20 MA Reversion

A mean reversion tactic with the 20 SMA:
the indicator is chcking specific parameters, such as the volume related to the last day's volume, distance from 20 SMA, CCI values and changes, trends, and recent gaps that will act as a magnet.
enjoy!

Release Notes

Upgraded

Release Notes

Added an option to visualize the gaps. Only gaps that got created in the past 22 days will be visualized.

Release Notes

Fixed everything CCI - related. Now taking into account the CCI pivot points, 0 line crossing from both directions, and overbought / oversold conditions. Enjoy!

Release Notes

Added more ways of customization - placement of the indicator, changeable values of each indicator, and text color.

Release Notes

Update CCI source and code.

6 days ago

Release Notes

Updated the candlestick logic, as well as CCI indication.
The indicator now shows the reason for most indications in the candlesticks and CCI area!
Hope the indications are easier to read and understand now.

2 days ago

Release Notes

Fixed issues with candlestick detection

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

raijyx

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

raijyx