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TC_ZScore

A powerful trend-direction and trend-strength tool, highly configurable and with an average line and power markers. Download free for NinjaTrader7, NinjaTrader8 In mathematical terms, the Z Score is the relationship of a piece of data to the "mean" value within a group of data items. On a chart, this can be thought of the position of the price of a bar compared to the recent n bars' mean value. This provides an easy-to-eyeball trend up/down indicator. If the indicator (default color red) is above zero, price is trending up, whereas if it is below zero then price is trending down. Also on the indicator are four horizontal levels at +1, -1, +2, -2, to show the power of the trend. A value beyon

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