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Elaris Mean Reversion Pro
Elaris Mean Reversion Pro
Elaris Mean Reversion Pro is a multi-factor mean reversion indicator designed to help traders identify situations where price has moved significantly away from its statistical mean and may be entering a potential reversion phase.
The indicator combines adaptive deviation bands, volatility measurements, momentum filters, market regime analysis, and optional higher-timeframe confirmation to provide a structured framework for analyzing stretched market conditions.
Unlike simple overbought and oversold tools, Elaris Mean Reversion Pro allows users to customize how extremes are measured through Z-Score, ATR-based, or hybrid deviation models while incorporating optional confirmation layers such as RSI, MFI, volume, ADX, and higher-timeframe trend filters.
Key Features
• Multiple mean calculation methods including EMA, SMA, RMA, WMA, VWMA, and HMA.
• Three deviation models:
* Z-Score Bands
* ATR Bands
* Hybrid Bands
• Mean reversion signal engine with multiple confirmation styles:
* Extreme Touch
* Mean Reclaim
* Candle Rejection
• Optional RSI and MFI extreme-condition filters.
• ADX-based market regime filter to help identify environments where mean reversion conditions may be more relevant.
• Optional volume and volatility filters.
• Higher-timeframe confirmation framework.
• Signal quality scoring system.
• Dynamic mean, deviation bands, and reversion zones.
• Built-in dashboard displaying:
* Market state
* Z-Score
* Distance from mean
* Momentum readings
* Regime status
* Higher-timeframe bias
• Alert conditions for:
* Long mean reversion signals
* Short mean reversion signals
* Upper extreme zones
* Lower extreme zones
How It Works
The indicator calculates a central mean and measures how far price has deviated from that mean using statistical or volatility-based methods.
When price reaches an extreme deviation zone, the indicator evaluates additional confirmation factors such as candle behavior, momentum conditions, volatility, volume, and trend regime before generating a signal.
Signals are intended to highlight potential mean reversion conditions and should be evaluated alongside the trader's own market analysis and risk management process.
Non-Repainting
This indicator uses confirmed bar logic and higher-timeframe requests with lookahead disabled. Signals are generated using closed-bar information and do not intentionally repaint historical signals.
Notes
Mean reversion techniques may behave differently across various market conditions. Strong directional trends, high-impact news events, and volatility expansions can influence market behavior and should always be considered when interpreting indicator outputs.
This tool is designed for market analysis and educational purposes only and does not constitute financial advice.
Elaris Mean Reversion Pro is a multi-factor mean reversion indicator designed to help traders identify situations where price has moved significantly away from its statistical mean and may be entering a potential reversion phase.
The indicator combines adaptive deviation bands, volatility measurements, momentum filters, market regime analysis, and optional higher-timeframe confirmation to provide a structured framework for analyzing stretched market conditions.
Unlike simple overbought and oversold tools, Elaris Mean Reversion Pro allows users to customize how extremes are measured through Z-Score, ATR-based, or hybrid deviation models while incorporating optional confirmation layers such as RSI, MFI, volume, ADX, and higher-timeframe trend filters.
Key Features
• Multiple mean calculation methods including EMA, SMA, RMA, WMA, VWMA, and HMA.
• Three deviation models:
* Z-Score Bands
* ATR Bands
* Hybrid Bands
• Mean reversion signal engine with multiple confirmation styles:
* Extreme Touch
* Mean Reclaim
* Candle Rejection
• Optional RSI and MFI extreme-condition filters.
• ADX-based market regime filter to help identify environments where mean reversion conditions may be more relevant.
• Optional volume and volatility filters.
• Higher-timeframe confirmation framework.
• Signal quality scoring system.
• Dynamic mean, deviation bands, and reversion zones.
• Built-in dashboard displaying:
* Market state
* Z-Score
* Distance from mean
* Momentum readings
* Regime status
* Higher-timeframe bias
• Alert conditions for:
* Long mean reversion signals
* Short mean reversion signals
* Upper extreme zones
* Lower extreme zones
How It Works
The indicator calculates a central mean and measures how far price has deviated from that mean using statistical or volatility-based methods.
When price reaches an extreme deviation zone, the indicator evaluates additional confirmation factors such as candle behavior, momentum conditions, volatility, volume, and trend regime before generating a signal.
Signals are intended to highlight potential mean reversion conditions and should be evaluated alongside the trader's own market analysis and risk management process.
Non-Repainting
This indicator uses confirmed bar logic and higher-timeframe requests with lookahead disabled. Signals are generated using closed-bar information and do not intentionally repaint historical signals.
Notes
Mean reversion techniques may behave differently across various market conditions. Strong directional trends, high-impact news events, and volatility expansions can influence market behavior and should always be considered when interpreting indicator outputs.
This tool is designed for market analysis and educational purposes only and does not constitute financial advice.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。