AdvancedZscorePRO

This indicator is perfect for quantitative traders who want to apply statistical analysis to their trading decisions

Key Information

Access: Lifetime access included
Updates: Free future updates
Compatibility: Designed for popular trading platform Thinkorswim
Delivery: Instant digital download available after purchase

Full Details

This indicator is perfect for quantitative traders who want to apply statistical analysis to their trading decisions. It works across all timeframes and provides objective, mathematical assessment of market conditions rather than subjective technical analysis.

Key Statistical Measures:

1. Z-Score Analysis

Multiple timeframe Z-scores (short and long-term)
Standard deviation bands (1σ, 2σ, 3σ)
Statistical extreme identification

2. Percentile Ranking

Shows where current price ranks vs. recent history (0-100%)
Identifies statistical highs/lows
Customizable extreme thresholds

3. Skewness Measurement

Measures distribution asymmetry
Identifies right-skewed (bullish bias) vs left-skewed (bearish bias) periods
Helps assess probability of directional moves

4. Kurtosis Analysis

Measures "tail heaviness" of price distribution
High kurtosis = more extreme moves likely
Low kurtosis = more predictable, normal distribution

5. Composite Statistical Score

Weighted combination of all measures
Single value for overall statistical assessment

Visual Features:

Color-coded lines based on statistical extremes
Probability bands showing standard deviation levels
Background shading for extreme zones
Multiple display modes - choose your primary focus
Comprehensive labels showing all key statistics
Distribution classification (Normal, Skewed, Heavy Tails, etc.)

Trading Applications:

Mean Reversion: Identify statistically extreme levels for reversal trades
Probability Assessment: Gauge likelihood of continued moves vs. reversals
Risk Management: Use statistical extremes for position sizing
Market Regime Detection: Monitor changes in distribution characteristics
Entry/Exit Timing: Use statistical signals for better trade timing

Key Alerts:

STATISTICAL HIGH/LOW warnings for extreme readings
Distribution type classification for market character assessment
Color-coded values for quick visual assessment

Important Notes & Disclosures

Note: All purchases provide lifetime access and include future updates. Compatibility with popular trading platforms. Download available instantly after purchase.

Legal Disclaimer & Risk Warning

No Investment Advice: The indicators, tools, and strategies provided are for informational and educational purposes only and do not constitute financial, investment, or trading advice. You are solely responsible for your trading and investment decisions.
No Guarantee of Performance: Past performance is not indicative of future results. Trading in financial markets involves substantial risk, including the potential loss of capital. There are no guarantees or assurances that any indicator, strategy, or tool will result in profits or avoid losses.
Hypothetical & Simulated Results: Any performance results displayed (backtests, examples, or hypothetical scenarios) may not reflect actual trading conditions and do not account for slippage, fees, or other real-world factors. Hypothetical performance has inherent limitations and should not be relied upon as a predictor of future success.
No Liability: By purchasing and using these indicators, you agree that the seller, creator, and affiliates are not liable for any losses, damages, or claims arising from the use (or misuse) of these tools. You assume all risks associated with trading.
No Refund Policy: Due to the digital nature of the product, all sales are final. No refunds will be issued.
Compatibility Note: While the indicators are designed for popular platforms like Thinkorswim, compatibility is not guaranteed for all versions or future updates. Users are responsible for ensuring proper functionality within their trading environment.
Consult a Professional: Before making any financial decisions, consult a licensed financial advisor or conduct your own due diligence.

By purchasing, you acknowledge that you have read, understood, and agreed to this disclaimer in full.