thread: Recent Strength indicator

It feasible to bring the result of the strenght indior on information buffer?

Assuming you are referring to the Recent Power indior in post #1, the values are already plotted from the 8 data buffers that can be found in MQL4 construct 509. You can see these displayed in the Data Window in the screenshot:

So we could try out some egy evaluations?

I don't know how the Strategy Tester operates in the most recent MT4 builds. It hasn't been used by me . Power is an indior, maybe not an EA, and that I believed that Strategy Tester functions only with EAs, but perhaps it operates differently?

If you'd like to export values from Recent Power to your EA, then there's info in the links beginning with this post. (However, the code fragments might need to be updated to make them compatible with the most recent MetaEditor/compiler. They were all written prior to construct 600).

In case you can not get anything to work with Recent Power, then I suggest that you try using another currency power indior. There are loads of alternatives from the links in the typeface in post #1, as a beginning point.

quote Assuming you're referring to the Recent Power indior in place #1, the values are plotted by the 8 data buffers which can be found in MQL4 construct 509. You are able to see these displayed in the Data Window in the screenshoticture I really don't understand how the Strategy Tester operates in the most recent MT4 builds. I have not used it for many years. Recent Power is an indior, maybe not an EA, and that I thought that Strategy Tester works only with EAs, but maybe it operates differently now? If you would like to export values from Recent Power to your own...

Hanover,

would it be possible to modify the indior so that the basepoint value is zero? Weakening currencies could have a negative and strengthening ones a positive value then. This makes more sense in my view.

Thanks.

could it be possible to modify the indior so that the basepoint worth is zero? Weakening currencies could have a negative and strengthening ones a positive value then.

IMHO the values are meaningless, it's the slope of a single currency's plot (rising/falling) relative to the slopes of the other plots which illues strength/weakness. Whereas the values are completely random, and may be altered simply by altering the parameters. To illue this, I took all 3 of these screenshots of the H1 plot just now.

Screenshot #1 shows the plots diverging from the left (set BasePoint = -1). Note how the current USD worth (white line) is well below the midpoint:
Screenshot #2 shows the plots converging at the right (set BasePoint = 0). The shapes of the plots will be the same as in the previous screenshot, however, the current USD worth is now above the midpoint:
Screenshot #3 shows the strengths relative to the USD, which has been flattened (set BaseCurrency = USD):
Each 3 screenshots reveal that the AUD (green) and NZD (blue) are feeble (lines are decreasing ), as well as the CHF (yellowish ) and GBP (red) are strong (lines are climbing ).

If you would like the remap the values from [0,100] to [-50,50], you could always easily subtract 50 from them.

quote Assuming you're speaking to the Recent Power indior in place #1, the values are already plotted from the 8 data buffers that are available in MQL4 build 509. You can see these displayed in the Data Window in the screenshoticture quoteI don't know how the Strategy Tester operates in the most recent MT4 builds. I have not used it for years. Recent Power is an indior, not an EA, and that I believed that Strategy Tester functions just with EAs, but perhaps it operates differently today? If you want to export values from Recent Power to...

Thx for your help.

puoi costruire un EA con questo indiore?

puoi costruire un EA con questo indiore?

Sorry, but I am no more coding EAs for other traders. For alternatives that are potential, see the'MT4 Programming' section here.

Furthermore, if you want a developer to code your EA, you'd want to supply the indior (rather the MQ4 document ), and also precise rules on the way you wish to pair the currencies, and to your entrances, exits, MM, etc.. )

Hi Hanover,

thank you to your work, great indi.
I have a query:

Is it possible to plot 1 currency average in conjunction with one pair? For example plot the average of the usd along with the pair eur/usd?

Greetings
Chris

Is it feasible to plot 1 currency average in combination with a single pair? For example plot the average of the usd along with the pair eur/usd?

Chris,

Assuming that you are speaking to the Recent Strength indior, then sorry, this isn't feasible, because it plots the 8 major currencies only (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD), not pairs/instruments.

If you are prepared to look outside MT4 for a (free) solution, you could use a page like https://www.mataf.net/en/forex/tools/currency-index (see screenshot below).

David

Thank you Hanover for your response. Yes I know that possibilty, I was hoping there is a mt4 alternative. Do you believe I can implement it in your recent strength indi easily? Do yo think it would be possible to program? I've got some exp with python 3.5.

Greetings
C

Do you believe I will implement it in your latest strength indi easily? Do yo think it'd be possible to schedule?

The RS indior was written using Metaeditor/compiler build 509 and would compile using a zillion errors if the MQ4 origin was published on the most recent MT4 builds. It has a lot of capabilities/features which complie the coding which you probably would not use. As you would have to rewrite RS anyway (unless you do this), I expect the easiest solution would be to compose (or perhaps modify) another indior.