- The script shows the distance in percentages from the 200 MA (or any other MA period) , for the 11 SP500 sectors. - It works based on the current time frames. Could be useful when working with mean reversion strategies to detect extremes zones and overbought/oversold conditions in the given sectors compared others.
LNL Keltner Candles This indicator plots mean reversion (reversal) arrows with custom painted candles based on the price touch or close above or below keltner channel limits (upper & lower bands). This study was created primarily for swing trading & higher time frames such as daily and weekly. Lower time frames might result in more false signals. Mean Reversal...
This Indicator shows the Absolute Rate of Change in correlation to its Moving Average. Values over 3 (gray dotted line) can savely be considered as a breakout; values over 4.5 got a high mean-reverting chance (red dotted line). This Indicator can be used in all timeframes, however, i recommend to use it <30m, when you want search for meaningful Mean-Reverting...
The early warning system is constructed by converting a short alpha-length Laguerre filter into a normalized, horizontal line. This line is then placed into a chart on the zero axis. The calculation underpinning this line is identical to that produced by a moving filter or traditional moving average. Each current bar’s succeeding data is incorporated into the...
Bar colors: Red = lower low Green = higher high Yellow = Extreme, potential reversal upcoming ***Ignore when price breakout\trends, as this is for Mean-Reversion***