thread: Recent Strength indicator

thanks for these articles!!! Im with Giraia currency strength....

Giraia calculates the place of the current (bid) price relative to the high and low of the currently forming candle. When the current price is at the reduced, the value is 0, at the high it is 100, if exactly at the midpoint it is 50, if it is 27% of the way up the candle it is 27, and so on. Afterward it averages these values across all pairs for a given currency. If you set TimeFrame to D1, it is the currently forming D1 candle, even if you set TimeFrame to H4, it is the currently forming H4 candle, etc.

RefreshPeriod is just how frequently the indior recalculates and updates itself:
#61623; T = each tick
OR
#61623; M1, M5, M15 etc on the first tick of each M1, M5, M15, etc (i.e. complete timeframes, TF stays'locked' even in the event that you switch charts). Hence if you wanted it to update once every 5 minutes, then you'd kind M5
OR
#61623; 0 = the initial tick of each new candle on the current chart, 1 = initial tick of each new candle on another longer TF, -1 = initial tick of each new candle of another briefer TF, etc.. Hence if the current chart is H4: 0 = H4, 1 = D1, 2 = W1, etc; -1 =H1, -2 = M30, etc. (i.e. relative to the TF of the current chart, TF changes as you alter charts)

I really don't have a Giraia indior whose calculation is based on earlier trademarks.

Dear CSM users.
CSM default font is Placard MT Condensed.
In the attachment is really the exact same font only capital letter I'm more extensive. The result can be viewed from the attached image.

https://www.cliqforex.com/attachment...1388267226.rar

Dear CSM users. CSM default font is Placard MT Condensed. In the attachment is actually the exact same font just capital letter I is more more extensive. The outcome can be viewed from the attached picture.

Thank you for your contribution to this thread.

Hanover,

Can you tell what this indi is and exactly what the 3 lines are... is it an alternative for RSI?


cheers
https://www.cliqforex.com/attachment...2071952387.mq4

Could you tell what this indi is and what the 3 lines are... can it be an alternative for RSI?

It seems like three different plots of http://stockcharts.com/school/doku.p...ndiors:willi_r (aka Willi percent R or WPR) with three distinct periods (it defaults to blue line=14, green line=10, red line=20). Just compare it to MT4's native Willi Percent Range indior to verify this. You could use it as an alternate to RSI if you want to; all of overbought/oversold oscillators (e.g. RSI, stochastic, WPR, etc) reveal much the same thing IMO.

Thanks Hanover as usual filled with advice you should be knighted

Ta

PS: Hanover

%b - (bandwith) will you give me your thoughts on this and possibly an indi...

beginning to use BB's alot longer

you ought to be knighted

LOL, all I do is use Google.
For example: advice on bandwidth http://stockcharts.com/school/doku.p...ger_band_width,%b http://stockcharts.com/school/doku.p...ger_band_perce

can you give me your ideas

My thoughts? A few Bollinger band fundamentals here, plus a warning that if you are going to utilize indiors to indicate entries, then (if I may generalize) that they'work' profitably only a few of the time, success is highly Determined by overall context, and much may also depend on your exits

%b (Bandwith) - MT4 do not have an indi for it?

Yeah I understand exactly what you mean about entrances, just when I'm researching BB's I'm keep hearing about percent b bandwith indi,
I guess I just wanted to view it to the chart if you understand exactly what I mean.

Is there anything that comes near it about the MT4 do you understand?



Thank You Hanover

@Hanover. You might not have required for cash like most other people will, you've given publicly in additional to put smile on the faces of traders who have lost soo much money in Currency Market. I tell you buddy, this is larger than money itself. Thanks for ur contribution and help. We all are grateful