I wanted to use 9 EMA (not SMA) as an example, but you get the idea.
Some ways this could be useful (but always combine with something else, this can't be traded on its own):
1. In a trend look for an entry at the pullback to a prior low (same distance for the low or clsoe from the MA) and enter. (trend following) 2. Use the other side extreme as targets (potential end of trend) 3. Get in on a breakout if it doesn't bounce. (counter trend move)
Some ways this could be useful (but always combine with something else, this can't be traded on its own):
1. In a trend look for an entry at the pullback to a prior low (same distance for the low or clsoe from the MA) and enter. (trend following)
2. Use the other side extreme as targets (potential end of trend)
3. Get in on a breakout if it doesn't bounce. (counter trend move)