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The MA Bounce strategy is a strategy that aims to open long positions on currency pairs with a strong uptrend, when they bounce off their support in the form of a moving average, and short positions of currency pairs with a strong downtrend, when they bounce off resistance in the form of moving averages. The best suitable moving average periods for this strategy are 18, 30, 50. This indicator helps to identify and find a place for a potential entry into the market using the MA Bounce strategy.

More detailed information about the MA Bounce strategy can be found at this link: 

You should not blindly trade all the signals that the indicator gives. The indicator helps to find a potential entry into a trade, and then this entry point must be confirmed by the trader in accordance with the MA bounce strategy.

This indicator also helps to trade the Trend Continuation Strategy strategy: 

This indicator requests historical data for all 28 major currency pairs to determine the correlation.

By default, the MA Bounce Strategy indicator is configured for trading on the M15 timeframe with the background (contextual) H1 timeframe. This saves a lot of time on searching for traded pairs for this strategy. This indicator is well complemented by the Trend Power indicator.

• Determining the trend direction by determining the order of the moving averages on the trading timeframe and the higher timeframe;
• Determination of the friction force by determining the order of the moving averages on the trading timeframe and the higher timeframe;
• ZigZag pattern definition (higher high and higher low for bullish and opposite for bearish);
• Identification of correlation by determining the order of moving averages on correlated pairs;
• A condition for the number of common correlated pairs with the base currency and the quoted currency;
• Condition for the number of common correlated pairs with the base currency;
• Condition for the number of common correlated pairs with the quoted currency;
• The condition for the calculated trend strength in the form of numerical points;
• Moving Average Rebound conditions;
• Notification before a rebound at a given distance between the moving average and the current candle price;
• Notification is accurate during the bounce;
• Many algorithms for determining the good quality of bounces;
• The rebound can be determined for several periods of the moving average;
• Support for all types of moving averages (SMA (simple averaging), EMA( exponential averaging), SMMA (smoothed averaging), LWMA (linearly weighted averaging));
• Support for any applicable moving average price (CLOSE, OPEN, HIGH, LOW, MEDIAN, TYPICAL, WEIGHTED);
• Powerful Email notification system, Mobile Push, MT4 alert window and graphical arrows on the chart;
• Monitoring of many pairs simultaneously for the MA Bounce strategy from one indicator instance on one chart;
• Identification of candle patterns;
• Pinbar pattern;
• Engulfing pattern (will appear in future versions);
• Consolidation pattern (will appear in future versions);
  
• Conditions for currency strength indicators (will appear in future versions);
• The angle of inclination of the moving averages (will appear in future versions);
• There are no intersections between the moving averages of at least (N) candles (will appear in future versions);
• Identification of Fibonacci retracement levels (will appear in future versions);

• Notification before a rebound at a given distance between the moving average and the current candle price;
• Notification is accurate during the bounce;
• Many algorithms for determining the good quality of bounces;
• The rebound can be determined for several periods of the moving average;
• Support for all types of moving averages (SMA (simple averaging), EMA( exponential averaging), SMMA (smoothed averaging), LWMA (linearly weighted averaging));
• Support for any applicable moving average price (CLOSE, OPEN, HIGH, LOW, MEDIAN, TYPICAL, WEIGHTED);

• Many algorithms for determining the good quality of bounces;

• Pinbar pattern;
• Engulfing pattern (will appear in future versions);
• Consolidation pattern (will appear in future versions);
  

Please read this user manual to get the full information.

The version of the indicator for MT4 can be downloaded from this link: 

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