"BMA" uses 2 different SMA:
1) Open (red color)
2) Close (blue color)
It is long at both identical it (is so very necessary). The user sets length in settings. Therefore they are always very close.
If Open is higher than Close, means bars now is more often falling (close < open), but not growing is downtrend.
If Open is lower than Close, means bars now is more often growing (close > open), but not falling is uptrend.
Lime color of a background = uptrend
Red color of a background = downtrend
Red plot = Open
Blue plot = Close
Red arrows = new trend!
Black arrows = price too high or too low
The recommended TimeFrames:
1W, 1D, 4H, 1H
The recommended parameters:
For 1W and 1D length = 30
For 4H and 1H length = 24
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