OPEN-SOURCE SCRIPT
UCS_TTM - Reversion Bands
Ok, Here we go - Version 1 of TTM Reversion Band goes live.
Link to TTM Reversion Band - tradethemarkets.com/products/item343.cfm
Link to TTM Reversion Band Guide - kb.simplertrading.com/reversion-bands/
John Carters Mastering the trade - amazon.com/Mastering-Trade-Second-Edition-Techniques/dp/0071775145
For the amount of information this has, the price tag is not hefty.
John's RTM Chapter Synopsis - tradethemarkets.com/public/mastering-the-trade-chapter-10-reversion-to-mean.cfm
What did I modify?
1. Automated the Daily + and Intraday settings. So Switching to intraday will change the setting automatically.
2. Added text callouts for RTM condition
a. John Carter's Indicator
b. Slope Based (my addition).
Future Improvement Planned.
1. Will Convert this into a system based on John's Indicator from TS.
2. Custom Options for Slope and MA setting for Trade filter.
Link to TTM Reversion Band - tradethemarkets.com/products/item343.cfm
Link to TTM Reversion Band Guide - kb.simplertrading.com/reversion-bands/
John Carters Mastering the trade - amazon.com/Mastering-Trade-Second-Edition-Techniques/dp/0071775145
For the amount of information this has, the price tag is not hefty.
John's RTM Chapter Synopsis - tradethemarkets.com/public/mastering-the-trade-chapter-10-reversion-to-mean.cfm
What did I modify?
1. Automated the Daily + and Intraday settings. So Switching to intraday will change the setting automatically.
2. Added text callouts for RTM condition
a. John Carter's Indicator
b. Slope Based (my addition).
Future Improvement Planned.
1. Will Convert this into a system based on John's Indicator from TS.
2. Custom Options for Slope and MA setting for Trade filter.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Uday C Santhakumar
Disclaimer
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