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.
Thanks Jeff and all the others who contributed to the JeffsADX v1 indicator. This is a port to ThinkorSwim.
The ToS study has been uploaded as a txt file. If you want to import it ToS, then change the extension to .ts. Alternatively, copy the content of the txt file to a new study in ToS.
Conversion of Mike's VMAZones NT indicator to ToS.
I uploaded this file as a .txt file. You can save it and rename it to .ts then import it to ToS or copy/paste the content of the file into a new study.
This is a price momentum oscillator for ThinkorSwim. It is computed by taking the rate of change over N bars, then smooths that with an averaging function. In this case, it uses the Hull Moving average with a given period M.
It can be used as an indicator of relative strength, internal strength or price movement.
The indicator is a txt file, so you can either copy/paste the content into a new study in ToS or rename the file to a .ts extension and import it.