MeanReversion by Logarithmic Returns — Indicator by bronko791

statistics standarddeviation stdev logarithmic return reversal

Mean reversion is a financial term for the assumption that an asset will return to its mean value.
This indicator calculate the logarithmic returns (logReturn) of an asset over a period of time and show the values of logRerturn, mean and standart deviations.

The default time period for logReturn calculation is 252 bars at a "Daily" chart. At a "Daily" chart 252 bar means one trading-year.

See also:

MeanReversion by Volatility

Release Notes:

fixed color

Release Notes:

refactoring

Release Notes:

refactoring

Release Notes:

refactoring

Release Notes:

refactoring

Release Notes:

- removed plot offset for better visualization

Release Notes:

- removed unused code

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

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