Support Board
Date/Time: Wed, 27 Nov 2024 16:50:19 +0000
z score inputs
View Count: 535
| [2023-07-21 17:35:17] |
| Boris Libman - Posts: 58 |
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I'm looking to add a z-score study to existing chart that has bollinger bands set at X std deviations and a z-score in separate panel indicating number of std. deviations current price is from underlying moving average used in the BB study. How do I want to set the inputs in the z-score study to accomplish this? Thank you. |
| [2023-07-21 18:11:35] |
| John - SC Support - Posts: 36322 |
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We are not fully understanding what you are wanting to do, but refer to the following information for how to base a study on another study: Chart Studies: Settings and Inputs Tab >> Based On - Basing a Study on Another Study For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-07-21 20:06:35] |
| Boris Libman - Posts: 58 |
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https://www.sierrachart.com/image.php?Image=1689969808953.png see link to chart. the bottom pane is z-score, current value is 1.38, which I want to indicate the number of standard deviations the price is above/below the mid line in the top pane. What inputs in the z-score study do I need to adjust? |
| [2023-07-21 20:55:31] |
| John - SC Support - Posts: 36322 |
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We apologize, but we are getting confused by your particular wording. The Z-Score does not give a Standard Deviation. But this should not really matter. Are you wanting to get the Z-Score of the Mid-Line? If so, then you need to set the Z-Score "Based On" to whatever study is drawing that Mid-Line and then set the Z-Score "Input Data" to that particular subgraph. If you are wanting to do something different, then we need a further explanation, as we are simply not understanding. For instance, are you wanting to draw a line that is the Z-Score value number (1.38 at the most recent) of Standard Deviations from the Mid-Line? Are wanting to draw a line at the Price * Z-Score Value? For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-07-22 22:26:34] |
| Boris Libman - Posts: 58 |
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I'm looking for z-score to show number of standard deviations price is from its 200MA. Aside from referencing the midline, what should be put in for the other inputs? (if the bollinger bands are set at X std. dev's, z-score should be X whenever price touches either upper or lower BB, right?)
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| [2023-07-23 15:48:08] |
| Sierra_Chart Engineering - Posts: 17195 |
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There is a Standard Deviation study: Standard Deviation You can use that study along with other arithmetic studies to calculate what you need: Using the Basic Arithmetic Studies Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-07-23 16:42:50] |
| Boris Libman - Posts: 58 |
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It appears that you are not understanding what I'm asking. I am NOT looking for the standard deviation of the underlying instrument which is what the Standard Deviation study will provide. I am looking for the number of standard deviations the price of the underlying instrument is from its 200ma. To clarify, suppose I have a Bollinger Band study overlaid on my price chart where the BB settings are: input data: Last Length: 200 Standard Deviations: 3 SMA Type: Simple Under this example, any time the price crosses one upper/lower band, I know that it exceeds 3 standard deviations from its 200 period moving average. I am looking for a study that will separately show the number of standard deviations the price is from its 200 period MA - I believe this IS using the z-score. I believe in the settings, the "based on" should be set to bollinger bands and the input data should be based on middle band. I am however unclear what the mean length and standard dev length would refer to in this case. |
| [2023-07-23 17:25:24] |
| Boris Libman - Posts: 58 |
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Disregard last post/question, I figured it out. It is in fact the z-score study where the input data is "last" (can be HLC avg), and mean & std dev length are both set to 200 (if I'm looking to compare the current price to a 200ma). I do however have a question of which display setting to toggle to see the value in the status bar for a period other than most recent? Thank you. |
| [2023-07-24 13:10:25] |
| John - SC Support - Posts: 36322 |
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Refer to the following for how to change what is displayed in the Chart Header: Global Settings Menu: Customize Chart Header - Standard (Global Settings menu) But we do not think what you are looking for is in there. We believe that you will need to use the Crosshairs in combination with the "Tool Values Window". In particular note that "Compact Tool Values window" that can be setup in a horizontal fashion. Refer to the information at the following link and the section below it: Chart Drawing Tools: Tool Values Window For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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