TsangYouJun

YJ Mean Reversion

Mean reversion strategy, based upon the price deviation (%) from a chosen moving average (bars). Do note that the "gains" are always relative to your starting capital, so if you set a smaller starting capital (e.g. $10000) your gains will look bigger. Also when the strategy tester has finished calculating, check the "Open P/L", as there could still be open trades.

Some Tips:
- Was designed firstly to work on an index like the S&P 500 , which over time tends to go up in value.
- Avoid trading too frequently (e.g. Daily, Weekly), to avoid getting eaten by fees.
- If you change the underlying asset, or time frame, tweaking the moving average may be necessary.
- Can work with a starting capital of just $1000, optimise the settings as necessary.
- Accepts floating point values for the amount of units to purchase (e.g. Bitcoin ).
- If price of units exceeds available capital, script will cancel the buy.
- Adjusted the input parameters to be more intuitive.
Release Notes: Mean reversion strategy, based upon the price deviation (%) from a chosen moving average (bars). Do note that the "gains" are always relative to your starting capital, so if you set a smaller starting capital (e.g. $1000) your gains will look bigger. Also when the strategy tester has finished calculating, check the "Open P/L", as there could still be open trades.

Some Tips:
- Was designed firstly to work on an index like the S&P 500 , which over time tends to go up in value.
- Avoid trading too frequently (e.g. Daily, Weekly, Monthly), to avoid getting eaten by fees.
- If you change the underlying asset, or time frame, tweaking the moving average may be necessary.
- Can work with a starting capital of just $1000, optimise the settings as necessary.
- Accepts floating point values for the amount of units to purchase (e.g. Bitcoin).
- If price of units exceeds available capital, script will cancel the buy.
- Adjusted the input parameters to be more intuitive.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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