MmReV Component — Indicator by InSilico

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Mean reversion component experiment - Mean Momentum Reversion "MmRev"
Using momentum extremes and directional decay to detect areas of strong reactiveness and possible trend reversions

No adaptable settings for now , default settings most suited for 15min-1h
For obvious reasons parabolic legs and extreme trends produce handful off false positives

Release Notes:

Changed default filter to HULL
Added alert conditions

Public: https://www.tradingview.com/u/InSilico/#published-scripts

https://www.tradingview.com/gopro/?share_your_love=InSilico

Invite-only script

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