Meareverstein (mean-reversion)
The idea of mean-reversion is similar to stretching an elastic band. After a certain level, the potential energy to snap back to the initial position increases. For the case of the markets, the initial position is the mean price.
Entries and exits are clearly represented visually, with TP/SL texts when either is being hit.
The default risk-reward ratio is 1.5.
The script can be used on most liquid assets (minimal slippage)
Refer to "Meareverstein performente" below for the accompanying script that showcases the performance in real time.
Data provided will be: Total number of trades, Total returns, and Expectancy.
Invite-only script
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
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Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact PineConnector directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.