Abbreviation: StndNormZScore
Category: Statistical
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Periods | Int >= 2 | 10 |
Calculation:
X – mean( X)
‘‘‘‘‘‘‘
StndDev(X, n)
where
mean(X) = mean average of X over the last n periods
X = Time Series
n = Periods
StndDev represents Standard Deviation
Discussion:
Provides a measure of a time series value relative to its mean expressed relative to its standard deviations. A value of one indicates a value one standard deviation above the mean, while a value of two indicates a value two standard deviations above the mean. Likewise, a value of negative one indicates a value one standard deviation below the mean, while a value of negative two indicates a value two standard deviations below the mean.