The Return to the Mean Oscillator shows the spread between the selected mean study and the actual close in price.
In this first version, I'm including the All-Time Historical Mean, which is the evolution of the mean value of that asset since its inception.
By using this indicator we are able to see if a particular market is trading above/below historical mean...
The Return to the Mean plots reference values that price action tends to revisit each cycle.
In this first version, I'm including the All-Time Historical Mean, which is the evolution of the mean value of that asset since its inception.
By using this indicator we are able to see if a particular market is trading above/below historical mean value.
Moreover, we can...
The Mean Oscillator shows the spread between the historical mean and the actual close price.
By using this indicator we are able to see if a particular market is trading above/below historical mean value.
The Mean value equals zero in the oscillator scale.
Therefore, we can use this indicator to clearly identify 'Return to the Mean' moves.
Note: Tradingview...
The Mean Machine plots the evolution of the mean value of that asset since its inception.
By using this indicator we are able to see if a particular market is trading above/below historical mean value.
Moreover, we can use this indicator to anticipate powerful 'Return to the Mean' moves.
Note: Tradingview limits the number of candles we can use on each time...
