3 Springboard MA Strategy

The way I started this template was to firstly draw a SMA onto a highly volatile chart - I used the 1m US30, Dow Jones Index.

The SMA was to represent when the price started a 'springboard' movement away from that sma and was fully clear of (not touching) the SMA. I trialled SMA's 4, 5, 6 ,7 and 8 and regarded the smoothness of the 8 SMA to be the most valuable on charts from 1m to 60m for me.

As the SMA is the easiest, mathematically, of all the moving averages it was therefore easier to say with confidence that an 8 SMA on the 5m chart was 5 times the value of the 1m chart, with 15m charts it was 15 times the value - etc.

Therefore on the 1m chart, the 40 SMA represented the '8 SMA' on the 5m chart (5x8) and the 120 SMA represented the '8 SMA' on the 15m chart (15x8).
Therefore for any trend following system it represented the beginning of a trend with accuracy.

I then added a stochastic 'mix' under the chart which I could not mathematically match to the main screen SMA's but looking at all the various timeframes it turned out to be an outstandingly good confirmer of any starting trend, or reversals.

I have included the important support and resistance stochastic levels (in colour) that give a very visual assistance to divergences. The overbought/sold areas are in white whilst the lime and red bands represent a helping visual aid to trends.

I've kept it as simple as I am able and have attached the two indicators that are not normally available to MT4 users - the S&R lines created by CCI momentum and the stochastic signal - which is the closest I can get to the under chart indicator.

All templates attached from 1m to 60m and of course the two non standard indicators for anyone wishing to use them.
How they will pan out on other charts I am sure that this will be successful - but please let me know

TEAMTRADER