Indicator
RSI
Breakout
Signal
Supertrend
ZScore
"ZScore" logo
5.0
03/09/2025
120
Desktop
Sinceย 03/10/2024
Sales
102
Free installs
14911
"ZScore" uploaded image"ZScore" uploaded image"ZScore" uploaded image"ZScore" uploaded image"ZScore" uploaded image

๐ŸŒŸ **What is the Z-Score?** ๐ŸŒŸ

โ€ข **Z-Score in Trading**: Itโ€™s a way to measure how far the current price is from its recent average, expressed in terms of standard deviations. ๐Ÿ˜Š A value close to 0 indicates that the price is near its mean, while high values (positive or negative) ๐Ÿ˜ฎ indicate that it has deviated significantly.

โ€ข **Statistical Utility**: These values allow you to identify situations where the price is "overbought" ๐Ÿ“ˆ or "oversold" ๐Ÿ“‰, which can be useful for mean reversion strategies or for detecting moments of high volatility ๐Ÿ’ฅ.


๐ŸŒŸ **How the Indicator Works** ๐ŸŒŸ

1. **Calculation of Average and Deviation**:

- A specific number of previous bars (or periods) are analyzed to calculate the average closing price and its standard deviation. ๐Ÿงฎ

- With these values, it is determined how much the current price deviates from the mean. This difference is expressed as a Z-Score.


2. **Visualization of the Z-Score**:

- **Area Mode**: Two histograms are displayed: one in green ๐ŸŸฉ for positive values (when the price is above the mean) and another in red ๐Ÿ”ด for negative values (when it is below). This allows you to visually identify the magnitude and direction of the deviation.


3. **Moving Average of the Z-Score**:

- A moving average is calculated over the Z-Score values. This helps smooth out fluctuations and identify trends in how the price deviation behaves over time. ๐Ÿ“Š


4. **Probability Zones and Reference Labels**:

- Additionally, labels are placed on the chart showing the prices corresponding to the mean and each level of deviation. This is useful for understanding, in price terms, how "extreme" the market is behaving. โš ๏ธ


---


๐ŸŒŸ **Interpretation and Application for Traders** ๐ŸŒŸ

โ€ข **Detection of Extremes**: By observing very high or very low values in the indicator, a trader can identify that the price has significantly moved away from its average. This may suggest that a correction is likely (if expecting mean reversion) ๐Ÿ”„ or that a strong breakout is occurring.


โ€ข **Trend Confirmation**: The moving average of the Z-Score and associated bands allow you to see changes in the price behavior trend relative to its mean. A cross or change in these lines can be interpreted as an entry ๐Ÿ›ก๏ธ or exit signal.


โ€ข **Risk Management**: By knowing the levels of deviation and probability zones, you can adjust position sizes or define stop loss โฌ‡๏ธ and take profit โฌ†๏ธ points, since you have a reference for normal versus extreme movements.


โ€ข **Statistical Understanding of the Market**: Beyond being just a graphical tool, this indicator encourages thinking about market behavior in probabilistic terms. Knowing the "normality" of a movement can be a decisive factor when evaluating trading opportunities. ๐ŸŽฏ


๐ŸŒŸ **Conclusion** ๐ŸŒŸ

This algorithm converts price data into a statistical representation that helps visualize and quantify the deviation of the price relative to its recent behavior. By combining the Z-Score, a moving average, deviation bands, and a probability table, the indicator provides multiple layers of information. This makes it especially valuable for identifying moments when the market is in unusual conditions, facilitating entry ๐Ÿš€, exit ๐Ÿ›‘, and risk management decisions based on probability and statistics. ๐Ÿ“ˆ๐Ÿ“‰

Ctrader Store indicators:

 

Channel Breakout System

Fair Value Gap Sessions

 BOS & CHOCH

ZigZag

Supertrend

Market Imbalance

Adaptive Trend Channel 

Dynamic Market Structure
Analysis of Turning Points

Order Block

Fibonacci Linear
Regression Multi-timeframe

Volume POC Heatmap

Dynamic RSI

Momentum Fair Value Gap

Market Flow Projection

Dynamic Trend Gradient

Multi-Level Candle Bias
Tracker

Zig-Zag Extremity Tracker

Reactive Moving Average

Auto-Trend Channel

Auto Support and
Resistance Trend Lines

All Support and
Resistance Levels

Leverage Liquidation Map

Zones Supply Demand

Dynamic Range Momentum

More from this author
Indicator
RSI
Breakout
XAUUSD
+6
ZigZag
ZigZag filters noise, spots trends, patterns, pivots, aiding analysis, trade management, and confirmations. ๐Ÿ“‰๐Ÿ“ˆ
Indicator
RSI
Breakout
XAUUSD
+6
Order Block
Identify bullish and bearish Order Blocks to spot key support/resistance levels and potential trend reversals! ๐Ÿ“ˆ๐Ÿ”„
Indicator
RSI
Breakout
XAUUSD
+5
Auto-Trend Channel
Adaptive trend channel using linear regression and Pearson correlation for dynamic support, resistance, and trends.
Indicator
RSI
XAUUSD
Breakout
+5
BOS & CHOCH
Market structural patterns , specifically the concepts of Change of Character (ChoCH) ๐Ÿ”„ and Break of Structure (BoS) ๐Ÿ’ฅ
Indicator
RSI
Breakout
XAUUSD
+5
Zones Supply Demand
๐Ÿ“ŠZones Supply & Demand: Identifies key price levels with high volume concentration, marking Supply/Demand Zones & Marke
Indicator
RSI
Breakout
XAUUSD
+5
Supertrend
๐Ÿ’น Define a price channel ๐Ÿ“ˆ and determine trend direction (bullish ๐ŸŸข or bearish ๐Ÿ”ด).
Indicator
RSI
Breakout
XAUUSD
+6
Volume POC Heatmap
๐Ÿ“Š Shows volume by price levels, highlights POC, and key zones. Identifies dynamic support/resistance and imbalances.
Indicator
RSI
Breakout
Supertrend
All Support and Resistance Levels
"Identify key market zones and visualize support/resistance from multiple timeframes on a single chart.
Indicator
RSI
Breakout
XAUUSD
+6
Fair Value Gap Sessions
identify and highlight temporary market inefficiencies known as "fair value gaps" ๐Ÿšจ within specific trading Sessions.
Indicator
RSI
Breakout
XAUUSD
+4
Dynamic Market Structure Analysis of Turning Points
Identify market structure effortlessly with swing highs, lows, CHoCH, and BOS levels for smart trading decisions! ๐Ÿ“Š๐Ÿ”"
Indicator
Indices
RSI
XAUUSD
+7
RSI Divergence
Detects bullish and bearish divergences
Indicator
RSI
Breakout
Supertrend
Trend Heikin Multi MA
๐Ÿš€ TrendHeikinMultiMA: Advanced trend detection using Heikin-Ashi smoothing & MAs! Eliminates noise, confirms real trend
Indicator
RSI
Breakout
XAUUSD
+4
Multi-Level Candle Bias Tracker
Price direction by calculating the probability of reaching new highs/lows. Shows levels & stats๐Ÿ“ˆ
Indicator
RSI
Breakout
Supertrend
Leverage Liquidation Map
๐Ÿ“Š Liquidation Map: Potential areas where highly leveraged investors might face liquidations.
Indicator
RSI
Breakout
Supertrend
Market Trend OB
Price action to detect when the market changes trend (MSB) and defines, order blocks , ZigZag etc.๐Ÿ“Š
Advanced Market Structure Bos,Choch,SwinLevels, Order Blog
Advanced price action toolย that combines multiple technical analysis concepts
Indicator
RSI
Breakout
Supertrend
+3
Fibonacci Linear Regression Multi-timeframe
Combining Fibonacci levels and regression to analyze multidimensional market trends across multiple timeframesยก
Indicator
RSI
Breakout
Supertrend
Zig-Zag Extremity Tracker
Dynamically adjusts regression channels based on ZigZag extremes, resetting when price breaks bands to track real trends
You may also like
Indicator
RSI
Breakout
ATR
+2
Channel Breakout System
๐Ÿš€ Specialized algorithm is designed to confirm entry and exit points with precision ๐ŸŽฏ
Indicator
NAS100
Indices
Breakout
+6
cAlgoBuddy - Boxify
The purpose of the algorithm of the Boxify indicator is to try to put price action into zones, or better, boxes.
Indicator
Bollinger
E7 Indicators Free Studies
ADXR, KDJ, SineWave, Bollinger Band Volatility and AEOscillator.
Indicator
VWAP
Breakout
Scalping
VWAP & Sessions & D,W,M HLO Levels
Killzone Session With VWAP โ€“ Precision Meets Price Action
Indicator
ATR
Forex
RISK V1
Automated position sizing based on risk, entry, and stop loss with ATR support and visual trade setup on charts.
Indicator
NAS100
RSI
NZDUSD
+16
AlphaTrend Pro Max
Turn data into precision trades with AlphaTrend Pro Max โ€” advanced trend, signal & structure analysis in one.
Indicator
Stocks
Forex
MACD
+1
SmartBot-Volume MACD
a revolutionary indicator that integrates volume into MACD.
Indicator
Indices
RSI
Stocks
+3
Advanced RSI Indicator
Advanced RSI Indicator with multi-MA smoothing, Bollinger Bands, divergence detection, and fill zones for cTrader.
Renko 4k Pips
Custom your Renko Brick how do you wish!
Supertrend Indicator v1.1
SUPERTREND INDICATOR v1.1
Fibonacci Pitchfan
Powerful all-in-one toolย for traders seeking aย clear, dynamic viewย of market structure. By mergingย pivots, trendlines &
Support Resistance Zones
Support and Resistance.
Indicator
RSI
Indices
ATR
+3
Divergency 1.1_withSourceCode
๐Ÿ” Divergency Indicator for cTrader (Update v1.1)
Indicator
Indices
Prop
Stocks
+3
4MA
This indicator consists of 3 moving averages that can be configured to your liking, from the type of moving average....
Indicator
Indices
RSI
XAUUSD
+7
RSI Divergence
Detects bullish and bearish divergences
[Hamster-Coder] Pivot Points MTF
[Hamster-Coder] Pivot Points (Multi Time Frame)
Candle Timer & Strength Demo
Candle Timer & Strength DEMO for cTrader This is a DEMO version of the Candle Timer & Strength indicator. You can use al
Indicator
NAS100
NZDUSD
Martingale
+22
Indicators Volume Profile 1
Taiz Pro Volume Profile ู…ุคุดุฑ ุงุญุชุฑุงููŠ ู„ุชุญู„ูŠู„ ุงู„ุญุฌู… (Volume Profile) ูŠูƒุดู ุนู† ู…ู†ุงุทู‚ ุงู„ุฏุนู… ูˆุงู„ู…ู‚ุงูˆู…ุฉ ุงู„ุญู‚ูŠู‚ูŠุฉ ุงู„ุชูŠ ูŠุฑูƒุฒ ุนู„ูŠู‡