OPEN-SOURCE SCRIPT

Z-Score Mean Reversion Pro

Z-Score Mean Reversion Pro is a Strategy designed to identify high-probability mean reversion setups by combining statistical Z-Score extremes with RSI momentum confirmation, Bollinger Band volatility filtering, and EMA trend alignment. It provides clean buy/sell signals, visual trade zones, dashboard data, and alert outputs to assist in short-term reversal trading, intraday setups, and swing mean reversion trades.

🔑 FEATURES

Z-Score Mean Reversion Engine: Detects statistically stretched price moves and highlights potential reversal zones when price deviates too far from its rolling mean.
Multi-Layer Signal Confirmation: Combines RSI exhaustion, Bollinger Band Width volatility checks, and EMA trend filtering to reduce false signals and improve trade quality.
Built-In Risk Management: Includes ATR-based stop loss and take profit logic, plus optional mean reversion exits when price returns toward equilibrium.

⚠️ NOTES & DISCLAIMERS

This script works best on 5m, 15m, 1H, and 4H charts across Forex, Crypto, Indices, and liquid Stocks.
Best suited for mean reversion traders looking to capture exhaustion moves and short-term reversals.
ATR exits are ideal for structured risk management, while Z-Score exits are better for pure statistical reversion setups.
Always use risk management (Stop Loss).
This script is for educational and research purposes only. Always forward test before using live capital.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

ayusattv

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

ayusattv