RodrigoRT7 wrote: Tue Jun 11, 2024 7:42 am hello Mr Tools everything is fine?
For some time now, I've been wondering what it would be like to combine RSI + Z Score, as they are two indicators that I really like.

I discovered today that it already exists, could you convert this Tradingview code including your RSIs + averages + RMAs please? I imagine that other averages could greatly improve the smoothing.

Thank you very much, in advance

Z-score of RSI

The Z-score of RSI provides a method to determine if the RSI is in an overbought or oversold condition within the Bollinger Bands, represented as an oscillator.

What is the Z-score?

The Z-score indicates the distance of the data from the mean in standard deviations. The values displayed in the indicator represent the standard deviations away from the mean. Similar to Bollinger Bands, if the value surpasses the standard deviation boundary lines, it is considered to be outside the distribution or outer Bollinger Band. Crossing above the upper boundary line indicates overbought conditions, while falling below the lower boundary line indicates oversold conditions.

Hello, made this and for the Williams %R version, please see here: Z-Score of WPR for MT4. For additional information and the PDF article on the Z-Score see here.