CapnOscar

Bouncer Moving Average

450 4 29
Made of 200 SMA high, low, close ~ 34 SMMA close and 12 SMMA - Trend following indicator. Use with stochastic for better results
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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
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bobz2zn CapnOscar
how does it work, I am new here and not familiar with the scripts.
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CapnOscar bobz2zn
Above band up trend below band down ti e your entries when pull back to main movin average

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bobz2zn CapnOscar
how has the success been?
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