MA bounce – user manual

<p>MA bounce indicator Basic idea</p>
<p>Moving average is widely used technical indicator, which in many cases acts as dynamic support or resistance. It is important to use correct period of moving average, but mostly used are periods 20 (sometimes 32) and 200. This is the basic idea of my &nbsp; MA bounce &nbsp; indicator, which indicates possible bounces from defined moving average. Of course, without filtering, there would be many false signals, because price sometimes tends to oscillate around moving average. This is why MA bounce uses combination of trend indicators and oscillators for filtering bounce signals. MA bounce settings MA bounce indicator can operate in 2 modes: Proximity sensor and Bounce indicator . Proximity sensor is just simple alert indicator, which gives you alert when price will be in defined range from Moving average. Bounce indicator is more complex indicator which gives multiple BUY/SELL signals and additional filtering indicators as well. Now I will try to explain fu</p>