Mean Reversion Study is an indicator that identifies trade setups combining exponential moving averages, RSI extremes, and engulfing candlestick patterns. It highlights bullish setups when a bullish engulfing candle forms below the EMA while RSI is oversold, a
Indicator · Pine Script v5 · On the chart
Price Deviated by 2 MAs {Morindok} v5
The script plots two moving averages (fast and slow) on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code204
Settings8inputs
LicenceNone stated
Last update7 weeks ago6 Sep 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
Price Deviated by 2 MAs {Morindok} v5 calculates a spread based on their difference multiplied by a user-defined multiplier and applies this spread to the open, high, low, and close prices to create deviated candles. These deviated candles are plotted in teal or maroon colors indicating upward or downward moves. Input settings allow customization of the moving average type (SMA or EMA), multiplier, time-based filters for sessions, and search parameters for finding specific time ranges within a maximum number of bars. The main settings change the deviation level and the time window for analysis. It draws on the price chart.
- Deviated Candles
- Fast MA
- Slow MA
- Price Spread
- Session Time Filter
Details
Published by
morindok on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Candlestick patterns
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 |
|---|---|---|---|
| ÔÑæÚ ÈÇÒå (ÇäÊÎÇÈ Ñæí ÇÑÊ) | time | 0 | startTime |
| ÇíÇä ÈÇÒå (ÇäÊÎÇÈ Ñæí ÇÑÊ) | time | 0 | endTime |
| äæÚ ãíÇäíä | string | EMA | maType |
| ÖÑíÈ ÇäÍÑÇÝ (Multiplier) | float | 1.0 | mult |
| ÝÚÇáÓÇÒí ÌÓÊÌæí ÒãÇä Çæá (Èå ÚÞÈ) | bool | true | enableSearch1 |
| ÝÚÇáÓÇÒí ÌÓÊÌæí ÒãÇä Ïæã (Èå Ìáæ) | bool | true | enableSearch2 |
| ÍÏǘËÑ ÓÊÑÔ ÌÓÊÌæ (˜äÏá) | int | 500 | maxSearchBars |
| ÍÓÇÓíÊ ÌÏÇíí (?=˜Çãá) | float | 1.0 | gapRatio |
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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