Detrend

Category: MESA9
 

Input parameters

Description

The MESA9_Detrend Indicator subtracts a trendline from the time series and displays the difference scaled to the plus and minus one standard deviation from that trendline.  This display enables an easy estimation when a swing peak or valley is reached and therefore a higher probability of reversion to the mean.

Note:  This indicator requires 60 bars of data before it will display values on the chart.