™TradeChartist Momentum Drift Oscillator is a elegantly designed Oscillator that uses both trend following and mean reversion models, that helps visualize the price momentum, based on user defined lookback period and standard deviation. =================================================================================================================== Momentum...
™TradeChartist Range Bands is an exceptionally well designed Entry/Exit indicator that plots fluid Range Bands and dynamic Support/Resistance levels on chart, along with trade entries by using both trend following and mean reversion principles. =================================================================================================================== ...
Here I propose another band indicator, it is tuned to consider volatility expansion and compression, average possible movement, and RSI position to identify dominant sentiment in the market. When you should go long that center band line will be colored lime when you are to enter shorts it will be red, this signal is great for trading both trending and...
Here I propose another simple S/R band technique, works on all TF and all securities, this is again one of the simplest forms of logic with a little tweak to tackle modern volatile markets. It enables us to trade both mean reversion as well as breakout trades as it works in both trending and non-trending markets. You can even use pre-existing ranges as good...
KILTED NESSIE v1.0 Description: Uses the “Kilted Strength Meter” for confirmation to take a trade as this system is designed for a ranging market (as shown). This is a simple mechanical system that was tested on 30min charts with a very good win rate which is what we want from a mean reversion based system and it is designed for a 1:1 risk to reward ratio. The...
Indicator tracks percentage distance between current price and its historical deviations, to produce premium and discount zones, suggest mean reversions,cooldowns and pullbacks Script so far is traditional,simple, and straight forward ,tinkered it real quick on friend request after failing to find properly done and intuitive work on Bollinger Bands % in pine...
I wanted to apply an RSI filter to some of the new Candlestick Patterns (in the indicators tab) since some of them looked to be quite effective for picking reversals. Turns out it's a pretty good pairing. You can modify the RSI length in addition to the upper and lower thresholds. I also added in check boxes to combine different bullish and bearish patterns. The...
A hammer candle is defined here as 1) the lower shadow (wick) is at least twice the length of the main body and 2) the close is in the top half of the range. A shooting star has the opposite conditions 1) the upper shadow is at least twice the size of the main body and 2) the close is in the lower half of the range. These candles should not be used by themselves...
This indicator is free to all Oasis Trading Group members. The Wick Sniper was created to catch volatile moves that are extended from the mean. It uses an advanced ATR formula to follow price like a band, with an upper deviation and a lower deviation. I have also added a 1 candle offset so that the moves are not in "hindsight". Feel free to experiment with the...
Count of previous bars above or below a chosen Exponential Moving Average. Typically price reconnects with well defined EMAs regularly. If the price has been above/below an EMA for too long, you can expect a reconnect in a short order and bet on mean reversion strategies.
1 - What is the Channel ATR indicator This is an envelope indicator (like the Bollinger bands indicator) used to evaluate how much the price diverge from it's moving average. This indicator can be used as a system on it's own. I recommend to use it when the market goes side way, although, you can also use it when the market is trending. What makes this...
this is a mean reversion strategy using ema std deviations use flat scaling 5 orders buy and sell - just close it back when it hits the VWMA strategy operates to make dozens of small profitable trades in exchange for a larger loss on rare trending moves. It works by projecting five 0.5% std deviations from the ema as volatility bands to help you scale into...
This is based on my GMS: Mean Reversion Indicator () Features: - % Based Profit Target and Stop Loss - SMA Trend Filter - Can choose trade exit based off a moving average or linear regression curve - Filter for long only trades, short only trades, or both at the same time. Source code is open, so feel free to take a look! I hope it helps, Andre
This is just the close represented as a standard deviation away from an "x" period linear regression. You can select the price source as well.
This script has the Vwap and three standard deviation to it. Used for mean reversion
Introduction Swing Trader Assist indicator is designed to assist in the systematic identification of Hammers & Lookback signals within Uptrending markets, Stars & Lookback signals within Downtrending markets, and Mean Reversion signals within Sideways markets. The trader must first identify a strong market trend, then apply the indicator. Application of the...
Trading strategy on moving averages. Based on Mean reversion. These algorithmic strategies are based on a concept that assumes a regular return of the price to a certain average level, provided that a sufficiently long time distance is considered. The main objective of such strategies is to determine the expected level of price return. Interconnected with Envelopes.