Jump to content

(REQ) Forex mean reversion


Recommended Posts

hie forex93

the formulas used to calculate the two bands are different.

Bollinger Bands Technical Indicator (BB) is similar to Envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from it. Standard deviation is a measure of volatility, therefore Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen and they contract during less volatile periods.

 

The Forex Mean Reversion Indicator calculates and displays a Mean (price) based on the Mean level (a Simple Moving Average) setting.

It then calculates and displays two levels either side of the Mean – These levels are based on percentage movements derived from the current Average True Range (ATR) reading.

Link to comment
Share on other sites

There are a few indicators of this type around - on backtest they look great but in realtime many of them don't actually have the candles touching reversion lines as you see them in history - this is because the rev or mean lines are constantly adjusting to price and may not connect in the present - would be interesting to see if this one is different
Link to comment
Share on other sites

There are a few indicators of this type around - on backtest they look great but in realtime many of them don't actually have the candles touching reversion lines as you see them in history - this is because the rev or mean lines are constantly adjusting to price and may not connect in the present - would be interesting to see if this one is different

I totally agree with loustar in real time they never touch the lower and upper lines , and thats we in the website also we see only tthe past trades shown, its like MBFX lines moving with the price only good to see history not good in live market , same applies here too his webpage does not show any trade saying seel now buy now it says sold here gained xyz pips bought here earned xyz pips, nothing in live market ...

but yes i will be also interested if this is bifferent than other system based on mean

Link to comment
Share on other sites

There are a few indicators of this type around - on backtest they look great but in realtime many of them don't actually have the candles touching reversion lines as you see them in history - this is because the rev or mean lines are constantly adjusting to price and may not connect in the present - would be interesting to see if this one is different

 

It is true that many indicators look good in hindsight coz they repaint the past but unfortunately you cannot make money going backwards on the charts.Just curious,do bollinger bands change position when the candles have closed.

 

Hopefully the forex mean reversion indicator does not repaint. Seeing that it is a clickbank product it won't be long before it shows up on some of the forex product eshops.

Edited by mandiki
Link to comment
Share on other sites

  • 3 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...