This Universal Mean-Reverting Swing Trading Strategy is designed for all stocks on the 1D timeframe, making it highly adaptable across markets. It generates long/short signals based on key mean reversion indicators:
🎯 Entry Conditions: 🔹 Long Signal 🟢 – Triggered when price is below the lower Bollinger Band, RSI is below 30, and Z-score is extremely negative. 🔹 Short Signal 🔴 – Triggered when price is above the upper Bollinger Band, RSI is above 70, and Z-score is extremely positive.
⚙️ Customizable Inputs:
Bollinger Band Length & Multiplier RSI Length Z-Score Sensitivity This strategy does not execute buy/sell orders but instead provides long/short signals, allowing traders to manually manage risk and execution. Works best in range-bound markets where mean reversion is dominant.
🔹 Recommended Use: Combine with fundamental analysis or additional technical indicators for optimal results.
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 publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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