Mean Reversion Oscillator

The CandelaCharts – Mean Reversion Oscillator (MRO) is a 0–100 bounded indicator that measures how far price deviates from its moving average, helping traders spot overbought, oversold, and mean reversion conditions.

It can also highlight divergences (when price makes a new high/low but the oscillator fails to confirm), which often signals weakening momentum and potential reversals.