Bouncer Moving Average
Made of 200 SMA high, low, close ~ 34 SMMA close and 12 SMMA - Trend following indicator. Use with stochastic for better results
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)