฐ๋ณธ ์ ๋ ฅ ๋ฐ ์ฌ์ฉ์ ์ ๋ ฅ๊ฐ
- ๊ธฐ๋ณธ MA ๊ธฐ๊ฐ (๊ธฐ๋ณธ: 100, DEMA)
- MA ์ ํ ์ ํ ๊ฐ๋ฅ : EMA, SMA, WMA, VWMA, RMA, DEMA, TEMA, ZLEMA, HMA
- ์๋จ/ํ๋จ ๊ธฐ์ค ๊ฒฝ๊ณ์ (h_level: 3, l_level: -1.5)
- ์๊ทธ๋ ๋ผ์ธ ๊ธฐ๊ฐ (๊ธฐ๋ณธ: 100) ๋ฐ ๊ตต๊ธฐ
โ ์๊ฐํ ๊ตฌ์ฑ
- Z-score ๋ผ์ธ: ๊ณผ์ด ์ ๋นจ๊ฐ์, ๊ณผ๋งค๋ ์ ์ฒญ๋ก์/๋ น์ ๊ทธ๋ผ๋์ธํธ
- ์๊ทธ๋ ๋ผ์ธ: p_ratio์ SMA๋ก ์ถ์ธ ๋ณด์กฐ
- ์๋จ/ํ๋จ ๊ธฐ์ค์ : ์ํ ๊ตฌ๊ฐ๊ณผ ์ ์ ๊ตฌ๊ฐ ํ๋์ ํ์ธ
- fill ๊ฐ์กฐ: ๊ธฐ์ค์ ๋ํ ์ ์๊ฐ์ ๊ฐ์กฐ
- ๋ฐ ์์: Z-score ์ํ์ ๋ฐ๋ผ ์๋ ์ฑ์
- ํ ์ด๋ธ: ํ์ฌ p_ratio ๊ฐ ์ค์๊ฐ ํ์
โ ์ค์๋งค๋งค ๊ฐ ์ ๋ต์ ํด์ ๋ฐ ํ์ฉ
- ์๋จ ๋นจ๊ฐ ์์ ์ต๊ณ ยท์ ์ : ๊ณผ์ด ๊ตฌ๊ฐ โ ๋ฐ๋์ ์ฐจ์ต์คํ ๋๋ ๋งค๋ ์ ํธ
- ํ๋จ ํ๋ ์์ ์ ์ : ์ ํ๊ฐ ๊ตฌ๊ฐ โ ๋ฐ๋์ ๋งค์ ์ ํธ
- ์ ์ด ํ๋ฝํ๋ฉฐ 0 ์ธ๊ทผ ๋๋ฌ: ๋จ๊ณ์ ๋ถํ ๋งค์ ์์
- ์๊ทธ๋ ๋ผ์ธ์ ์ ์ฒด ํ๋ฆ๊ณผ ์ถ๊ฐ ํ์ด๋ฐ ๋ณด์กฐ
๐ก ํ์ฉ ์์ด๋์ด
- ์ ๋ํ๋ ๊ณผ์ดยท๊ณผ๋งค๋ ๊ธฐ์ค์ผ๋ก ๋จํธํ ์ง์ ยท์ฒญ์ฐ ์ ๋ต ๊ฐ๋ฅ
- ๋ค์ํ MA ์คํ์ผ๋ก ์์ ๋ง์ "๊ณต์ ๊ฐ์น" ํ์
- ๋ถํ ๋งค์ยท๋งค๋, ํฌํธํด๋ฆฌ์ค ๋ฆฌ๋ฐธ๋ฐ์ฑ ์ ๋ต์ ์ต์
copyright invest_hedgeway
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Questo script รจ pubblicato come codice protetto. Tuttavia, รจ possibile utilizzarlo liberamente e senza alcuna limitazione โ per saperne di piรน clicca qui.
Declinazione di responsabilitร
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 protetto
Questo script รจ pubblicato come codice protetto. Tuttavia, รจ possibile utilizzarlo liberamente e senza alcuna limitazione โ per saperne di piรน clicca qui.
Declinazione di responsabilitร
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.