I was wondering if my ratio indicator(attached) can be modified in the following way:
Please see pic below on the basic rule of mean reversion.
i.e. When the ratio indicator touches (regardless) upper or lower boundary of bollinger bands and reverts to the mean 20MA of bbands, Let this be ONE count.
Can the indicator include/show count numbers (C1 & C2) for user input N1 & N2 different no. of days range in any attached fixed T,time frame chart.
Then do a line plot of the ratio C1/C2 for the attached timeframe chart on the same indicator.
e.g, For the same fixed timeframe 5mins chart,
Let user input N1=latest 5days, C1=count value
Let user input N2=last 25days, C2=count value
If C1/C2 is rising, relative synthetic CoIntegration is increasing...