Mean Reversion Trading With IV Metrics (By MC) - Mobile Friendly

This is a comprehensive mobile-optimized, multi-function trading indicator designed to assess mean reversion probabilities, pair correlations, and implied volatility metrics for single and paired securities. It includes a dynamic table and alert system for active trade decision support.

🔍 Key Features

📈 Mean Reversion % Probability

• Calculates reversion probability based on historical deviation from mean price.
  
• Supports both current chart timeframe and daily timeframe.
  
• Plots signals for:
  

  Strong Reversion (e.g., >75% probability)
  Moderate Reversion

• User-configurable thresholds and plot styles (line/histogram).
  

🔗 Pair Correlation Engine

• Compares any two user-selected tickers (e.g., SPY/TLT).
  
• Computes z-score of their price ratio.
  
• Displays correlation coefficient and color-coded strength.
  

📊 Volatility Metrics & IV Analysis

• Calculates:
  

Current IV

• IV Percentile Rank (IVR)
• Fair IV using 3 methods:
  

  Market-relative (IV vs. SPX HV)
  SMA of HV
  SMA of VIX

• Implied Move over a forecast period (e.g., user-defined number of days)

• Shows IV boundaries:
  

  *IV0, IV10, IV90, IV100
  *User-defined percentile bounds

⚠️ Alerts & Trade Signals

• Reversion-based alerts (Strong/Moderate).
  
• IV vs. Fair IV alerts.
  
• "Trade Quality" label rating (Very Low → High).
  

📋 Detailed Table Dashboard

• Customizable view: Compact or Full.
  
• Mobile-optimized layout with adjustable text size and placement.
  
  
• Includes:
  

• Mean reversion % (chart + daily)
  
• Pair correlation stats
  
• IV, IVR, Fair IV
  
• Net Implied Move range (upper/lower bounds)
  
• Trade quality, IV boundaries
  
• Correlation to SPY
  
• Today's % move
  
• Historical green/red day %s
  
• Avg % up/down moves
  

🌐 Market Volatility Overview

• Live readings of:
  

  VIX, VIX1D, VVIX
  MOVE (bond vol)
  GVZ (gold vol)
  OVX (oil vol)

• Includes % changes and color-coded risk interpretation.
  

📉 VIX-Based Expected Move Zones

• Optional display of 1σ / 2σ / 3σ bounds based on VIX-derived expected moves.
  
• Plots and labels price bands around mean using √12 scaling for monthly estimation.
  

🛠️ Customization Options

• Fully configurable via inputs:
  

• Lookback periods
  
• Z-score thresholds
  
• Volatility calculation method
  
• Text/table layout, compact/full mode
  
• Alert toggles and thresholds
  

This indicator is ideal for:

• Mean reversion traders
  
• Options volatility analysis
  
• Correlation-based pair trading
  
• Volatility environment tracking