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Forex Mean Reversion is a real-time indicator as well as being based on a fundamental fact. It identifies when any market on any time-frame is truly Overbought or Oversold by displaying suggested Obtain, Stop and Target values on the document. Forex Mean Reversion can be traded as a system in its own right or it might be added to existing charts and strategies to compliment a traders current strategies.
Forex Mean Reversion indicator calculates and displays two concentrations either side of the Mean - These levels provide percentage movements derived from the current Regular True Range (ATR) reading. Level 1 is a suggested Entry level (certainly where an reversion to the mean is expected) and Level 2 is really a suggested Stop level (where historically, prices rarely, if ever, extend to).
Both levels, as well as the Mean level setting, are user defined and are adjusted the identical way as settings for other Technical signs or symptoms. The Forex Mean Reversion product can be used as a trading system in its very own right or as an indicator to harmonize with existing strategies. Forex Mean Reversion include:
1. The Forex Mean Reversion template
2. The Forex Mean Reversion indicator
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