Average distribution of price

Average distribution of price

Please find attach below the average distribution indicator of price. It reflects the extreme values of closed price over the last N periods. I add lines treshold that act like frontiers to pretend price are in its extremum values, theses ones are calculated as average of the higher and lower deviation from the N mean.

Because price will always revert to its mean, we can take opposite (contrarian) trades when price crosses upper or lower treshold. 

This indicator could even be use for scalping purpose in the same direction of the price when it reach the upper or lower lines.

Feel free to comments and modify this basic vision of mean reversion indicator.

 

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  1. patrick3 • 10/11/2015 #

    Merci Nicolas pour cet indicateur, il est très utile pour voir les vagues

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