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Z-Score Spring v2 is a MetaTrader 5 oscillator based on a rolling Z-score. It measures how many standard deviations price (or log returns) has moved from its recent mean over N bars.
Features: • Z-score line with levels at 0, ±Exit, ±Entry (defaults: 0, ±1, ±2) • Momentum colors on the line (visual only — arrows use Z-cross logic) • Long / short entry arrows on closed bars (default)
Line colors (spring momentum, informational): • Silver — neutral (small Z change) • Orange — tension (Z and dZ