OPEN-SOURCE SCRIPT

Mean Reversion with Volume Analysis

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Key Features of This Script:

Adaptive Parameters
RSI thresholds adjust based on market volatility
Uses ATR to measure current volatility

Volume Confirmation
Only enters trades when volume is above average (vol_ratio > vol_threshold)
Volume spike helps confirm potential reversions

Multi-Timeframe Analysis
Optional higher timeframe confirmation
Ensures you’re not fighting against the larger trend

Volatility Filters
Uses normalized ATR to avoid trading in extremely volatile conditions
BB width provides visual indication of current volatility

Visual Feedback
Plots buy/sell signals directly on the chart
Information panel shows key metrics

Customization Tips:

Adjust the length parameter based on the timeframe you’re trading
Modify bb_mult to be more aggressive (lower value) or conservative (higher value)
The vol_threshold can be increased for stricter volume confirmation
Fine-tune the ATR filter (0.03 in the script) based on your risk tolerance

This script provides both visual signals and automated strategy execution. You can use it in TradingView’s strategy tester to backtest its performance on different assets and timeframes.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.