Indicator Z-Score builds a trailing series of an indicator (RSI or ATR %), then scores the latest value as a z-score vs that lookback. Buy when z ≤ −threshold; sell when z ≥ +threshold.
Use it when you want the same statistical language as Price Z-Score / Return Z-Score, but on RSI or volatility level instead of price or returns.
When to use it
- Mean-revert on RSI extremes with a z threshold that travels across symbols
- Flag unusually high or low ATR% (volatility spikes or compressions)
- As a filter: only allow pending sides that match the indicator z fire
What you’ll set in the app
- Indicator —
rsioratrPct(ATR as percent of close) - Period — indicator length (default 14)
- Lookback — bars for mean and σ of the indicator (default 20)
- Z threshold — magnitude that triggers buy/sell (default 2)
Warm-up bars (and zero-σ windows) do not fire.
Tips
- ATR% needs high/low/close history; RSI needs closes only.
- Lower thresholds fire more often; start near 2 and backtest.
- Invert swaps buy and sell (or the filter agreement side).