Category: MESA91
Input parameters
Name |
Setting |
Default |
Optimization range |
Price |
Input time series |
Close |
|
LP (LowestPeriod) |
Integer |
12 |
8 - 60 |
HP (HighestPeriod) |
Integer |
24 |
8 - 60 |
Description
The MESA91_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.
