thread: Recent Strength indicator

Hi....

I'm wondering if it is possible to correct the abnormal moves you occasionally gets. I'm adding two images that shows before and after automatic refresh.

I am unable to replicate this issue. My br0ker is http://www.gomarketsaus.com. The lines replot after each refresh, regardless of whether it's an auto or manual refresh. I have RefreshEveryXMins = 1, which means that I get an auto refresh to the initial tick during each new minute.

It is likely that this problem might be caused by having different values in RefreshEveryXMins in both the parameter document and MT4's parameter dialog window see my comments below.

In addition, it is possible that the values being exhibited are right. On the lower timeframes, a tiny momentary jump ('spike') in price can reflect significantly on Recent Power, but at the time a refresh rate has happened, the information has settled down again. The final point plotted on each interval is that the current Bid price, therefore it will fluctuate until the candle closes, along with a new candle starts to form. Of course the entire plot rescales itself after every refresh, and depending on prior plotted values, this rescaling could amplify the effect.

If you set RefreshEveryXMins = 0, you'll get an auto refresh after every tick. As CPU is significantly increased that may slow computer performance.


Another matter is that I like to use the narrow lines, but when refreshing manually (especially when the abnormal moves happens) from shing time frames it jumps straight back to default lines. Would it be likely to create it so that this does not happen?

I am unable to replicate this issue, though I think it might be brought on by the way you are using, or not using, parameter files.

The C1_Style, C2_Style, etc parameters command the line widths. Set to 10 for a thin line; 20, 30, 40, 50 for lines. See post #1 for more information.

If ParameterFile is sterile, and a file called Presets--Recent Strength.TXT exists on your.../experts/files folder, then the parameters from the document will populate those you input in MT4's window dialog when you edit or attach the indior. Thus, if you were setting the design parameter to 10 from the window, then the 20 would overrides it on every refresh, from the document.

Either (1) change the design value in the document to 10 (use a text editor such as Notepad), or (2) if you don't want to use the document, do either one of these:
-- delete or rename the Presets--Recent Strength.TXT document; OR
-- set ParameterFile = NONE
Either of these will induce the indy to use the parameters that you input in MT4's dialog window.

I prefer to use the parameter file option. It means that every time I attach the indy to a chart, I don't need to re-enter all my parameter settings that are favorite. Given that this would include retyping all the constituent currency pairs (C1_Pairs_Wgts etc), it's a big time saving.

Fascinating to find that one get the Dollar Index with Recent Power when inputting the numbers by the Dollar Index formula for the USD (SmoothingSMA 0):

EURUSD,57.6, USDJPY,13.6, GBPUSD,11.9, USDCAD,9.1, USDSEK,4.2, USDCHF,3.6

The USD Index formula is:

DXY = 50,14348112 x ((EURUSD)^--0,576) x ((USDJPY)^0,136) x ((GBPUSD)^--0,119) x ((USDCAD)^0,091) x ((USDSEK)^0,042) x ((USDCHF)^0,036)

Lots of thanks. It is reassuring to know that the indior's calculations are 100% right.

Many thanks. It is reassuring to know that the indior's calculations are 100% correct.

You are extremely welcome. I believe it is intriguing to observe how things functions to find a perspective. It is a great piece of work you've carried out here so I am very greatful to have the indior as part of my arsenal.

And thank you very much for the effort and comprehensive answer regarding my difficulties. The signals that were intense still comes in a while, but as the line thing when manually refreshing is repaired it has become more like a minor detail I believe, although I have managed to correct the lines. It works. I use the MT4's parameter dialog window.

I want to thank you for your kind soul of sharing, a lot more will hoard this indi for personal use before death do us part style,,lol, but you gave it out and there's been grreat opinions and suggestions to create the indi user friendly. Once agian I say THANK YOU, and also to others who have contributed to the a lot of thanks the indi goes a long way to fit into almost any trading ergy, the option remains with the user.

Downloading the txt file rather downloads a file

Downloading the txt file rather arranges a file called attatchment.php

Workaround for downloading documents . Of course the documents you're downloading here have names, but the principle works the same.

This was an interesting thread about anti-matingale and position sizing, want his postings had not been removed by the 1 poster, leaves me wondering what I missed.
However, I didn't find any clues about alternative ways to download documents or things to do about the Recent Strength's text file getting an attatchment.php.
What am I overlooking?
Due

That has been an interesting thread about anti-matingale and position sizing, want the 1 poster hadn't removed his postings, leaves me wondering what I overlooked.
However, I didn't see any clues about alternate ways to download documents or what to do about the Recent Strength's text file becoming an attatchment.php.
What am I missing?
Thank you

Sorry, in attempting to answer too many posts concurrently, I posted the incorrect link.

Try this one instead.

Hi Hanover,

Are a fan of the indior, but was wondering why...

Would it be likely to have a Relative Strength indior that has a particular start time since the bottom line and the NumPoints becomes the equivalent number of branches since that start time base stage.

E.g
When entered the beginning day and time to be 1 and 0. Then it would start at Monday and midnight.
When I entered 48 into NumPoints of this preceding example, then at the start of the next day there will be 48 half hour things, and by the end of the week there will be 48 2.5hr points.

OR
When I entered the beginning time . Then it'd re-start 48 bars every midnight (if NumPoints had been 48 back ).




Thanks

Downloading the txt file rather downloads a file called attachment.php

....
. . .any clues about alternate approaches to download documents.... attachment.php.
...

...
Try this one instead.

Hello David, mooselover,
is not this just a naming/labeling matter?
I get the attachment.php frequently too.... I rename it.
(sometimes it appears, sometimes the correct indior name appears)

example if the indior's name is abc.mq4 or abc.txt,
I click save as/save link as attachment.php appears on the Filename box,
I simply replace it with the correct indior name/label, which can be, in this circumstance, abc.mq4 or abc.txt.