The reversion channel indicator shows clear snapshot of Overbought/Oversold Zones.
The screener works by scanning through up to 40 symbols and lists symbols that are currently within Overbought/Oversold Zone as defined by the Mean Reversion Channel indicator.
This indicator is really great to define trend reversals and trend inversions. While extremely popular within the scalper community (short-term traders doing multiple trades throughout the day) it also works very well for swing traders (buying and selling positions only a few times per year during major up and down swings within a trader asset).
The full script will be sent manually via email after the payment.