[New Filter Indicator] Market Meanness

This indicator is used to filter out the "poor fit" trades in your strategy.
If you have a trend following or mean reverting strategy, you'll definitely want a filter indicator that tells you what the market state is!

Easy to interpret:
  • Yellow is Sideways (or reverting)
  • Blue is trending
  • Solid colors are more confident than faded colors


I'm already using this indicator with a Trend following strategy on Forex pairs to avoid potentially bad trades.
So far, so good.

Link to the open-source indicator:
Market Meanness Index
Trend Analysis

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