Z-Score Panel Pro

📊 Z-SCORE PANEL PRO

A professional statistical analysis panel that displays real-time Z-Score values across multiple timeframes. Clean, elegant design with comprehensive customization options.



🔷 WHAT IS Z-SCORE?

Z-Score measures how many standard deviations the current price is away from its mean. A Z-Score of +2 means price is 2 standard deviations above average, while -2 means 2 standard deviations below.

This statistical approach helps identify:
• Statistically unusual price levels
• Potential mean reversion zones
• Overbought and oversold conditions
• Market volatility extremes



✨ FEATURES

◆ Multi-Timeframe Display
Monitor Z-Score across 7 timeframes simultaneously (1m, 5m, 15m, 30m, 1H, 4H, 1D). Each timeframe can be individually enabled or disabled.

◆ Visual Level Meter
Intuitive bar meter showing the current Z-Score position within the statistical range.

◆ Zone Classification
Automatic labeling of current zone:
• NEUTRAL - Normal range
• OVERSOLD / OVERBOUGHT - Warning zone
• OVERSOLD++ / OVERBOUGHT++ - Danger zone
• EXTREME LOW / EXTREME HIGH - Statistical extremes

◆ Trend Direction Arrow
Visual indicator showing whether Z-Score is rising (▲), falling (▼), or stable (◆).

◆ Color-Coded Values
Each Z-Score value is color-coded based on its zone for instant visual assessment.

◆ Complete Alert System
7 different alert conditions:
• Upper/Lower warning level crossings
• Upper/Lower danger level crossings
• Extreme level alerts
• Return to neutral alerts
• Combined any-level breach alert



⚙️ SETTINGS

Calculation:
• Period (default: 20)
• Source (default: close)
• EMA/SMA toggle

Thresholds:
• 3 upper levels (default: 2.0, 2.5, 3.0)
• 3 lower levels (default: -2.0, -2.5, -3.0)

Panel:
• 8 position options
• Full color customization
• Show/hide individual elements
• Text size options



📖 HOW TO USE

1. Add the indicator to your chart
2. Adjust the calculation period to match your trading style
3. Set your preferred threshold levels
4. Enable the timeframes you want to monitor
5. Configure alerts for levels you want to track
6. Customize colors to match your chart theme



⚠️ DISCLAIMER

This indicator is a statistical analysis tool for informational and educational purposes only.

• It does NOT generate trading signals
• It does NOT guarantee any trading results
• Past statistical patterns do NOT predict future outcomes

Always perform your own analysis and apply proper risk management. Trading involves significant risk of loss.



If you find this indicator useful, please consider leaving a comment or suggestion. Your feedback is appreciated!