Z-Score Panel Pro v1.00: Complete Guide to Professional Statistical Analysis for MT5

Z-Score = (Current Price - Moving Average) / Standard Deviation Where: - Current Price = The price being analyzed (Close, Open, High, Low, etc.) - Moving Average = Average price over the specified period - Standard Deviation = Measure of price volatility over the same period

1. Purchase and download Z-Score Panel Pro from MQL5 Market 2. In MetaTrader 5, go to: File → Open Data Folder 3. Navigate to: MQL5 → Indicators → Market 4. Locate ZScorePanelPro.ex5 (automatically installed) 5. Restart MT5 or refresh Navigator (Ctrl+N) 6. In Navigator: Indicators → Market → ZScorePanelPro 7. Drag indicator onto any chart to activate

// Recommended settings for beginners: Z-Score Calculation: InpPeriod = 20 // Standard statistical period InpPrice = PRICE_CLOSE // Most common for Z-Score InpUseEMA = false // SMA is more traditional Alert Thresholds: InpUpperLevel1 = 2.0 // 95% probability warning InpUpperLevel2 = 2.5 // 99% probability danger InpUpperLevel3 = 3.0 // 99.7% extreme level InpLowerLevel1 = -2.0 // Mirror for bearish InpLowerLevel2 = -2.5 InpLowerLevel3 = -3.0 Panel Design: InpCorner = CORNER_TOP_RIGHT // Standard position InpStyle = STYLE_MODERN // Best visual appeal InpOffsetX = 15 InpOffsetY = 50 Multi-Timeframe Display: InpShowM5 = true // Scalping timeframe InpShowM15 = true // Intraday timeframe InpShowH1 = true // Swing timeframe

Parameter: InpPeriod Type: Integer Range: 2 to unlimited (recommended 10-100) Default: 20

// Example with Period = 20 on EURUSD H1 Recent 20 candle closes: 1.0850, 1.0852, 1.0855, 1.0851, 1.0848, 1.0850, 1.0853, 1.0856, 1.0858, 1.0860, 1.0862, 1.0865, 1.0868, 1.0870, 1.0872, 1.0875, 1.0878, 1.0880, 1.0883, 1.0885 (current) Step 1: Calculate Mean (Moving Average) Mean = Sum of all prices / 20 Mean = 21.7284 / 20 = 1.08642 Step 2: Calculate Standard Deviation Variance = Average of (Price - Mean)² StdDev = √Variance = 0.00112 Step 3: Calculate Z-Score Z-Score = (1.0885 - 1.08642) / 0.00112 Z-Score = 0.00208 / 0.00112 = +1.86 Interpretation: Current price is 1.86 standard deviations above the 20-period average - approaching warning zone.

Parameter: InpPrice Type: ENUM_APPLIED_PRICE Options: - PRICE_CLOSE (Close price - most common) - PRICE_OPEN (Open price) - PRICE_HIGH (High price) - PRICE_LOW (Low price) - PRICE_MEDIAN ((High + Low) / 2) - PRICE_TYPICAL ((High + Low + Close) / 3) - PRICE_WEIGHTED ((High + Low + Close + Close) / 4) Default: PRICE_CLOSE

Parameter: InpUseEMA Type: Boolean Options: true (use EMA) / false (use SMA) Default: false

// Upper (Bullish) Thresholds InpUpperLevel1 = 2.0 // Warning Zone threshold InpUpperLevel2 = 2.5 // Danger Zone threshold InpUpperLevel3 = 3.0 // Extreme Zone threshold // Lower (Bearish) Thresholds InpLowerLevel1 = -2.0 // Warning Zone threshold InpLowerLevel2 = -2.5 // Danger Zone threshold InpLowerLevel3 = -3.0 // Extreme Zone threshold

// Conservative Setup (fewer signals, higher confidence) // Use for volatile markets like crypto or exotic pairs InpUpperLevel1 = 2.5 InpUpperLevel2 = 3.0 InpUpperLevel3 = 3.5 InpLowerLevel1 = -2.5 InpLowerLevel2 = -3.0 InpLowerLevel3 = -3.5 // Aggressive Setup (more signals, earlier warnings) // Use for stable markets like major forex pairs InpUpperLevel1 = 1.5 InpUpperLevel2 = 2.0 InpUpperLevel3 = 2.5 InpLowerLevel1 = -1.5 InpLowerLevel2 = -2.0 InpLowerLevel3 = -2.5 // Range Trading Setup (tight bounds) // Use for clearly range-bound instruments InpUpperLevel1 = 1.0 InpUpperLevel2 = 1.5 InpUpperLevel3 = 2.0 InpLowerLevel1 = -1.0 InpLowerLevel2 = -1.5 InpLowerLevel3 = -2.0

Parameter: InpCorner Type: ENUM_PANEL_CORNER Options: - CORNER_TOP_RIGHT = 0 // Top right corner (default) - CORNER_TOP_LEFT = 1 // Top left corner - CORNER_BOTTOM_RIGHT = 2 // Bottom right corner - CORNER_BOTTOM_LEFT = 3 // Bottom left corner Default: CORNER_TOP_RIGHT

Parameter: InpOffsetX Type: Integer Range: 0-500 pixels Default: 15 Description: Horizontal distance from selected corner Parameter: InpOffsetY Type: Integer Range: 0-500 pixels Default: 50 Description: Vertical distance from selected corner

// Tight to corner (minimal spacing) InpOffsetX = 5 InpOffsetY = 5 // Standard spacing (default) InpOffsetX = 15 InpOffsetY = 50 // Large spacing (for busy charts) InpOffsetX = 30 InpOffsetY = 100 // Below One Click Trading panel (TOP_RIGHT corner) InpOffsetX = 15 InpOffsetY = 120 // Positions below MT5's native panel

Parameter: InpWidth Type: Integer Range: 150-400 pixels Default: 200 Recommendation: 180-220 for most screens

Parameter: InpAutoHeight Type: Boolean Options: true / false Default: true Behavior: - true: Panel height adjusts based on enabled MTF rows - false: Fixed height regardless of content Recommendation: Keep true for cleaner appearance

Parameter: InpStyle Type: ENUM_ZSCORE_STYLE Options: - STYLE_MODERN = 0 // Gradient backgrounds, modern look - STYLE_CLASSIC = 1 // Solid colors, traditional appearance - STYLE_MINIMAL = 2 // No background, minimal design Default: STYLE_MODERN

Parameter: InpMainFontSize
Type: Integer
Range: 24-72 pixels
Default: 36
Recommendation:
- Small screens (13-15"): 28-32
- Medium screens (17-24"): 32-40
- Large screens (27"+): 40-48
- 4K displays: 48-60

Parameter: InpSubFontSize Type: Integer Range: 8-20 pixels Default: 11 Recommendation: - Small screens: 9-10 - Medium screens: 10-12 - Large screens: 12-14 - 4K displays: 14-16

Parameter: InpFontFamily Type: String Default: "Segoe UI" Recommended Options: - "Segoe UI" // Modern, clean (Windows default) - "Arial" // Universal compatibility - "Tahoma" // Compact, readable - "Consolas" // Monospace, aligned numbers - "Calibri" // Modern, professional - "Verdana" // High readability

InpBgColor = C'20,22,30' // Panel background color InpBorderColor = C'45,50,65' // Panel border color InpTitleColor = C'140,145,160' // Header and label text color InpNeutralColor = C'220,225,235' // Neutral zone Z-Score color

// Bullish (Positive Z-Score) Colors InpWarningBullish = C'76,175,80' // Green - Warning Zone (+2.0 to +2.5) InpDangerBullish = C'0,188,212' // Cyan - Danger Zone (+2.5 to +3.0) InpExtremeBullish = C'33,150,243' // Blue - Extreme Zone (above +3.0) // Bearish (Negative Z-Score) Colors InpWarningBearish = C'255,152,0' // Orange - Warning Zone (-2.0 to -2.5) InpDangerBearish = C'244,67,54' // Red - Danger Zone (-2.5 to -3.0) InpExtremeBearish = C'233,30,99' // Magenta - Extreme Zone (below -3.0)

// MQL5 uses BGR format (Blue, Green, Red) not RGB! // Format: C'Blue,Green,Red' Examples: C'255,0,0' = Pure Blue C'0,255,0' = Pure Green C'0,0,255' = Pure Red C'255,255,0' = Cyan (Blue + Green) C'255,0,255' = Magenta (Blue + Red) C'0,255,255' = Yellow (Green + Red) C'255,255,255' = White C'0,0,0' = Black

// Dark Theme (Professional) InpBgColor = C'20,22,30' InpBorderColor = C'45,50,65' InpTitleColor = C'140,145,160' InpNeutralColor = C'220,225,235' InpWarningBullish = C'76,175,80' InpDangerBullish = C'0,188,212' InpExtremeBullish = C'33,150,243' InpWarningBearish = C'255,152,0' InpDangerBearish = C'244,67,54' InpExtremeBearish = C'233,30,99' // Light Theme (Clean) InpBgColor = C'245,245,245' InpBorderColor = C'200,200,200' InpTitleColor = C'100,100,100' InpNeutralColor = C'50,50,50' InpWarningBullish = C'34,139,34' InpDangerBullish = C'0,128,192' InpExtremeBullish = C'0,0,255' InpWarningBearish = C'0,128,255' InpDangerBearish = C'0,0,205' InpExtremeBearish = C'128,0,128' // High Contrast (Accessibility) InpBgColor = C'0,0,0' InpBorderColor = C'255,255,255' InpTitleColor = C'200,200,200' InpNeutralColor = C'255,255,255' InpWarningBullish = C'0,255,0' InpDangerBullish = C'255,255,0' InpExtremeBullish = C'255,0,255' InpWarningBearish = C'0,128,255' InpDangerBearish = C'0,0,255' InpExtremeBearish = C'255,0,0' // Monochrome (Minimal) InpBgColor = C'30,30,30' InpBorderColor = C'60,60,60' InpTitleColor = C'150,150,150' InpNeutralColor = C'200,200,200' InpWarningBullish = C'100,100,100' InpDangerBullish = C'150,150,150' InpExtremeBullish = C'200,200,200' InpWarningBearish = C'100,100,100' InpDangerBearish = C'150,150,150' InpExtremeBearish = C'200,200,200'

Parameter: InpShowMTF Type: Boolean Options: true / false Default: true Recommendation: Keep enabled for full functionality Note: Disabling removes all MTF rows, shows only current timeframe

InpShowM1 = false // 1-minute chart InpShowM5 = true // 5-minute chart InpShowM15 = true // 15-minute chart InpShowM30 = false // 30-minute chart InpShowH1 = true // 1-hour chart InpShowH4 = false // 4-hour chart InpShowD1 = false // Daily chart

// Scalping Setup (fast timeframes) InpShowM1 = true InpShowM5 = true InpShowM15 = true InpShowM30 = false InpShowH1 = false InpShowH4 = false InpShowD1 = false Strategy: Look for M1/M5/M15 Z-Score alignment for quick reversions // Intraday Trading Setup (balanced) InpShowM1 = false InpShowM5 = true InpShowM15 = true InpShowM30 = true InpShowH1 = true InpShowH4 = false InpShowD1 = false Strategy: M15/M30/H1 confluence for swing trades within the day // Swing Trading Setup (slower timeframes) InpShowM1 = false InpShowM5 = false InpShowM15 = false InpShowM30 = false InpShowH1 = true InpShowH4 = true InpShowD1 = true Strategy: H1/H4/D1 Z-Score extremes for multi-day positions // Complete Analysis (all timeframes) InpShowM1 = true InpShowM5 = true InpShowM15 = true InpShowM30 = true InpShowH1 = true InpShowH4 = true InpShowD1 = true Strategy: Full spectrum analysis, maximum confluence detection

// Scenario: EURUSD shows following Z-Scores Current Chart: H1 M5: +1.2 (Neutral - no signal) M15: +2.3 (Warning Bullish) M30: +2.7 (Danger Bullish) H1: +3.1 (Extreme Bullish) ← Current timeframe H4: +2.8 (Danger Bullish) D1: +2.4 (Warning Bullish) Analysis: - All monitored timeframes show positive Z-Scores - Multiple timeframes in Danger/Extreme zones - Strong confluence suggesting overbought condition - H1 extreme (+3.1) confirms by higher timeframe extremes Trading Decision: - High probability mean reversion SELL setup - Wait for price action confirmation (bearish candle, rejection) - Target: Return to neutral zone (Z-Score approaching 0) - Stop loss: Above recent swing high

Parameter: InpShowHeader Type: Boolean Default: true Function: Shows "Z-SCORE" title at top of panel Recommendation: Keep enabled for clarity, disable for minimal look

Parameter: InpShowTrend Type: Boolean Default: true Function: Displays ▲ (up arrow) for positive Z-Score, ▼ (down arrow) for negative Benefit: Instant visual direction without reading numbers Recommendation: Enable for quick glance analysis

Parameter: InpShowMeter Type: Boolean Default: true Function: Horizontal bar showing Z-Score position across zones Benefit: Visual representation of Z-Score magnitude Recommendation: Enable for enhanced visual feedback

Parameter: InpMeterSegments Type: Integer Range: 5-11 segments (must be odd number) Default: 7 Function: Number of segments in level meter Recommendation: - 5 segments: Minimal, clean appearance - 7 segments: Balanced detail (recommended) - 9-11 segments: Maximum precision, busier look

Parameter: InpShowSignalDot Type: Boolean Default: true Function: Small colored dot matching current Z-Score zone Benefit: Additional visual cue, especially useful when panel is compact Recommendation: Enable for redundant visual confirmation

Parameter: InpShowZoneLabel
Type: Boolean
Default: true
Function: Shows text label of current zone ("EXTREME", "DANGER", "WARNING", "NEUTRAL")
Benefit: Clear identification of market condition without interpreting numbers
Recommendation: Enable for beginners, optional for experienced users

// Maximum Information (all elements enabled) InpShowHeader = true InpShowTrend = true InpShowMeter = true InpShowSignalDot = true InpShowZoneLabel = true InpMeterSegments = 7 Result: Full-featured panel with all visual aids // Minimal Clean (essential only) InpShowHeader = false InpShowTrend = true InpShowMeter = false InpShowSignalDot = false InpShowZoneLabel = false Result: Just Z-Score value and trend arrow - compact // Moderate (balanced) InpShowHeader = true InpShowTrend = true InpShowMeter = true InpShowSignalDot = false InpShowZoneLabel = false InpMeterSegments = 5 Result: Good balance of info and clean appearance

Parameter: InpEnableAlerts Type: Boolean Default: true Function: Master switch for entire alert system Note: When false, all alerts disabled regardless of other settings

InpAlertLevel1 = true // Alert when Z-Score enters Warning Zone (±2.0) InpAlertLevel2 = true // Alert when Z-Score enters Danger Zone (±2.5) InpAlertLevel3 = true // Alert when Z-Score enters Extreme Zone (±3.0) InpAlertReturn = false // Alert when Z-Score returns to Neutral Zone

InpPopupAlert = true // Show alert dialog box in MT5 InpSoundAlert = true // Play sound file InpPushAlert = false // Send push notification to mobile MT5 app InpEmailAlert = false // Send email notification InpSoundFile = "alert2.wav" // Sound file to play (MT5/Sounds folder)

Parameter: InpAlertCooldown Type: Integer Unit: Seconds Range: 0-3600 (0 to 1 hour) Default: 300 (5 minutes) Function: Minimum time between consecutive alerts

// No Cooldown (every trigger fires alert) InpAlertCooldown = 0 Risk: Potential alert spam in volatile conditions Use: Testing, extremely important signals only // Short Cooldown (1 minute) InpAlertCooldown = 60 Risk: Still may get frequent alerts in choppy markets Use: Scalping, very active monitoring // Standard Cooldown (5 minutes) - RECOMMENDED InpAlertCooldown = 300 Balance: Good spam prevention while catching important moves Use: Most trading styles, general purpose // Long Cooldown (15 minutes) InpAlertCooldown = 900 Benefit: Minimal interruptions, only significant changes Use: Swing trading, position trading // Extended Cooldown (1 hour) InpAlertCooldown = 3600 Benefit: Very selective alerts, major extremes only Use: Long-term analysis, end-of-day reviews

// Strategy 1: Conservative (avoid false alarms) InpEnableAlerts = true InpAlertLevel1 = false // Ignore warning zone InpAlertLevel2 = false // Ignore danger zone InpAlertLevel3 = true // Only extreme zones InpAlertReturn = false InpPopupAlert = true InpSoundAlert = true InpPushAlert = true InpAlertCooldown = 600 // 10 minutes Result: Only highest-probability setups, minimal noise // Strategy 2: Aggressive (catch all signals) InpEnableAlerts = true InpAlertLevel1 = true // All warning zones InpAlertLevel2 = true // All danger zones InpAlertLevel3 = true // All extreme zones InpAlertReturn = true // Even neutral returns InpPopupAlert = true InpSoundAlert = true InpPushAlert = false InpAlertCooldown = 60 // 1 minute Result: Maximum signal detection, higher noise // Strategy 3: Balanced (recommended) InpEnableAlerts = true InpAlertLevel1 = false // Skip warning (too frequent) InpAlertLevel2 = true // Danger zones InpAlertLevel3 = true // Extreme zones InpAlertReturn = false // Focus on extremes only InpPopupAlert = true InpSoundAlert = true InpPushAlert = true InpAlertCooldown = 300 // 5 minutes Result: Good balance of signal quality and quantity // Strategy 4: Mobile Only (away from desk) InpEnableAlerts = true InpAlertLevel1 = false InpAlertLevel2 = false InpAlertLevel3 = true // Only extremes InpAlertReturn = false InpPopupAlert = false // No popup (not at computer) InpSoundAlert = false // No sound (not at computer) InpPushAlert = true // Mobile only InpEmailAlert = true // Mobile + email backup InpAlertCooldown = 600 // 10 minutes Result: Remote monitoring, critical alerts only

// Step-by-step Push Notification Setup: 1. Install MetaTrader 5 mobile app (iOS or Android) 2. In mobile app: - Go to Settings → Messages - Note your MetaQuotes ID (format: XXXX-YYYY-ZZZZ) 3. In MT5 desktop: - Go to Tools → Options → Notifications - Enable notifications - Enter your MetaQuotes ID - Click "Test" to verify 4. In Z-Score Panel Pro: - Set InpPushAlert = true - Configure which levels trigger alerts - Test with known Z-Score extreme condition 5. Verify: - Generate test alert (or wait for real signal) - Check mobile device for notification - Adjust InpAlertCooldown if receiving too many

// Email Alert Configuration: 1. In MT5 desktop: - Go to Tools → Options → Email - Enable email notifications - Enter SMTP server details (e.g., smtp.gmail.com) - Enter port (typically 465 for SSL or 587 for TLS) - Enter your email address - Enter email password (or app-specific password) - Click "Test" to verify 2. Common SMTP Settings: Gmail: - SMTP: smtp.gmail.com - Port: 587 (TLS) or 465 (SSL) - Note: Requires app-specific password if 2FA enabled Outlook/Hotmail: - SMTP: smtp.office365.com - Port: 587 Yahoo: - SMTP: smtp.mail.yahoo.com - Port: 465 or 587 3. In Z-Score Panel Pro: - Set InpEmailAlert = true - Configure alert levels - Test and verify email delivery

Parameter: InpStoreBuffer Type: Boolean Default: true Function: Stores Z-Score values in indicator buffers for programmatic access Recommendation: Keep enabled for EA integration, disable if not needed

Parameter: InpPrecision Type: Integer Range: 0-4 decimal places Default: 2 Examples: - 0: Displays 2 (no decimals) - 1: Displays 2.3 (one decimal) - 2: Displays 2.34 (two decimals - recommended) - 3: Displays 2.345 (three decimals) - 4: Displays 2.3456 (four decimals)

// Complete EA integration example #property strict // Global variables int g_zscore_handle; double g_zscore_buffer[]; //+------------------------------------------------------------------+ //| Expert initialization function | //+------------------------------------------------------------------+ int OnInit() { // Create indicator handle g_zscore_handle = iCustom(_Symbol, _Period, "Market\\ZScorePanelPro", 20, // InpPeriod PRICE_CLOSE, // InpPrice false); // InpUseEMA if(g_zscore_handle == INVALID_HANDLE) { Print("Failed to create Z-Score Panel Pro handle"); return INIT_FAILED; } // Set buffer as series ArraySetAsSeries(g_zscore_buffer, true); return INIT_SUCCEEDED; } //+------------------------------------------------------------------+ //| Expert tick function | //+------------------------------------------------------------------+ void OnTick() { // Copy Z-Score buffer data if(CopyBuffer(g_zscore_handle, 0, 0, 3, g_zscore_buffer) <= 0) { Print("Failed to copy Z-Score buffer"); return; } // Access current and previous Z-Score values double current_zscore = g_zscore_buffer[0]; double prev_zscore = g_zscore_buffer[1]; // Example: Mean reversion strategy if(current_zscore > 2.5 && prev_zscore <= 2.5) { // Z-Score just entered Danger zone from below // Potential overbought condition - prepare for sell Print("Z-Score entered overbought danger zone: ", current_zscore); // Add your trading logic here // Example: Open sell position // OrderSend(...); } else if(current_zscore < -2.5 && prev_zscore >= -2.5) { // Z-Score just entered oversold danger zone // Potential buying opportunity Print("Z-Score entered oversold danger zone: ", current_zscore); // Add your trading logic here // Example: Open buy position // OrderSend(...); } // Example: Exit strategy if(MathAbs(current_zscore) < 0.5 && MathAbs(prev_zscore) >= 0.5) { // Z-Score returning to neutral - mean reversion complete Print("Z-Score returned to neutral: ", current_zscore); // Close positions // CloseAllPositions(); } } //+------------------------------------------------------------------+ //| Expert deinitialization function | //+------------------------------------------------------------------+ void OnDeinit(const int reason) { // Release indicator handle if(g_zscore_handle != INVALID_HANDLE) IndicatorRelease(g_zscore_handle); }

// Function to get Z-Score from any timeframe double GetMTFZScore(string symbol, ENUM_TIMEFRAMES timeframe, int period) { double buffer[]; ArraySetAsSeries(buffer, true); // Create handle for specific timeframe int handle = iCustom(symbol, timeframe, "Market\\ZScorePanelPro", period, PRICE_CLOSE, false); if(handle == INVALID_HANDLE) return EMPTY_VALUE; // Copy current Z-Score if(CopyBuffer(handle, 0, 0, 1, buffer) <= 0) { IndicatorRelease(handle); return EMPTY_VALUE; } double zscore = buffer[0]; IndicatorRelease(handle); return zscore; } // Usage example: Check confluence across timeframes void CheckMTFConfluence() { double z_m5 = GetMTFZScore(_Symbol, PERIOD_M5, 20); double z_m15 = GetMTFZScore(_Symbol, PERIOD_M15, 20); double z_h1 = GetMTFZScore(_Symbol, PERIOD_H1, 20); double z_h4 = GetMTFZScore(_Symbol, PERIOD_H4, 20); // Check for bullish extreme confluence if(z_m5 > 2.5 && z_m15 > 2.5 && z_h1 > 2.5 && z_h4 > 2.5) { Print("STRONG OVERBOUGHT CONFLUENCE across all timeframes!"); // High probability mean reversion sell setup } // Check for bearish extreme confluence if(z_m5 < -2.5 && z_m15 < -2.5 && z_h1 < -2.5 && z_h4 < -2.5) { Print("STRONG OVERSOLD CONFLUENCE across all timeframes!"); // High probability mean reversion buy setup } }

// Configuration InpPeriod = 20 InpUpperLevel3 = 3.0 InpLowerLevel3 = -3.0 InpShowMTF = true InpShowM15 = true InpShowH1 = true InpShowH4 = true InpAlertLevel3 = true // Entry Rules: 1. Wait for Z-Score to reach Extreme Zone (±3.0) on H1 2. Confirm: At least 2 of 3 MTF timeframes also extreme 3. Wait for price action confirmation (reversal candle pattern) 4. Enter counter-trend position // Exit Rules: 1. Primary: Z-Score returns to neutral (<±1.0) 2. Alternative: Fixed 2:1 or 3:1 risk-reward ratio 3. Stop loss: Beyond recent swing high/low // Example Setup: - EURUSD H1 Z-Score: +3.2 (Extreme Bullish) - M15 Z-Score: +2.8 (Danger Bullish) - H4 Z-Score: +3.1 (Extreme Bullish) - Price shows bearish engulfing candle → SELL entry with target at Z-Score = 0

// Configuration InpPeriod = 20 InpUpperLevel2 = 2.5 InpLowerLevel2 = -2.5 InpShowM5 = true InpShowM15 = true InpShowM30 = true InpShowH1 = true InpAlertLevel2 = true // Entry Rules: 1. Wait for Z-Score Danger Zone (±2.5) on M15 2. Check M5, M30, H1 for same direction extreme (any level) 3. Minimum 3 of 4 timeframes must show extreme readings 4. Enter immediately without waiting for confirmation // Exit Rules: 1. Exit 50% at Z-Score = ±1.0 2. Move stop to breakeven 3. Exit remaining at Z-Score = 0 or reversal signal // Risk Management: - Risk 1% per trade - Max 3 concurrent positions - Daily stop: 3% account

// Best for ranging markets

// Configuration
InpPeriod = 14           // Shorter period for sensitivity
InpUpperLevel1 = 1.5     // Lower thresholds
InpLowerLevel1 = -1.5
InpShowMeter = true
InpAlertLevel1 = true

// Setup Identification:
1. Identify ranging market (ADX < 25, sideways price action)
2. Draw support and resistance levels
3. Wait for Z-Score to reach ±1.5 near S/R levels

// Entry Rules:
- BUY: Z-Score < -1.5 AND price at support
- SELL: Z-Score > +1.5 AND price at resistance

// Exit Rules:
- Target: Opposite range boundary
- Stop: Outside range boundary (tight stops)
- Or: Z-Score crosses zero (neutral)

// Additional Filters:
- Only trade during active market hours
- Avoid news events
- Confirm with volume analysis

// Combine Z-Score with trend direction // Configuration InpPeriod = 20 InpShowH1 = true InpShowH4 = true InpShowD1 = true // Trend Determination (use separate MA indicator): - 50 EMA: Short-term trend - 200 SMA: Long-term trend - Uptrend: Price > 200 SMA - Downtrend: Price < 200 SMA // Entry Rules (Trend Following with Z-Score Timing): UPTREND: 1. Confirm uptrend (price > 200 SMA) 2. Wait for Z-Score pullback: Z < -2.0 on H1 3. Indicates temporary oversold in uptrend 4. BUY when Z-Score starts rising from oversold 5. Ignore bullish extremes (Z > +2.0) - let trend run DOWNTREND: 1. Confirm downtrend (price < 200 SMA) 2. Wait for Z-Score rally: Z > +2.0 on H1 3. Indicates temporary overbought in downtrend 4. SELL when Z-Score starts falling from overbought 5. Ignore bearish extremes (Z < -2.0) - let trend run // Exit Rules: - Trail stop with 50 EMA - Or: Opposite Z-Score signal - Or: Trend reversal (price crosses 200 SMA)

// 1. Reduce CPU usage - Disable unused MTF timeframes - Set InpStoreBuffer = false if not using EA integration - Use STYLE_MINIMAL for lightest rendering // 2. Minimize visual clutter - Disable InpShowMeter if not needed - Set InpShowZoneLabel = false for experienced users - Use fewer InpMeterSegments (5 instead of 11) // 3. Optimize alerts - Set reasonable InpAlertCooldown (300-600 seconds) - Disable InpAlertLevel1 (Warning zone too frequent) - Use InpPushAlert only for critical signals // 4. Multi-chart setup - Different periods per chart (14, 20, 50) - Different thresholds for different instruments - Assign different corners to avoid overlap