Local Range

Z-score of close vs its rolling mean (population stdev) over N bars — fires long when the oscillator ≤ −threshold (stretched below the mean); short/both selectable.
Params in use: range period 20, threshold 2.0σ, direction long.

SPY — Local Range Z-Score
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Configure parameters and click Run.
Range Period
Entry Threshold
Direction
Configure grid ranges and click Run.