This oscillator is used for *mean reversion* strategies only.
This oscillator calculates the real-time distance of a price-point subtracted from the SMA, then compares it to the average distance to determine equilibrium imbalances. When the imbalance becomes less and goes under the signal line, a reversal is very likely.
Do not trade mean reversion during any news events.
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Added one additional line of code that will keep the oscillator centered at all times.
Sürüm Notları
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Fixed an issue with the average look-back formula.
Sürüm Notları
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Fixed an issue with the average look-back formula.
Can you explain the colour coding of the histogram as well as the direction of why the host is below or above
giox01
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Hello,
Your indicator is very interesting as I also trade mean reversion and to ask if perhaps know if there might be something similar in SierraCharts indicators? Of if it could be possible to construct such an indicator with the study indicators provided in SierraCharts?
Thank you
Gio
UnknownUnicorn10168342
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Anyone using this script in metatrader 5?
Zen4Sky
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sir interesting indicator sir can u pls tell how to find overlay version of this indicator thank you