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Indicator Example: Displacement Z-Score [Nexo Mechanics]

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What it does
This indicator measures how far price is from its moving-average “equilibrium” using a volatility-normalised displacement (z-score). It is a demo indicator made to show a simple displacement concept with clean visuals.

Calculations
  1. Equilibrium: SMA(source, length)
  2. Displacement: (price − equilibrium) / Stdev(source, length)


This script is published mainly for demo/learning purposes and to illustrate how the visuals (colour shifts, glow, and fills) can be applied to other indicator logic. It is not meant to be a complete trading system.

Not financial advice.
Note di rilascio
Changed the moving average method to something with less lag.
Note di rilascio
- Changed title to reflect 0-lag moving average (JMA)
- Added toggle to show/hide MA on chart
Note di rilascio
Updating chart image

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