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David Varadi's AggregateM++ Mean Reversion Oscillator V1 NT7

David Varadi's AggregateM++ Mean Reversion Oscillator V1 NT7

Quote from the link below:

"The Aggregate M indicator is based on the concept that in the long term the market trends, while in the short-term the market is noisy, and has a tendency to mean-revert. Why not combine the two concepts to keep life simple? The Aggregate M is supposed to reflect an adjusted median that is filtered for short term noise. The median is a far more accurate measure of central tendency than a simple average especially with noisy data. Taking a superior measure of trend and filtering out some of the noise by adjusting for short-term mean reversion creates an even better median. The Aggregate M is now both trend and mean-reversion rolled into one."

Full details here

Note: I have changed David's variable names and used percentage values instead of decimals.
Please read the comments within the code itself.

"Ported" from my NT8 version here.

Category NinjaTrader 7 Indicators

Details: David Varadi's AggregateM++ Mean Reversion Oscillator V1 NT7
Category: NinjaTrader 7 Indicators

April 28th, 2016
Size: 3.29 KB
Downloaded: 720 times

Comments/ratings

zetaone April 28th, 2016 11:17 PM

I want to "Thank" Sim22 for taking the time in converting this indicator from NT8 to NT7. It is deeply appreciated and highlights the community of traders here in the forum.

crazybears May 2nd, 2016 10:26 AM

thanks

romus May 9th, 2016 12:46 AM

Wow! 5 Stars is not enough for this indi - from my first try. Many thanks!

guidoisot July 1st, 2016 06:44 PM

Thanks

beatnik January 1st, 2019 05:51 PM

Thank you