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Free MT4 indicator i-BJF-MABounce

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MetaTrader4 indicator i-BJF-MABounce shows signals when the price bounced from MA.


free MetaTrader4 indicator i-BJF-MABounce screenshot

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MetaTrader4 indicator i-BJF-MABounce shows signals when the price bounced from MA.

free MetaTrader4 indicator i-BJF-MABounce screenshot

Buy signal pattern is
1) lower fractal with {LeftBars, RightBars} parameters is formed
2) lowest value of lower fractal is below MA on that bar
3) high of leftmost bar of lower fractal is above MA on that bar
4) close of rightmost bar of lower fractal is above MA on that bar

V.v. for Sell signal.


Inputs:

input int Fractal_LeftBars = 5;
input int Fractal_RightBars = 2;
[+]
Fractal parameters
[-]

input int MA_period = 15;
input int MA_shift = 0;
input ENUM_MA_METHOD MA_method = MODE_EMA;
input ENUM_APPLIED_PRICE MA_applied_price = PRICE_CLOSE;
[+]
MA parameters
[-]

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