This indicator calculates standardized z-scores of price data across four different lookback periods (6, 14, 26, and 100). Standardizing data subtracts the moving average from the price and divides by the standard deviation. It applies a Double Exponential Mov
Indicator · Pine Script v6 · Own pane
Mean Reversion (z-score)
A separate-pane oscillator that plots a z-score, the distance of price from its rolling mean measured in standard deviations, smoothed over a few bars.
GitHub stars1on the repository
Pine versionv6current
Lines of code174
Settings18inputs
LicenceNone stated
Last updateyesterday28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Dots mark turns that happen outside a chosen zone around zero. An AR(1) half-life readout and optional regime gates using variance ratio and Hurst exponent can hide dots when the symbol is trending. Settings cover lookback, smoothing, zone limits, dot mode, drawing style, colors and a statistics table.
- Rolling z-score oscillator
- Turn dots outside a configurable zone
- Half-life estimate from an AR(1) fit
- Optional variance ratio and Hurst regime gate
- Statistics table
Details
Published by
natalivm on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Mean reversion, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| Lookback | int | 50 | len |
| Smooth over | int | 5 | smoothLn |
| Zone from ± | float | 0.382 | zoneIn |
| to ± | float | 0.618 | zoneOut |
| Dot sits | string | D_PEAK | dotMode |
| Bars either side of the turn | int | 3 | confirm |
| Only on a new extreme | bool | true | newExt |
| Hide dots when the half-life is longer than the lookback | bool | true | hlGate |
| Hide dots when the symbol is trending | bool | false | gateOn |
| Variance ratio horizon (q) | int | 4 | vrLag |
| Trade only while Hurst < | float | 0.5 | hurstMx |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Draw as | string | P_LINE | plotAs |
| Rich | color | #4a7dff | upCol |
| Cheap | color | #4a7dff | dnCol |
| Turn down | color | #f23645 | hiDot |
| Turn up | color | #089981 | loDot |
| Stats table | bool | true | showTbl |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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