Abbreviation: SelectiveStndNormPoint
Category: Selective Calculation
Input Parameters:
| Name | Range | Default |
| Time Series | ||
| Condition | ||
| Periods | Int >= 2 | 10 |
| Z-Score | Real | 1.5 |
Calculation:
SelectiveAvg(X) + Z-Score * SelectiveStndDev(X,n)
where
X = Time Series
n = Periods
SelectiveAvg represents Selective Simple Moving Average
SelectiveStndDev StndDev represents Selective Standard Deviation
Discussion:
Analyzes only the time periods for which the condition is true and provides a data value relative to a time series mean and standard deviation over the last n of those time periods. A Z-score of one returns the mean plus one standard deviation, while a Z-score of two returns the mean plus two standard deviations. Likewise, a Z-score of negative one returns the mean minus one standard deviation, while a Z-score of negative two returns the mean minus two standard deviations.