Aggregate Z-score
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The Aggregate Z-score indicator is a VertexFX Indicator, that is useful for determination of end of trends and change in direction.
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Aggregate Z-score indicator is a VertexFX Indicator, that is useful for determination of end of trends and change in direction.
The Aggregate Z-score indicator is comprised of three parts – the fast moving average and standard deviation component, the slow moving average and deviation component and finally the Z-score component which is calculated from the first two. The difference between the closing price and the average is divided by the standard deviation for both the longer and shorter durations. The is the Z-score. The aggregate Z-score is calculated by subtracting the faster Z-score from the slower Z-score.
When the indicator value rises above zero, LONG trades can be considered in confirmation with other indicators. Value below zero suggest bearish direction and SHORT trades can be considered.
Reversals from extremes are also useful for early detection of change in trends.
USER INPUTS :
a) FAST_PERIOD : The faster period over which to calculate the MA and standard deviation.
b) SLOW_PERIOD : The slower period over which to calculate the MA and standard deviation.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |