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ZScore

A ZScore indicator for NT7. ZScore looks at deviations from the moving average, and this plots an oscilator in a new panel. Note in the attached chart where Bollinger channels are breached and where ZScore lines are breached. Help make it better!

Changelog:

4 March 2010: Version 2.00 posted.
22 April 2010: Version 3.00 posted. Revamp of code, same calculation logic.

Compatability:

NT7 Only

Category The Elite Circle

Details: ZScore
Category: The Elite Circle

April 22nd, 2010
Size: 5.80 KB
Downloaded: 750 times

Keywords: oscilator zscore mxasj bollinger ma

Zscore Indicator

Updated 16th February 2015 : Zscore_v3
1. Added code to prevent 'out of valid range error' (picked up by Harry - thank you).
2. Changed condition for permission bar coloring.
3. Enabled option to show 1st Std Dev line.
4. Minor visual enhancements and tidied up the code.

For use in sideways or range bound markets.
You can save a few bob if you don't want to pay for a custom profile tool.
The z-score is used to compute the probability of occurrence of a value in a particular normally distributed range OR shows how many Standard deviations away from the mean is a value. If a value is 2 std dev from the mean and you have a nearly normal distribution then 95% of values within that distribution lie above/below your current value in other words there is a good probability that price will revert to the mean and this could be good place to look for a trade back to it or beyond it.
I have shown the volume profile for reference but you can see that this range is normally distributed.
The z-score indy is set to the range of your distribution in ticks. The yellow areas are turning points 2 std dev from the mean and offer the highest probability trades with the lowest risk but the red area turns out not to be worth trading and the z-score helps you stay away from the ambiguity this price action depicted in real time. (HL followed by a LH and then another HL).

v2.0 for NT7
v3.0 for NT7 (current)

Many have asked me for the custom Market Profile tool - you may find it here:

http://fin-alg.com/products/tpochart-rangeselect2.html

Good luck with your trading.

Category NinjaTrader 7 Indicators

Details: Zscore Indicator
Category: NinjaTrader 7 Indicators

July 31st, 2014
Size: 6.94 KB
Downloaded: 2235 times

ZscoreHistogram

This is based on the Zscore Indicator submitted by MXAS, located in this section. This variation is a colored histogram reflecting overbought, oversold and above/below zero. The price input is enabled, the default is Weighted. When weighted a lot of the chop is eliminated and is very similar to the CCI with the variable factor set to .0125 instead of .015. One of the problems I have with the CCI is it's tendency to exit a trend too early. The ZcoreHistogram does a much better job of keeping me in the trend.

This was exported with NT v7.

I am not a programmer, use at your own discretion.

Category The Elite Circle

Details: ZscoreHistogram
Category: The Elite Circle

October 25th, 2010
Size: 6.99 KB
Downloaded: 947 times

ZTrend

Stocks either go up or down. The degree (measured as standard deviation) at which the trend occurs varies by period.

Closing price and not price change is typically used to calculate standard deviation (or dispersion from mean). However, using the standard deviation of closing price does not illustrate price movement from mean. Therefore, a price change percentage of 0% is your staring point.

The equation below will provide a "number" indicating how strong a trend is. The number is the price change per standard deviation for the given period. It works well on a list of stocks that is sortable.

A stock with a strong upward trend will have a higher value and vice versa in a down trend.

This is a modified z-value calculation using zero as a starting point.

prc_chg = (close[0]-close[1]) / close[0]
z-value = mean(prc_chg, period) / SD(prc_chg, period)

The higher or lower the "z-value", the stronger the trend (for the given period).

Category NinjaTrader 7 Indicators

Details: ZTrend
Category: NinjaTrader 7 Indicators

January 9th, 2011
Size: 5.54 KB
Downloaded: 394 times

ZUP

Here comes the missing piece in NinjaTrader. Unfortunately or maybe fortunately, we can only find it for MetaTrader. In fact there's one more known (and a couple of smaller charting applications) called Ensign. That one is not for free though.

There's this Russian guy called Nen, I believe his name is Evgeni, that has managed to develop this awesome indicator. It plots the Harmonic Patterns on your chart. It even plots the possible end of D. Meaning that it plots the level where the pattern is becoming invalid.

I'm posting the whole ZUP (ZigZagUniversalPattern) package here. Introduce it all in your MT4 and enjoy!

Category MetaTrader 4 Indicators

Details: ZUP
Category: MetaTrader 4 Indicators

May 5th, 2010
Size: 58.95 KB
Downloaded: 1328 times

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Category The Elite Circle

Details: [double post]
Category: The Elite Circle

July 3rd, 2012
Size: 190.00 MB
Downloaded: 21 times

_dnTrendChannel

Version 1.00 January 28 2019

This is a fib channel tool I designed to help measure patterns I encountered.

More info and a template can be found at this thread
https://nexusfi.com/elite-circle/46104-market-geometry-exploratory.html

Enjoy

Category NinjaTrader 8 Indicators and More

Details: _dnTrendChannel
Category: NinjaTrader 8 Indicators and More

January 28th, 2019
Size: 20.11 KB
Downloaded: 742 times

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