Features

Mean Reversion Oscillator Features

The Mean Reversion Oscillator (MRO) is designed to be simple yet powerful, giving traders a clear view of how far price has stretched away from its mean. Its features focus on clarity, adaptability, and integration with other trading tools.

• 📊 Bounded Scale (0–100): Normalizes price deviations into an easy-to-read range.
• ⚖️ Configurable Inputs: Flexible control over MA Length and StdDev Length to match different trading styles (scalping, swing, long-term).
• 🎨 Dynamic Visuals: Color-coded signals (red, green, blue) and background shading for instant recognition of extremes.
• ➖ Reference Levels: Built-in Overbought, Oversold, and Midline markers to guide interpretation.
• 🔎 Divergence Detection (manual): When price forms new highs/lows but MRO doesn’t, it can reveal hidden momentum shifts.
• 🪶 Lightweight Implementation: Optimized script runs smoothly, even with multiple indicators on chart.