Here's a new indicator, the Momersion, I found it in Michael Harris Price Action Lab blog.
In Harris words:
The day momentum died, mean-reversion was born. Now they have both merged into what I call momersion.And respect to the Indicator itself:
The Momersion indicator measures momentum and mean-reversion over a specified period
In the main algorithm, I coded the two rules described in the Momersion post.
My idea is to use this Momersion as an auxiliary indicator, maybe to turn on/off some strategies.
The blog is really interesting, a friend told me once that he's following the series like a housewife watching soaps :D ; and I do it too!
Cheers, JJ