Forex Trading Strategies

The Must-Know about the z-score Statistical Indicator MT4

4 min read

The Z-Score is a statistical indicator used in Forex trading to provide traders with an understanding of the current market conditions. It is based on three different indicators—rsi, moving average, and Bollinger Bands—to give the trader a comprehensive overview of the trend, momentum, and direction of the market. By combining these three valuable technical indicators into one collective score, the Z-Score can help Forex traders make educated decisions in an efficient and timely manner. This can result in more profitable trades and can help minimize the risk associated with trading.