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 Signals.
Please like, share and subscribe. With your love, im encouraged to write and publish more Indicators.
Notas de prensa
⋅
make the Indicator Levels generic
Notas de prensa
⋅
Drawing negative Threshhold-Lines, hence Mean-Reversion can happen in both directions
Notas de prensa
⋅
Better plotting
Notas de prensa
⋅
Visual updates
Notas de prensa
⋅
small tweaks
Notas de prensa
⋅
- Updated to Version 5 - Choose Colors - Choose Levels - Better default values