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Views:: 8101
Rating:: (15)
Published:: 2019.01.02 14:29
Updated:: 2019.01.28 07:19

Mean_Reversion.mq5 (12.21 KB) view

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Mean reversion is a channel indicator. It displays on the price chart a channel made up of three lines and a moving average

It has two adjustable parameters:

Range - channel calculation range
MA period - period of Moving Average

Calculations:

Highest= Max
Lowest = Min
Median = (Max+Min) / 2

MovAvg = SMA(Close, MA period)

where:

Max, Min - the minimum and maximum prices within the Range

Once the channel reaches the extreme channel value, a position can be opened in the direction outlined by the moving average or towards the channel center. Thus, the indicator helps to make a position entry decision in counter trend strategies, in expect the price is expected to return to the average value.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22999

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