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Strength Meter

  • #1
  • First Post: Aug 24, 2011 4:33am Aug 24, 2011 4:33am
Hi All.

Does anyone have the source code (.mq4) for the attached indicator ?

Thanks

Scoobs

PS. Or if not does someone know how it actually calculates the index strengths ?
Attached File(s)
File Type: ex4 CC-Diff_[v2.0].ex4   97 KB | 1,258 downloads
  • #2
  • Aug 25, 2011 4:20am Aug 25, 2011 4:20am
Well, I don't have the original code..
but you might find those links below useful..
http://articles.mql4.com/422
http://articles.mql4.com/484

You'll find explanations and original source code of all the CC family
indicators.. (CC , CCFp, CFP ....)

best,
indiana
  • #3
  • Last Post: Aug 25, 2011 12:31pm Aug 25, 2011 12:31pm
Quoting scooby-doo
Hi All.
Does anyone have the source code (.mq4) for the attached indicator ?
Unfortunately not. The indicator was coded by FerruFX (FF username). He used to have a website where he sold different MT4 indicators but he sold the rights to a company that doesn't exist anymore (website defunct so I presume the company was closed as well).

Quoting scooby-doo
PS. Or if not does someone know how it actually calculates the index strengths ?
Yes. It's very simple, really. It is based on the CCFp indicator*. There are different versions of the 'diff' indicator that measure slightly different things.
Quote
It calculates the difference between the 2 previous bars for each currency based on the exact same CCFp calculation.
The quote is from this post and it is the first mention of the 'diff' indicator. The indicator itself was coded for the purposes of trading the system as outlined in the first post of the very same thread. It's been a while since I read the thread so I can't remember what the differences between the different versions were (there were at least three versions of the same indicator released). You would have to browse the attachments page to see when version 2 was first released. You would then click on the 'post' link and see if there's an explanation.

*Since the indicator you posted carries the name CC not CCFp and since the family of indicators coded by Simeon Semenych includes not only CCFp, but also CC, I have a feeling that what you posted might be a different thing from the one that was posted in the 'Trading system using relative strength' thread (after all, FerruFX coded the CCFp-Diff after CCFp, not CC). The only way to make sure is to download CCFp-Diff version 2 from the thread and compare it to what you have. They could be the same, but they could be different. To find out more about CC and CCFp, see the articles linked to by Indiana Pips.

I hope this helps. I know this post is a bit messy, so please feel free to ask more. I will do my best to clarify when and where needed.
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