thread: Recent Strength indicator

ua recently indior isd perfect I was wondering is it possible for u to make it seem as the indi on subwindow on the chart attached

Rambo,

that I was not considering rewriting the display format, and that I do not know how to figure the POI trend, in any case.

I attached the source code to place #398, if anyone else wants to handle it.

David

Rambo,

that I was not considering rewriting the screen format, and that I really don't know how to calculate the POI trend, in any case.

I attached the source code to place 398, if anybody else wants to handle it.

David

sorry I only wanted ua settings for recent strendth indi to show like the subwindow Free of poi trend I dont hav the indi on the subwidow but when u hav it uaself it'll be nice if u share

Hi David, just wanted to pop-in and say THANKS for sharing with your Recent Strength indior. That is such a great tool!

I wished to report a potential issue that might be IBFX-specific. I'm not having any difficulties with the indior on my Oanda MT4, however when I go to load it onto a IBFX MT4 account, for some reason the indior sets the colors . I'm using a fairly standard setup with a file assembled by your own script plus just WinXP.

It is not a huge deal... I just set all the colors properly and then stored it as a template so that I can get them back later. But I am unsure why this problem only occurs on IBFX rather than Oanda.

I am attaching a screenshot of before and after so That You can see.
Thanks

(PS: my apologies if this problem has already been drawn up. I searched this thread and did not find any specifics related to this and IBFX)

Hi David, just wanted to pop-in and say THANKS for sharing with your latest Strength indior. That is such a fantastic tool!

I wished to report a potential issue that might be IBFX-specific. I'm not having any difficulties with the indior in my Oanda MT4, but once I go to load it onto a fresh IBFX MT4 account, for some reason the indior sets of the colors to Black . I'm using a standard setup with a file plus just WinXP.

It is not a big deal... I just put all of the colors properly and then saved it as...

Dusk,

The colors put to the the'Inputs' tab (or presets/parameter file) should override people on the'Colors' tab. I have no idea why this could work otherwise with IBFX. Except possibly that the attributes in their'Link' page and mini-terminal EA might upset some aspects of MT4 functioning?

Anyhow, thanks to the heads-up.

David

Hi

Really nice indior and (I believe ) I know the principal of the supply/demand being the direction and angle connection between the currencies.

One thing I am not certain about is the separation and the middle line. Do these have any influence on the analysis or is a function of the scaling?

Sometimes the AUD will be right at the very top and melts and the USD might be right at the bottom and pointing up. So I am taking note of the supply/demand connection in that they are feeding each other

Hence the question is would this same situation mean anything distinct if the plots were closer together rather than at the extremes of the chart?

Regards, Mat

Hi

Very nice indior and (I think) I know the principal of this supply/demand being the direction and angle relationship between the currencies.

One thing I am not sure about is that the separation and the center line. Do these have any effect on this analysis or is a function of the scaling?

Sometimes the AUD will probably be right at the top and melts and the USD might be at the base and pointing up. So I am taking note of this supply/demand relationship in that they are feeding each other

So that the question...

Mat,

It's difficult to answer your question because there are many different types of plot available, depending on how you place the parameters. Is that lines sloping denote growing strength for that currency, relative to its peers; sloping downward, growing weakness. Whereas the end value, and some other crossovers, are determined on the re-scaling as well as the settings. Because the plots are based directly from price, they are sensitive to (and so as fickle as) price changes.

The calculations have been explained in article #7, and one possible way of using the indior in place #20.

I'm a developer, not a professional trader. A thread was started by benji .

Regards,
David

@Hanover:
First of all, your new indior is very nice! I believe it offers additional info in combination and it's a tool that is powerful.

I believed that the last days about how to use it in trading. My initial strategy was to trade the most powerful currency of the new CSM-indior Circuit the weakest currency and verify the tendency with a research on the Recent Power indior. Demotrading that strategy was not that successful, because if a currency has a value at the CSM-indior like gt; 8, a pullback is probable.

Basically the calculation of the CSM-indior is that of a Stochastic Oscillator. Looking at a chart with two Stochastic Oscillators (simulating two different TFs by setting the Stochastic indior appropiately - like one set at a period of 14 and the other set to a period of 70 to simulate a CSM indior using a 14 candles lookback length of the TFs 1min and 5min) I knew, that the pure value of the Stochastic Oscillator is not giving much information. Locating divergences on the chart of the Stochastic Oscillator is a more successful strategy.

Therefore, an improvement of the CSM-indior is to display also the older values like the Recent Strength-indior does. I do not understand how much time it would require you to include that to the current CSM-indior, but it will be a great and useful improvement.

- Strategy xy

Mat,

It is difficult to answer your question because there are many distinct types of plot accessible, depending on how you place the parameters. Is that lines sloping denote growing strength for this currency, relative to its peers growing weakness. Whereas the end value, and any crossovers, are dependent on the re-scaling and the settings. Since the plots are derived directly from price, they're sensitive to (and so as fickle as) price varies.

The calculations...

Okay that is great, will keep it in mind. I'm starting to get the hang of it now

The post on”Parallel and Inverse Analysis” that you or another member put up was a really excellent read thx.

I read in the beginning of the thread that FXPRO had all or virtually all the 28? Pairs as to provide a more accurate reading with you indior. I guess that would explain the gap between the screen captures I connected out of FXPRO and FXDD (who I'm using).

I do not think there should be some issues having a demonstration FXPRO account just to conduct your indior to provide me the supply/demand and then do anything else on the FXDD. I don't exchange anything less than daily candles .

Regards, Mat

@Hanover:
First of all, your new indior is very wonderful! I believe it offers great info in conjunction and it's a instrument that is quite powerful.

I thought the past days about how to utilize it in trading. My initial strategy was to exchange the most powerful currency of this new CSM-indior Circuit the weakest currency and confirm the trend by an appearance on the Recent Power indior. Demotrading that strategy was not that successful, because if a currency has a high value in the CSM-indior like gt; 8, a pullback is...

Hi,

Welcome to the forum.

The CSM was originally a XLS spreadsheet that utilized only the D1 timeframe. I switched it to MT4 since the'Currency Power - Giraia' indior (see articles #51 thru #57), and then, once I had a few spare minutes, turned it into a histogram, and included a multi-TF facility.

The issue with a histogram is the fact that it's capable of showing only one distinctive value, whereas a lineup indicates a constant stream of worth. Hence I don't know how to address your request, without plotting some kind of lineup.... Which brings us back to the indy explained in post.

The NumberOfCandles parameter allows you to get a kind of'weighted value' over a number of candles (see post #398 for an explanation).

I believe one way of working with the histogram is to focus on (for example) the D1, and pair the most powerful against the weakest. Then await a pullback in a brief timeframe (e.g. M15) in this pair, and once the price resumes in the direction of the D1 trend, then it's time to enter your trade.

I wrote the Recent Power indy primarily for my personal use. For me personally, it is the slope of these lines that has any significance.

David

Respected Sir,
Thank You for Fine Currency Index Reversal Indior along with your brilliant support. I know we just check alteration anticipated following 8 and under two.

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

I want to select index to trade whether its currency Index(e.g EUR) is bolstering on all chosen time frames irrespective of Index position.

Q- The best way to discover if 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.