OPEN-SOURCE SCRIPT
GMS: Mean Reversion Indicator
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.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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