sylvester21 wrote: Tue Jun 25, 2024 6:30 pm Kvak, Possible to update this code with MTF and Interpolate option?

Here is updated MTF version...

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

kvak wrote: Mon Jan 16, 2023 9:39 am This is angle of average for test
With static levels or (non)anchored DSL levels...

Hello Kvak
Would it be possible to make an MTF version of this.
I want to test it as a filter for lower TF.
Thanks

TEAMTRADER wrote: Fri Jun 28, 2024 3:45 am 3 Springboard MA Strategy

Dear TEAMTRADER... thank you for posting yet another nicely done starting template for all of us to use Ive found the 1 hour template to be a strong signal provider if taking positions depending on the black 192 MA. Check this out

What I am trying to explain is:

• If the 8 SMA crosses up the 32 SMA above the Black 192 SMA, enter a buy
• If the 32 SMA crossed down the 8 SMA below the Black 192 SMA, enter a sell

Scrolling back through time it seems even if its a ranging market you will always be in the plus and can take profit from the set up if you use those signals -- is this what you find too? Really nice!!!

boytoy wrote: Fri Jun 28, 2024 7:57 pm Dear TEAMTRADER... thank you for posting yet another nicely done starting template for all of us to use Ive found the 1 hour template to be a strong signal provider if taking positions depending on the black 192 MA. Check this out

What I am trying to explain is:

• If the 8 SMA crosses up the 32 SMA above the Black 192 SMA, enter a buy
• If the 32 SMA crossed down the 8 SMA below the Black 192 SMA, enter a sell

Scrolling back through time it seems even if its a ranging market you will always be in the plus and can take profit from the set up if you use those signals -- is this what you find too? Really nice!!!

Yes, I agree. I also see that the indicators under the chart show the divergences that create either exits - when in a trade - or really good moves as an entry, particularly from the white O/B O/S areas - I tried to get a stochastic signal to reflect when the position of the stochs (Over/under the 10/90 levels) when there was divergence involved but there is none that are efficient. That is the best I can do with what I have available.
It should work on all charts - FX etc - as the theory on sma's in differing timeframes stays the same.
I watched the open of the Dow and divergence played a big part.
TEAMTRADER

Hi Kvak,

I am trying to use this indicator with an Expert Advisor for going long on green candles, short on red candles, exiting when grey candles appear. Colour buffers 1 and 3 show the green colour and 0 and 2 show the red colour. The problem with the indicator is that it always shows value in all 4 buffers so the pairs 1,0 (long / short) or 3,2 (long / short) do not work.

Can you amend the indicator so it shows value in buffers 1/ 3 (long) and 0 / 2 (short) only when the respective candles appear? Or suggest some other colour buffer combination for long / short and using the indicator in an Expert Advisor?

Thanking you in advance.

EDIT:
It is OK - I have figured it out as it stands - using buffers 13 / 14 (long / short) together with candle close above / below ema 36 (default indicator value).

kvak wrote: Mon Dec 11, 2023 5:19 am Yes, I haven't solved the mtf yet... here is the version you wanted...

chris006 wrote: Sun Jun 30, 2024 2:29 am Hi Kvak,

I am trying to use this indicator with an Expert Advisor for going long on green candles, short on red candles, exiting when grey candles appear. Colour buffers 1 and 3 show the green colour and 0 and 2 show the red colour. The problem with the indicator is that it always shows value in all 4 buffers so the pairs 1,0 (long / short) or 3,2 (long / short) do not work.

Can you amend the indicator so it shows value in buffers 1/ 3 (long) and 0 / 2 (short) only when the respective candles appear? Or suggest some other colour buffer combination for long / short and using the indicator in an Expert Advisor?

Thanking you in advance.

EDIT:
It is OK - I have figured it out as it stands - using buffers 13 / 14 (long / short) together with candle close above / below ema 36 (default indicator value).

Hello for trend is used buffer 22 in state 1/-1/0
buffer for arrows are 19(up), 20(down).

Tradehunter wrote: Fri Jun 28, 2024 6:01 am Hello Kvak
Would it be possible to make an MTF version of this.
I want to test it as a filter for lower TF.
Thanks

Hello, I think here is mtf version CLICK

Test it if working for you...

Tradehunter wrote: Mon Jul 01, 2024 3:21 am Mr. Tools
I haven't been able to find this with alerts.
Can you add alerts please?
Thanks

Added alerts.

The more violet the divergence the bigger the moves.
I wish I could code!!
TEAMTRADER