CapnOscar

Bouncer Moving Average

457 4 29
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)
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
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out