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AggregateM++ Mean Reversion Oscillator V1 NT8b9

David Varadi's AggregateM++ Mean Reversion Oscillator V1 NT8b9

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.

Remember this is for beta so please PM me with bugs rather than responding in comments. Thank you.

Category NinjaTrader 8 Indicators and More

Details: AggregateM++ Mean Reversion Oscillator V1 NT8b9
Category: NinjaTrader 8 Indicators and More

March 26th, 2016
Size: 3.52 KB
Downloaded: 918 times

Comments/ratings

kareem40 March 28th, 2016 04:53 PM

Thank you. Very good

Botts August 29th, 2019 02:00 PM

I only recently "stumbled" on this indicator by @Sim22, as usual it's another example of his exemplary coding skills.
Not to mention the indicator itself seems almost "Intuitive" in the way it behaves. Thanks for all the work you did here in the early days of NT-8 "Beta" and "RC-#".....

drtchock December 9th, 2022 10:27 PM

Nice!