OPEN-SOURCE SCRIPT
Mean reverting strategy based on time and SMAs
This scripts draws on the graph buy and sell signals based on the time passed since the last touch from 50, 100 and 200 simple moving averages. It is more reliable on longer timeframes (2H to 1W), but can be used up to 5 min charts. Used with some trend and volume analysis should grant better results.
Disclaimer: no results assured, use it at your own risk
Disclaimer: no results assured, use it at your own risk
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.
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
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.
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.