Spaghetti Indicator (28 Pair Relative Strength )

I want to share these Indicators for traders that using some Basket trading systems or single pair trading systems such as :

1- Mr T101 Basket Trading System : beside the Basket_indicator , T101_v1[1].14_orest , BuySellBasketTotalv2 , BasketBars_v1.5 , BasketBars_v2.1E , Multi Basket Movement_FOREXflash©_v3
basic method of T101 : http://www.forexfactory.com/showpost...50&postcount=1
indicators of Orest,SMJ,FF... : http://www.forexfactory.com/showpost...69&postcount=1
LateComer all_in_one : http://www.forexfactory.com/showpost...postcount=1038

2- Mr Kang_Gun Relative Strength Basket Trading System : beside the KG RS GROUP & KG_RS_JPY , KG_RS_XXX
http://www.forexfactory.com/showpost...20&postcount=1

3- Mr Es Trader Trading System Using Relative Strength : beside the Mr FerruFx indicators
http://www.forexfactory.com/showthread.php?t=113181
Mr 1trader2 : Trading System Using Relative Strength-Part 2
http://www.forexfactory.com/showthread.php?t=116412

4- any of single pair trading systems specillay for : EU , GU , GJ , EJ as single currency Strength meter ( Sentiment ) and Cpair Sentiment meter


Requirements:

a- Demo Account in a Broker who has all of CPairs of ( USD , EUR , JPY , GBP , CAD , CHF , AUD , NZD ) = 28 CPairs "the most active brokers who have good trading Volumes in any CPair"
pereferbly Alpari (ru) , MIG , FxPro , ODL ( CPair names aren't Prefixed or Postfixed )

b- MT4 V218+

c- CPU 2Ghz+ , Ram 1Gb+ , 10GB+ Free room in drive that Demo MT4 is installed ( say C:\ ) , Fast Internet Connection ( 64 kbps + )

RUN:

1- Run Demo Account Mt4 then in MT4->Tools->Opions->Charts set "Max bars in history" to 30,000,000 , "Max bars in chart" to 500,000
2- Open all of 28 CPair Charts
3- in every Chart , switch TFs to refreshing every TFs data for every chart( 28*9 times ) this may comsume some minutes
4- Exit MT4 then RUN it Agian ( this saves the last recieved chart datas )
5- Drag and Drop "Sentiment_All_v2" to EURUSD or USDJPY or GBPUSD , and add level 0 if it is needed.
typical settings:
Settings for TF5m : MA_Per = 12 , Flt_Per = 3 , CandleBack = 1 , History = 120
Settings for TF15m : MA_Per = 8 , Flt_Per = 3 , CandleBack = 1 , History = 120
Settings for TF30m : MA_Per = 6 , Flt_Per = 2 , CandleBack = 1 , History = 120
Settings for TF1H , TF4H , TF1D , TF1W : MA_Per = 5 , Flt_Per = 2 , CandleBack = 2 , History = 120

6- Drag and Drop "Sentiment_Cpair_v2" to your desired CPair with the same settings.

RULES:

a- in a non ranging market "Sentiment_All_v2" : the Cross of two curves of two single currency of any CPair will be the pre entry signal or confirmation of any above mentioned SYSTEMS
specially if two curves comming from opposite sides of 0 level then crossing each other then going to the other side of 0 level.
b- "Sentiment_Cpair_v2" such as above and the white curve crossing of 0 level will be pre entry signal for trade.

c- exit as per your system or use TP/SL/TSL or use trailing profit protect or "use crossing to opposite direction" of white curve to 0 level.

d- for basket trading attach two indicators to EURJPY and use it as pre entry signal beside the above mentioned Basket / Relative Strength Basket Trading Systems.

e- for intraday trading use TF4H " 5 , 2 , 2 , 120 " as trend confirmation ( white : above 0 and increasing angle = UP_TREND , below 0 and increasing angle = DOWN_TREND )
then use TF15m " 5 , 2 , 2 , 120 " as entry signal for trend following methods.

note1: in TF4H if the white curve is flat then use TF1H " 5 , 2 , 2 , 120 " as TREND indication and TF15m or TF5m as entry signal

note2: in TF4H if the white curve and level 0 line angle is converging it means Retracement or ( TREND revesal if it cross the 0 and 4H candle close ) then use lower TFs " 5 , 2 , 2 , 120 " and tight SL/TP for trading .

note3: if two curves of Single Currency of Any CPair moved to same side of 0 level and converging together , it does mean semi_equal strength then don't trade this CPair till changing condition ( diverging 2 curves )

f- for faster entry and exit ( scalping ) use TF5m , " 4 , 2 , 1 , 120 "

g- ranging market detection : use "Activity_indic_1" , TF5m " 8 , 2 " as ranging market detector , if 3 curves are near zero level then it is ranging then Don't trade or use "Sentiment_Cpair_v2" , TF1m " 5 , 2 , 2 , 120 " and tight SL/TP for scalping

h- for ready to Trig state set TF5 , " 1 , 1 , 1 , 120 " for retrace capture or turning point capture from pivots or fibos.

Notice:

1-By combinig the Sentiment_Cpair_v2 crossing 0 level and Activity_indic_1 midline(Aqua) gravity to one of 2 other curves and diverging from 0 level , you can use these indicator as entry , or going to midway of median curve(Aqua) for exit .
2-These Indicators are very time consumong for CPU , then dont use other indicators in this Demo MT4, Unless a powerful pc or notebook ( Dual or Quad)
3-" 2 times per day " exit MT4 then run again for saving the last recieved data .
4-randomly switch TFs of attached indicator chart to refreshing all charts TFs data , or no switch to TFs that you don't need.
5-I did use some code of "MultiPairTrend_v2.1" by Mr "Alexander Arzumanov" , congratulations.

6-these Indicators can be used stand alone for entry and exit by crossing the 0 level by white curve or going to midway of median curve of Activity_indic_1 (Aqua).

7-if working with these inducators isn't easy ! apology! for my coding and for MT4 low speed ,

Basics:

these indicators are using price action and volume of all 28 CPairs as a general sentiment meter for every single Currency , and any cpair of 28. actually these are professionals_tracer indicators!
these indicators does better act in high volume trading hours and in low spread Brokers
settings : MA_Per = Moving average of "n" CustomCandle calcs , Flt_Per = smoothing period for curvature , CandleBack = convert "k" candle to one CustomCandle by periodx = k*period() and the resulting CustomCandles are overlapping , History = max bars for drawing

EURJPY Basket entry

As Companion Indicators.

GBPJPY Basket entry

As Companion Indicators , or stand alone.

Stand alone or companion,

EURUSD entry point

as companion or stand alone indicators.

I like your Indis, ill sure try them these days......thanks!
This is my mini basket indicator...maybe u can recode this for your personal style of trading!
It is based on RSI, and keeps track of the 6 pairs that I think has the most "correlated"movement! Try it!
Regards

very complex I think the old fashion was was easier
the eur is the big dog the pack will follow
The Usd/jpy can have a long chain
the Usd/Chf & the pound a short chain


Below the Chf & the Yen are out of line
.. the chf will come back watch soon!!
With care trade the Yen who knows when?



TEB

Thanks ForexFlash,

The Idea of Sentiment_All indicator:

when n lot of CPair is traded in a broker eg , 100Lots EURUSD it means 100*100,000 EUR_currency is bought/sold and 100*100,000*EURUSD USD_currency is sold/bought and at trading moment EURUSD is 1.2650
then 100*100,000*1.2650 USD_currency is sold/bought.

in step1: if you gather all volume data of a highly active broker in 28 CPairs at the same time_box moment then if you sum all of extracted XXX_currency values (bought +sign , sold -sign ) then you will be able for knowing the Relative Sentiment of all xxx_currency at that time .
but from where you know the sold/bought or bought/sold status of a CPiar trading volume at that time?
simply use (bought/sold for up going candle) and ( sold/bought for downgoing candle)!!!
eg: if candle is downgoing then n_volume lots of EURUSD is sold/bought or EUR is sold , USD is bought.

( if MT4 would be capable for more then 8 indicator buffer you will be able for more than 28 CPair calculation, and OIL and GOLD and ... but it doesn't matter because more than 80% of trades are around these 28 CPairs )

in step2: if you properly weight the the effect of any CPair in those mentioned Summation and Subtraction , you will be able to trace the money packets of trading in that broker that moves from one xxx_currency to other xxx_currency, this is the professionals_tracer!!!

I did these by using of normalizing all trading volumes to USD at the same time rates , and price movement of desired time_box is the proportion weight of calculations.
eg. (Close[i] - Open[i+Candle_Back])/(Highest(i,i+Candle_Back)-Lowest(i,i+Candle_Back))

in step3: you can subtract spreads from calcs for sharp crossing of 0 level ! and for filtering the results of calcs use MA for smoothing and Flt_per for double filtering (Sinusoid shaping) and squre rooting for better visuliztion of near 0 level curve action!

in step3: if you think this is a good idea then please kindly help for more improvements!

Regards

Thanks TEB63,

yes this is a complex method, but it is a strong Professionals_tracer and with a good setup it will show entry signal at least 1 TF_Candle sooner than other indicators,
and by using Activity_indic_1 it signals sooner than other exit strategies!

but payoff is time consuming calculations!

Here is one example for 2 intraday EURJPY or Basket trading signals
OTR

this is a GBPJPY trading signal,
OTR

ontheroad ,what VOLUME are you talking about? MT4 brokers as far as I know have Volume taht stands for number of ticks per time unit not volume in their liquidity pool or am wrong?

USDJPY intraday trade signal,
OTR

Hi,

The volume that included in every candle data and can be seen by attaching VOLUME indicator of MT4 or chart properties ,(eg : you can see it in history center)
the value of it does mean : THE TRADED STANDARD LOTS OF CPair in that Broker, (in TF , Candle time_box)

thx
OTR

I still think its just a tick count, but which of the brokers u mentioned is the best from ur experience?

GBPAUD CRAZY Pair!!!! signal

Strictly Use SL/TSL for this Gudzilla Pair!!!!!
plus very TIGHT MM ( less than %1 )

OTR

MIG,ALPARI(ru),ODL,FXPRO

GBPCHF Signal,

why "Max bars in chart" to 500,000 , isnt it way too much will be slow as hell, how much history your indies need to give signal?

2nd box in the Usd/Chf is where I think price will go

TEB