CapnOscar

Bouncer Moving Average

436 4 27
Made of 200 SMA high, low, close ~ 34 SMMA close and 12 SMMA - Trend following indicator. Use with stochastic for better results
Remove from Favorite Scripts Add to Favorite Scripts
study(title="Bouncer Moving Average", shorttitle="BMA", overlay=true)

outh = sma(high, 200)
outl = sma(low, 200)
outc = sma(close, 200)
plot(outh, color=orange, transp=0)
plot(outl, color=orange, transp=0)

smma34 = na(smma34[1]) ? sma(close, 34) : (smma34[1] * (34 - 1) + close) / 34
smma12 = na(smma12[1]) ? sma(close, 12) : (smma12[1] * (12 - 1) + close) / 12
plot(smma34, color=black, transp=0)
plot(smma12, color=silver, transp=0)

ccol = smma12 > smma34 and rising(smma12,1) ? green : smma12 < smma34 and falling(smma12,1) ? red : black
plot(outc, color=ccol, transp=0, linewidth=2)
Bouncer Moving Average
try with Bouncer Moving Average
Reply
bobz2zn CapnOscar
how does it work, I am new here and not familiar with the scripts.
Reply
CapnOscar bobz2zn
Above band up trend below band down ti e your entries when pull back to main movin average

Reply
bobz2zn CapnOscar
how has the success been?
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out