Trend Following or Mean Reverting
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Senthaamizh

//Identifies whether the instrument is trending or mean reverting 
//@version=4

strategy("Trend Following or Mean Reverting",shorttitle = "TF/MR",default_qty_type = strategy.percent_of_equity,default_qty_value = 100, overlay=true)

buy = close>high[1]
sell = close<low[1]
if (buy)
    strategy.entry("Long", strategy.long,qty=1)
if (sell)
    strategy.entry("Short", strategy.short,qty=1)







