thread: Recent Strength indicator

just passing by, I would again take this moment to say Thank you for the selfless and hard work and help you do to others by sharing your distinctive work.
Really appreciate that in the heart.
Regards

Thanks.

Hi Hanover

Awesome indior.. .tells you everything you ought to be looking at to exchange. . .its priceless..thanks.

Can there be any possibility of adding a cross over awake? Or something which can tell us that two currencies are conflicting each other, ie moving either closer together or apart?

Thanks again. . .cheers

Andy

Can there be any possibility of including a cross more awake? Or something that could tell us that two currencies are conflicting each other, ie moving either apart or closer together?

Hello Andy,

I gave something like you've just described some thought when I initially wrote the indy, also reached the conclusion that it was not really suited for alarms. Some reasons why:

1. There are eight plots; the permutations of possible crossovers, or directional changes relative to each other, would be enormous.

2. If the indy has been refreshed frequently enough, or the market as a whole is moving sideways, or the SmoothingSMA parameter is set to a low value, then the traces tend to change direction and cross each other all the time, which would generate a constant succession of meaningless'false' signs.

3. Unlike a price chart, the plot values have no specific significance, since the way in which the plots are scaled is entirely shallow (and moreover, the weighting parameters can be changed, developing a substantial effect on the plots). All that's really significant (as much as I can tell) is that the angle where each plot is rising or falling provides a measure of (the changes in) relative strength.

4. Based upon the BasePoint setting, the traces converge or diverge. If I was planning to add any sort of alert, I'd prefer the concept to be generically applicable, if at all possible.

I'm open to ideas as to how I might overcome those issues. If somebody can come up with layout specifics for creating meaningful signs, then I'll consider the possibility of adding alarms in a later release.... All providing that it is not massively difficult to code.

Good trading,
David

Hi Andy,

I gave something such as you've just described some thought when I wrote the indy, also reached the decision that it was not really suited for alerts. Some reasons why:


Great trading,
David

Hi David

I hear what your saying....so would there be some mileage in maybe looking to generate a signal when two currencies exceed a particular angle in opposite directions? For instance maybe 45 degrees in opposite directions, this could be from the inputs and could be changed? That will give an alert and get your focus that something might be happening?

Anyhow only a thought, dont know if thats possible? Just a handy addition when your scanning multiple pairs to trade.

Cheers


Andy

Hi David

I hear what your saying....so would there be any mileage in perhaps looking to generate a signal when two currencies transcend a certain angle in other directions? By way of instance perhaps 45 degrees in opposite directions, this may even be from the inputs and may be changed? That get your focus that something may be happening and would offer an alert?

Anyhow just a thought, dont even know if thats possible? A handy addition as soon as your scanning pairs to trade.

Cheers


Andy

Same kinds of difficulty - that the angles are eternally changing, and much would depend on which information points that the angle is being measured across, along with the values from the individual plot weightings. The angles converge or diverge based upon BasePoint's worth.

I believe I will pass on this idea, at least for the moment. When it was a fast and easy fix, then fine; I'm currently busy developing other applications.

Same kinds of problem - the angles are eternally changing, and would depend on which information points the angle has been measured across, and the values from the individual plot weightings. Also the angles converge or diverge based upon the value of BasePoint.

I think I'll pass on this idea, at least for the moment. If it was a fast and effortless fix fine; I'm currently busy developing applications.

Ok Thanks for taking the time to have a look anyway and think about the options.

Cheers

Sry not positive if it's being discussed earlier but may this indior be utilized on ibfx platform

sry not positive whether it's being discussed earlier but may this indior be used on ibfx platform

Yes it can - see posts #72, #81, #97.

Yes it can - see posts #72, #81, #97.

Hi,

I have to attempt itwill do so tmr. But I want to say!

Yes it could - see posts #72, #81, #97.

HI,

hmmm I faced with some problem, tried to download the https://www.cliqforex.com/trading-sy...sm-intact.html but ended up with an attachment.php file. Is it cos of my com? Anyhow is the why I cannot drag and attach the indior to my chart?

Sorry for bothering you. .