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reversionX

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reversionX is a mean-reversion trading indicator designed to identify potential price reversals following extreme moves outside the Bollinger Bands. It combines Bollinger Bands, Stochastic RSI, and standard RSI to generate two-stage trade signals: an initial setup and a confirmation.

Setup Signal: Triggers when price closes outside the Bollinger Band, then re-enters the band, with overbought/oversold confirmation from Stoch RSI.

Confirmation Signal: Validates the setup within a user-defined number of bars, based on standard RSI crossing a bullish or bearish threshold.

Visual markers:
Light green/red triangles mark setups.
Dark green/red triangles mark confirmed entries.

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