Categories: Forex robot reviews

z-Score Statistical Indicator MT4: An Astonishing Tool for Forex Trading

The Z-score statistical indicator is a useful tool for Forex traders, providing essential insights into currency price movements. The Z-score indicator is usually included as part of MetaTrader 4 (MT4) trading platforms, which allow traders to view and analyze the data.

The Z-score indicator computes the standard deviation of a security’s price movements over a given period of time. This number is then transformed into a score, signaling possible price reversals in a currency pair. By using the Z-score, traders can help identify price patterns and assess the strength or weakness of the trend.

In Forex trading, the Z-score indicator can provide valuable information on market movements. By using this tool, traders can better anticipate potential reversals in price.

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