Normalized Dist from 4H MA200 + Chart Highlights

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Normalized Distance from 4H EMA200 + Highlighting Extremes

This indicator measures the distance between the current price and the 4-hour EMA200, normalized into a z-score to detect statistically significant deviations.

🔹 The lower pane shows the normalized z-score.
🔹 Green background = price far below EMA200 (z < -2).
🔹 Red background = price far above EMA200 (z > 3.1).
🔹 These thresholds are user-configurable.
🔹 On the main chart:
  🟥 Red candles indicate overheated prices (z > upper threshold)
  🟩 Green candles signal oversold conditions (z < lower threshold)

The EMA200 is always taken from a fixed 4H timeframe, regardless of your current chart resolution.

30 thg 7

Phát hành các Ghi chú

Normalized Distance from 4H EMA200 + Highlighting Extremes

This indicator measures the distance between the current price and the 4-hour EMA200, normalized into a z-score to detect statistically significant deviations.

🔹 The lower pane shows the normalized z-score.
🔹 Green background = price far below EMA200 (z < -2).
🔹 Red background = price far above EMA200 (z > 3.1).
🔹 These thresholds are user-configurable.
🔹 On the main chart:
  🟥 Red candles indicate overheated prices (z > upper threshold)
  🟩 Green candles signal oversold conditions (z < lower threshold)

The EMA200 is always taken from a fixed 4H timeframe, regardless of your current chart resolution.