thread: Recent Strength indicator

Respected Sir,
Thanks for Fine Currency Index Reversal Indior and your brilliant Service. I know we only check alteration anticipated following 8 and below 2.

Pls. forgive my ignorance. If currently asked/replied.

I wish to select index to exchange if its currency Index(e.g EUR) is strengthening on all selected time frames irrespective of Index position.

Q- How to find when currency Index(e.g EUR) is weakening/strengthening at current candle and current TF. ? I means if it is going UP or Down? . Do we compare current candle worth with previous candle...

Hello,

Sorry, I only noticed your article today. I do not subscribe to ribbons.

I presume you're referring to the CSM indy in place #398. As explained in that article, it plays the calculation. It is not always a currency index.

As for showing whether the last candle is up/down, we must see the difference between the last two worth. The problem with a histogram is the fact that it's capable of showing only one value that is distinctive, whereas a lineup shows a constant stream of values. Hence I would suggest utilizing the Recent Power indy (see article #1), and comparing the line across the past 2 data points. If the line is rising that currency is, on average against the other currencies, strengthening; when it's falling, then the currency is weakening. The Power indy's calculation is explained in post.

David

Hi,

I am just posting a petition from a partner who isn't a member yet. He is using the CFP indior that does not refresh automatically. Can it be possible for anybody to re-code the indior to make it do this automatically, instead of having to manually change timeframes?
Any help would be much appreciated.

Thank you very much.

Best regards
https://www.cliqforex.com/attachment...1725131935.mq4

Hello

Just wondering when we have populated the data for all the pairs using the procedure described by biking through the charts and time frames do we must update this each week or is once enough?


Regards, Mat

Hi

Just wondering when we have populated the data for all of the pairs using the procedure described by cycling through the charts and time frames do we will need to redo this every week or is once enough?


Regards, Mat

Mat,

Sorry about the belated response, I am having internet problems.

This ought to be a once only procedure. However, if you shut down MT4 for quite a while (a few days, weeks), then it will probably take a few minutes, when you restart it'ch up' while the RS indior gathers the data that occurred during the timeout. The currencies and timeframes the indior is plotting, the longer the procedure. Then it might be better to exit/restart MT4 and perform the manual cycling process Should you find it taking hours rather than minutes.

The exact same is true in case you eliminate currencies or timeframes in the indior, then you reinstate them again. This would result in the data'ch up' procedure.

I wish you a joyful and safe holiday and a booming 2012.

David

HI DAVID

for people who want to see that the current strength of a pair of currencies on a chart, has created an essential add on indior for current potency, I find it quite helpful because I don't need to return to the current strength chart to see the pairs potency, check it out here, https://www.cliqforex.com/trading-sy...aims-rise.html
IMHO it is a crucial add on for users of current potency.

A very Merry Xmas and a prosperous new year for you and your loved ones.

Kind regards

Today got so disgusted with Internet Explorer (It won't download from certain websites now.) That tried switching my default browser to firefox, but find favicons can't be used by you and also my computer is not anything but folders full of folders full of favicons. Perhaps they will tackle this . (Seems Windows has disabled it , since based on older posts online it was possible.) Am however very happy with Foxit reader and also have had certain dislike of Adobe who it seems, had it handed to them, in addition to their locking up the market for industrial graphics stuff before, based mostly on getting the funniest user support services potential, using a distinctive mischievous attitude. Of course everybody knows that Windows 7 / Vista is a big step backwards. It's a constant source of aggravation. Everything in U.S. is going to the Devil.

Therefore, if Mozilla should decide to develop a open source operating system and it ches on, do you think you would be prone to re-write your indiors, specifically Plot_News, to run on it? (Do not know if such an operating system is feasible or likely but think they'd better do it soon, since Windows 9, based on my calculations, signals the end of earth.)

Nice image on your user profile has been curious to learn about your computer keyboard hobby. Was a computer keyboard major in college and still can play a few minutes day, today that homelessness is for the second from the way.

Best Wishes for Merry Christmas and Happy New Year,

Bruce

@astral77 thanks for the information.

@brucewhain: both MT4 as well as the FFcal.EXE app run independently of any internet browser (e.g. Internet Explorer or Mozilla Firefox). Agree with you about Vista and Win7, btw; both have caused headaches for me personally responding to the countless number of users that wonder EAs and indiors do not work (when MT4 is installed somewhere under Program Files).

I want everybody a happy and safe holiday and a prosperous 2012.

David

Mat,

Sorry about the belated reply, I'm having internet problems.

This ought to be a once only procedure. However, if you shut down MT4 for quite a while (a few days, months ), then it will probably take a few minutes, when you next restart it, to'ch upward' whereas the RS indior collects the data which happened during the timeout. The longer currencies and timeframes that the indior is plotting, the more the procedure. Then it might be better to exit/restart MT4 and perform the cycling process Should you find it taking hours rather than minutes.

The...

Hi David

Merry Xmas too.

Yes I thought that was the case just wanted to check.

I think I'm getting the hang of your indior

You mentioned before that you're interested in the slope of the last two data points to give you the connection of strength/weakness. Does that imply form the current forming information points or the two data points that are entirely finished? (In my case the last two entirely finished days). The current forming day is obviously fluxing around because it receives new information.

I only trade daily charts so could it be a viable remedy to look at only the daily and weekly recent strengths to give me the momentum, is there a necessity to look at any lower? The confirmed with all the daily strength/weakness of course with the signal and the right area should provide for a good entry.

When I first started to use your indior I had them up on my screen but it became quite confusing, especially the decrease time frames.

Regards, Mat

Hi David

Merry Xmas too.

Yes I believed that was the case just wanted to check.

I think I am getting the hang of the indior

You mentioned earlier that you're most interested in the slope of the previous two data points to give you the relationship of strength/weakness. Does that imply form the current forming information points or the previous two data points that are fully finished? (In my case the previous two fully completed days). The current forming day is always fluxing about as it receives new information.

I only trade daily charts so could...

Hi Mat,

I do not utilize the power indy to supply signals. Rather, I just examine the D1/W1 plots to give me an idea as to which currencies are strong, and that are weak. Pairing the strongest against the weakest ensures that I trade pairs that have been exhibiting the strongest, cleanest trends. I don't utilize the incline of the previous 2 points, just the incline over the last few data points to provide me a rough idea as to which pairs to trade. It's a process that is discretionary.

All of my entries are based around basic VSA, and support and resistance confluences, on mainly the M15 period. In case the D1/W1 trend is upward, then I'm looking to attempt to seek out potential intraday (semester ) lows as buy points (i.e. buying on dips), with tight stoplosses. Then if the uptrend resumes, any places opened over following days/weeks will close out, for RR trades that are high.

Vice versa for sells.

From the attached screenshot, AUD (green) and NZD (blue) are rising, also USD (white) and JPY (purple) are decreasing, most clearly in the D1 plot. What is especially important - and very odd - is that EUR (salmon pink) and CHF (yellow) are decreasing along with USD and JPY. I would be seeking to buy AUDUSD rather than EURUSD. CAD (brown) is also strong, so selling USDCAD is just another possibility. Next I would go to the D1 charts of these pairs to confirm the trends, then, wait for fashion continuation candles finally to the M15 to time my entrances.

But, this is just one possible way to utilize the indy. There are many different ways. In case you take a look at other strength indy threads, then you will find traders utilizing intraday plots as signal generators. Each to their own.

Keep in mind that the plots are not anything more than weighted moving averages of each one the pairs that lead to each individual line, e.g. if you chose each the GBP-based pairs (GBPUSD, GBPJPY, etc) and averaged them, the result is the GBP (red) strength lineup. Being derived from the constituent pairs, the potency lines will fluctuate exactly as the price of each pair fluctuates. Hence the strength indy is leading or lagging than price itself. In precisely the same manner, looking at each one the various stringth plots (distinct timeframes), in the expectation of establishing an overall management, will likely confuse you - since you have said - as looking at each one the various timeframes of any 1 pair could be equally confusing.

If you are using daily charts to time your entries, then it might make sense that shorter interval plots of the indy are irrelevant. Same logic applies, i.e. as the price movement on the reduced TFs of a pair could similarly be immaterial.

David

Thanks very much for this very informative article. I'd be grateful if you could post a URL to the post in post1, page1. None understands this indior better than you (since you created it) and IMHO the way you use it is the best possible utilization of the recent strength. I notice you mentioned VSA. Than that I could spare, I tried studying VSA but found it too complex and needing more time. I wonder if you have a fantastic source for studying VSA.

Kind regards