TCC Mean Reversion — Indicator by CarlEverest

TCC Mean Reversion Indicator.

This is the mean reversion indicator. Mean reversions
are my favourite trades. You need to know how to trade
it, and find the best entries.

The mean reversion signals are plotted by this chart as triangles.

- black triangle: mean reversion to the SMA50
- green triangle: mean reversion to the SMA100
- red triangle: mean reversion to the SMA200

- black line: SMA50
- green line: SMA100
- red line: SMA200

You can change the timeframe (resolution) for the plotted moving averages and signals.
This allows you to quickly find mean reversion opportunities across all timeframes.

This is a very powerful tool, if used correctly.
Feel free to add them to your trading toolkit.

Regards,
Carl Everest.

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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