Mean Reversion Horizontal Indicator For NinjaTrader 8
Description
The Mean Reversion indicator accurately identifies market turning points by detecting deviations from the average price, allowing traders to profit from both short-term and long-term market trends and swings. This indicator has 2 levels of deviation from the average which can be adjusted by specifying the percentage of deviation for each of the levels, as well as the ability to visually highlight events of price reaching drawdown or growth levels.
To the note
All autostrategies have been developed and tested on history and have not been applied in real trading. This is first of all an idea, a good training example. You can change or modify the script to meet your requirements.
Installation instructions
In the NinjaTrader 8 trading terminal, using standard functions, we import the purchased archive MeanReversion.zip through the tools to import the addon. Next, in the chart window, click on the indicator icon, select our indicator from the list, set the parameters and click ok.
Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
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