Multi-Asset Price and Volume Z-Scores for Cross-Sectional Monitoring
Summary
This indicator compares price and volume behavior across a configurable basket of symbols by calculating z-scores relative to moving-average baselines. It offers current, averaged, and relative score modes, plus choices of simple or exponential means, volume or on-balance volume, and calculation timeframe. The display can show symbols as circles, columns, scatter points, or heatmaps, including a delta view that combines price and volume readings.
The scatter plot places each symbol according to its price and volume scores, with optional standard-deviation guide squares and labels for selected outliers. Heatmap coloring provides a compact view of readings across the selected asset group. The source is a visualization tool rather than a stated trading strategy: it supplies no entry or exit rules, validation, or results showing predictive value. Scores depend on the chosen lookback, input series, symbol universe, and timeframe, so comparisons should be interpreted in light of those settings.
Key ideas
- Z-scores express price and volume readings relative to moving-average baselines.
- Users can select current, averaged, or relative score calculations and choose SMA or EMA means.
- Volume scoring can use traded volume or on-balance volume, and calculations can use a selected timeframe.
- Scatter, column, circle, and heatmap displays help compare readings across a configurable symbol group.
- The indicator offers visualization but gives no tested trading rules or evidence that extreme scores predict returns.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.