Mean Reversion Horizontal Indicator - NinjaTrader 8
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, as well as the ability to visually highlight events of price reaching drawdown or growth 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
The file you purchased (MainArchive.zip) consists of:
1) Manual to (bots, indicators, etc)
2) ImportArchive.zip (bots, indicators, etc).
In the NinjaTrader 8 trading terminal, using standard functions, we import the purchased archive MeanReversion.zip through the tools to import the addon. Next, in the chart window, click on the indicator icon, select our indicator from the list, set the parameters and click ok.
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, as well as the ability to visually highlight events of price reaching drawdown or growth 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
The file you purchased (MainArchive.zip) consists of:
1) Manual to (bots, indicators, etc)
2) ImportArchive.zip (bots, indicators, etc).
In the NinjaTrader 8 trading terminal, using standard functions, we import the purchased archive MeanReversion.zip through the tools to import the addon. Next, in the chart window, click on the indicator icon, select our indicator from the list, set the parameters and click ok.