PZ Mean Reversion MT4
- Indicators
- PZ TRADING SLU
- Version: 3.0
- Updated: 19 July 2024
- Activations: 20
Outperform traditional strategies: effective mean reversion for savvy traders
Special Offer: Purchase now to receive free bonuses worth $90! (Read more for details)
[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
- Clear trading signals
- Amazingly easy to trade
- Customizable colors and sizes
- Implements performance statistics
- Outperforms most trading strategies
- Displays suitable SL and TP levels
- It implements email/sound/visual alerts
How it works
The indicator measures the standard deviation around a fully customizable moving average from a higher timeframe and uses a trend-following approach to find trades with precision. Trades are found by diving into the price action of the current chart and closed when the price returns to the mean price band, calculated from a higher timeframe of your choosing. Because of the way it is coded, the indicator will stay away from high volatility and strong trending markets and trade only predictable scenarios in which a return to the mean is feasible inside of an acceptable volatility to directionality ratio.
Anatomy of the Indicator
- The green line is the moving average from a higher timeframe (a.k.a the mean)
- The dotted area is the typical price band around the moving average
- The blue line is the breakout price for bullish trades
- The red line is the breakout price for bearish trades
Trades are taken against the mean and closed inside the typical price band.
What to trade
Mean reversion is always taking place in virtually all markets.
- Forex Pairs
- Stock Indices
- Precious Metals
- Commodities
- Crypto Currencies
- Bonds
Recommended Timeframes
- H4 with MN1 Moving Average
- H1 with W1 Moving Average
- M15 with D1 Moving Average
- M1 with H4 Moving Average
Input Parameters
For a detailed description of all the inputs parameters of the indicator, click here.
Buy today and unlock exclusive bonuses!
- PZ Chart Overlay Indicator (worth $30)
- PZ Multi Oscillator Indicator (worth $30)
- PZ Multi TDI Indicator (worth $30)
To claim these bonuses, simply send me a private message. I will provide the bonuses to actual buyers of the indicator. To ensure it is you, please leave a review for the product first, or alternatively, provide the mql5 operation number of your purchase. I'll get back to you with your bonuses as soon as possible.
The price of this indicator might increase next week!
We've introduced dynamic pricing for this indicator to reflect its true market value. With each sale, the price increases by $1, rewarding early buyers. If no sales occur within a week, the price resets to the original rate, with prices updated every Monday. This model lets the market decide the product's value, but there’s always a chance to grab your desired tools at a cheaper price if you prefer to wait.
Excellent indicator, highly configurable
No repainting ... recomended