Mean Reversion Horizontal Indicator For NinjaTrader WEB icon

Mean Reversion Horizontal Indicator For NinjaTrader WEB

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Mean Reversion Horizontal Indicator For NinjaTrader WEB

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.

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

1.Log in to your NinjaTrader web terminal account.

2.Drag and drop the Code Explorer panel onto your workspace. This panel is usually located on the left side of the terminal, and you can drag it by clicking and holding the mouse button on the panel title bar.

3.When the Code Explorer panel is open, click the “File ”+”Import” button in the panel. In the Import dialog box, locate the indicator file with the extension “IndicatorName.js” on your computer and click the “Open” button to import it into Code Explorer.

4.To open the indicator on the chart, go to the chart and click on the “Indicators” icon on the toolbar. This icon looks like the x and y axis and is located in the upper left corner of the chart.

5.In the list of indicator groups, select your indicator in the “ASF” group.

6.After selecting the indicator, make the necessary additional settings and click “OK” to apply the indicator to the chart.

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.

Tags

automated tradingcandlestick patternschartingprice actiontechnical analysis

External listing. code.market does not sell this product and does not process payment for it. Pricing, payment, delivery, licensing, refunds, and support are handled by the third-party merchant on its own website. We may earn an affiliate commission from a referral. Details.

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