Mean Reversion Indicator

This is a mean reversion indicator that anticipates a local trend reversion. Basically, it is a channel with the mid-line serving as a moving mean baseline. Each of the two curves run up and down within this channel bouncing off from the top and bottom bounds. Touching the bounds serves as an indication of a local trend reversal. The reversal signal is stronger when there exists a resonance (symmetry) in the two curves. The background histogram shows a Karobein oscillator that contributes support or resistance for the signal.
Информация о релизе: Minor fix.
Информация о релизе: Added repainting/non-repainting modes.
Minor fixes.
Информация о релизе: Major fix in time frame management.
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.

Хотите использовать этот скрипт на графике?


I love this indicator. I edited the code and added length 2400. But now when I select 2400 for my length there's an error:

Mean Reversion indicator close 2400: Invalid value of the 'resolution' argument ('2400') in the 'security' function

Can you help?
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