by 
This indicator calculates standardized z-scores of price data across four different lookback periods (6, 14, 26, and 100). Standardizing data subtracts the moving average from the price and divides by the standard deviation. It applies a Double Exponential Mov
Indicator · Pine Script v6 · Own pane
Market-Neutral Pairs
Calculates a z-score of the log price ratio between two crypto pairs, chosen from three Kraken combinations, and shows it in a separate pane.
GitHub stars1on the repository
Pine versionv6current
Lines of code174
Settings8inputs
LicenceNone stated
Last update2 days ago28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Over a lookback of 168 bars it flags entry when the absolute z-score passes 2, exit when it falls to 0.5, a stop at 3.5, and a time limit on holding. It tells which leg to buy and which to sell. As an indicator it places no orders, and fees on four legs are not modelled.
- Log ratio z-score of two crypto pairs
- Entry, exit and stop z-score thresholds
- Maximum holding time in bars
- Leg direction guidance
Details
Published by
nvolpe2007-cell on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Timeframes
M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pair | string | ETH / BTC (A=ETH, B=BTC) | pairSel |
| Exchange | string | KRAKEN | exch |
| Bar interval (PAIRS_INTERVAL_MIN) | string | 60 | tfSel |
| Z-score lookback, bars (PAIRS_LOOKBACK) | int | 168 | lookback |
| Entry |z| (PAIRS_ENTRY_Z) | float | 2.0 | entryZ |
| Exit |z| (PAIRS_EXIT_Z) | float | 0.5 | exitZ |
| Stop |z| (PAIRS_STOP_Z) | float | 3.5 | stopZ |
| Max hold, bars (PAIRS_MAX_HOLD_BARS) | int | 168 | maxHold |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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