The extreme mean reversion indicator (XMR) is a MT4 chart indicator used to identify potential reversal signals in a financial market. The XMR indicator specializes in scanning previous price action in order to signal potential overbought or oversold conditions in a market. The XMR is displayed as a bar chart, with a set range from -5 to +5. +5 is considered extremely overbought, and -5 being extremely oversold (dark gray areas).
The tool was built with the concept of mean reversion in mind, meaning that markets often return to historical means. With this in mind, this tool can be utilized to look for markets that have significantly moved away from their historical means and may be due for a reversal.
The scanner already has RSI periods built in to the input, but you can choose whatever time periods as well as whatever design you want.
Note: the indicator is built for Metatrader 4 ONLY. Other platforms (including MT5) will not work for the indicator file.
Get the Indicator
You can purchase the indicator below, and you will get everything you need to run the software on your Metatrader 4 Platform.
What you’ll get:
- A copy of the XMR Indicator file for MT4
- A copy of the XMR Arrows Indicator file for MT4
- A quick installation guide for the software
- A in depth strategy/user guide from our team