Z-Score Mean Reversion Pro — Strategy by ayusattv
By ayusattv
Performance Metrics
- Author: ayusattv
- Symbol: OANDA:AUDNZD
- Timeframe: 5 minutes
- Net P&L: +75.23 USD (+0.75%)
- Win Rate: 75.0%
- Profit Factor: 2.142
- Max Drawdown: 13.29 USD (0.13%)
- Total Trades: 100
Description
Z-Score Mean Reversion Pro is a Strategy designed to identify high-probability mean reversion setups by combining statistical Z-Score extremes with RSI momentum confirmation, Bollinger Band volatility filtering, and EMA trend alignment. It provides clean buy/sell signals, visual trade zones, dashboard data, and alert outputs to assist in short-term reversal trading, intraday setups, and swing mean reversion trades.🔑 FEATURESZ-Score Mean Reversion Engine: Detects statistically stretched price moves and highlights potential reversal zones when price deviates too far from its rolling mean.Multi-Layer Signal Confirmation: Combines RSI exhaustion, Bollinger Band Width volatility checks, and EMA trend filtering to reduce false signals and improve trade quality.Built-In Risk Management: Includes ATR-based stop loss and take profit logic, plus optional mean reversion exits when price returns toward equilibrium.⚠️ NOTES & DISCLAIMERSThis script works best on 5m, 15m, 1H, and 4H charts across Forex, Crypto, Indices, and liquid Stocks.Best suited for mean reversion traders looking to capture exhaustion moves and short-term reversals.ATR exits are ideal for structured risk management, while Z-Score exits are better for pure statistical reversion setups.Always use risk management (Stop Loss).This script is for educational and research purposes only. Always forward test before using live capital.