MR Generic - 4H Optimized

This indicator plots a Z-score based on linear regression over the last 80 bars (about 13–14 days on the 4-hour chart), showing how far the current price has deviated from its trend.

Blue line = Z-score
Red shading = Overbought (above 2.2)
Green shading = Oversold (below -2.2)
Darker red/green = Extreme levels (beyond ±2.8)

Small circles mark regular reversal signals when price starts turning back toward the mean. Tiny diamonds highlight rare, extreme exhaustion points.
Perfect for spotting potential mean reversion setups on stocks in the 4 hour