Overview

Z-Deviation Waves Quick Specs

Think of this indicator as a statistical speedometer. It computes a rolling mean and standard deviation over a window you choose (the Period), then expresses current price as a Z-score: negative values are below average, positive values above.

FeaturesUsageConfluencesFAQs

The wave is color-graded—cooler near zero, hotter at extremes—so intensity is obvious at a glance.

You choose how to label the guide lines:

• Z-score (σ): show the classic −3σ…+3σ levels for pure, textbook context.

• Price @ σ: convert those σ levels into live prices—great for alerts and orders.

• Price @ Z: map Z onto a fixed numeric grid for clean, presentation-ready spacing across tickers.

Two small helpers round it out:

• Trend columns: a subtle backdrop that flips with the direction of Z (are we stretching further, or easing back?).

• Downside table (optional): prints the current −1σ/−2σ/−3σ prices in the corner so you can set alerts quickly.