MACD in z-score format for mean reversion scanning.
MACD in z-score format to scan and sort the most extreme readings, with expectation of reversion to the mean.
Dark and light mode chart templates provided.
MACD in z-score format to scan and sort the most extreme readings, with expectation of reversion to the mean.
Dark and light mode chart templates provided.
MACD Z-Score is calculated using a 30 period lookback to create the Z Score. Also plotted are the Z-Score of closing prices CloseZ, and the crossing of the RL10 with the SMA30.
Chart templates with both, dark mode and light mode are provided. Delete the chart template you don’t use.
In the indicator below, the histogram is the MACD Z-Score.
Area chart is z-score of closing price named CloseZ.
RL10 crossing up SMA30 is shown with a yellow up bar; Crossing down is the orange bar.