Merovinh - Mean Reversion Lowest low

Script from: TradingViewSwingMean reversionBreakoutReversal

The "Merovinh - Mean Reversion Lowest Low" strategy identifies bullish reversals by tracking the lowest lows over a specific bar count. It enters long when the current lowest low breaks prior ones and exits when a new highest high is formed. Tailored for tech stocks, it leverages mean reversion, focusing on buying dips and capitalizing on ensuing price recoveries.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

2,320backtests3 markets

34robust scoreranked median 52

0.46p-valueranked median 0.24

1/54pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 1.09 (p = 0.46), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

1 of 54 backtests with more than 15 trades pass our quality gate.

Robust score

34/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

1.09

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,320 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Marvell Technology, Inc. NASDAQ:MRVL	4H	+542%	2.08	100	49%
Marvell Technology, Inc. NASDAQ:MRVL	2H	+415%	1.65	184	52%
Devon Energy Corporation NYSE:DVN	1D	+367%	2.50	56	35%
Affirm Holdings, Inc. NASDAQ:AFRM	2H	+235%	1.24	181	85%
Affirm Holdings, Inc. NASDAQ:AFRM	4H	+212%	1.31	93	81%

⚠Selected after the fact: these are the best 5 of 2,320 runs, not what to expect from this strategy.

Is Merovinh - Mean Reversion Lowest low profitable?

Not reliably, based on our tests. Across 2,320 backtests, 1 of 54 with more than 15 trades pass our quality gate. The best result is +542% on Marvell Technology, Inc. (4H, 100 trades). On average, its results are statistically indistinguishable from chance (p = 0.46).

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