OPEN-SOURCE SCRIPT

Mean Extreme

By 4X4good
A simple script that shows the distance from a the mean, expressed as a percentage.
Simple Moving Average, in this case.
Informational only.
mean-reversionTrend Analysis

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.

Want to use this script on a chart?

Disclaimer