SMA Imbalance Oscillator
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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.
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.
Notas de prensa:
Added one additional line of code that will keep the oscillator centered at all times.
Notas de prensa:
Fixed an issue with the average look-back formula.
Notas de prensa:
Fixed an issue with the average look-back formula.
Notas de prensa:
More efficient coding for averaging function.
Comentarios
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