Here is your daily mean reversion thought of the day:
Keep in mind, overbought can stay overbought.
Copy the Study
I've had a few requests for the code to this study-- this is for thinkorswim. It's nothing groundbreaking but very useful. As this is free, there is no technical support.
Dev from MA Study
input price = close;
input length = 200;
def SMA = Average(price, length);
plot DEV =(price/SMA -1 )*100;