On a daily chart I see the price bounce off 100 SMA at few points , but isn't it coincidence?? When you draw a line accross the candles there will be some points the will touch it to look as S/R ?? Or maybe you use MA with other settings?

- Joined Nov 2006 | Status: Member | 4,150 Posts
to trade and code, keep both simple... no call to impress....h
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.