Strength breakout indicator | Forex Factory

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Strength breakout indicator

  • #1
  • First Post: Jul 13, 2017 5:36am Jul 13, 2017 5:36am
Would anyone be kind enough to help develop this indicator further? I am interested in the indicator generating arrows and alerts on strength breakout cycles. Thanks guys.
Attached Image (click to enlarge)
Click to Enlarge Name: STRENGTH BREAKOUT INDICATOR.png Size: 55 KB
Attached File(s)
File Type: mq4 AbsoluteStrenghtHisto_Timeframe.mq4   8 KB | 1,766 downloads
  • #2
  • Jul 13, 2017 9:33am Jul 13, 2017 9:33am
Your idea is awesome.Waiting for someone to do that.
  • #3
  • Jul 13, 2017 4:24pm Jul 13, 2017 4:24pm
Quoting LITEchild
Would anyone be kind enough to help develop this indicator further? I am interested in the indicator generating arrows and alerts on strength breakout cycles. Thanks guys. {image} {file}
In case I did a poor job of explaining what I want clearly enough...

(1). We are only interested in using the highest bar value of a previous completed bull/bear cycle as reference.
(2). Alerts and arrows are only triggered in the current ongoing cycle whenever a candle closes whose strength value exceeds the highest bar value of the previously completed bull/bear cycle being used as reference in (1) above.
Attached Image (click to enlarge)
Click to Enlarge Name: STRENGTH BREAKOUT INDICATOR.png Size: 55 KB
  • #4
  • Aug 8, 2017 12:34pm Aug 8, 2017 12:34pm
Quoting LITEchild
Would anyone be kind enough to help develop this indicator further? I am interested in the indicator generating arrows and alerts on strength breakout cycles. Thanks guys. {image} {file}
Hi my friend!

Here is what you asked for...

Best,
Math
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 34 KB
Attached File(s)
File Type: ex4 MT7_AbsoluteStrenghtHisto.ex4   36 KB | 1,398 downloads
Trading is the hardest way to make easy money...
  • #5
  • Aug 8, 2017 3:43pm Aug 8, 2017 3:43pm
Quoting MathTrader7
{quote} Hi my friend! Here is what you asked for... Best, Math {file} {image}
Thank you so much buddy! Appreciate your kind effort. I know I am usually terrible at explaining ideas clearly so I am truly sorry for that. In post 1, I was trying to say that arrows should only printed on candles whose ABS value exceeds the highest ABS value in previous buy/sell cycle. It would also be nice if the size of the arrows could be adjusted to fit screen size/zoom. Thank you MT7!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 53 KB
  • #6
  • Aug 9, 2017 1:49am Aug 9, 2017 1:49am
Quoting LITEchild
{quote} Thank you so much buddy! Appreciate your kind effort. I know I am usually terrible at explaining ideas clearly so I am truly sorry for that. In post 1, I was trying to say that arrows should only printed on candles whose ABS value exceeds the highest ABS value in previous buy/sell cycle. It would also be nice if the size of the arrows could be adjusted to fit screen size/zoom. Thank you MT7! {image}
You're welcome! :-)
Now I think I got what you want the indicator to do. I will release another version....

Best,
Math
Trading is the hardest way to make easy money...
  • #7
  • Aug 9, 2017 1:56am Aug 9, 2017 1:56am
Subscribed. Thanks and
Regards
  • #8
  • Aug 9, 2017 2:13am Aug 9, 2017 2:13am
Quoting MathTrader7
{quote} You're welcome! :-) Now I think I got what you want the indicator to do. I will release another version.... Best, Math

  • #9
  • Aug 9, 2017 2:44am Aug 9, 2017 2:44am
Quoting LITEchild
{quote}
This should be a great addition friend, I can see where your going with this, waiting faithfully, all the best LITEchild, GW
IMPROVISE ADAPT OVERCOME
  • #10
  • Aug 9, 2017 7:40am Aug 9, 2017 7:40am
Quoting Ghost Walker
{quote} This should be a great addition friend, I can see where your going with this, waiting faithfully, all the best LITEchild, GW
Thank you Ghost! You have been very generous in sharing so much of your scalping methods. This indeed will also be a great tool. If I can handle the stress involved I might start sharing a thing or two I have found useful. Fingers crossed...
  • #11
  • Aug 9, 2017 1:26pm Aug 9, 2017 1:26pm
Quoting LITEchild
{quote} Thank you so much buddy! Appreciate your kind effort. I know I am usually terrible at explaining ideas clearly so I am truly sorry for that. In post 1, I was trying to say that arrows should only printed on candles whose ABS value exceeds the highest ABS value in previous buy/sell cycle. It would also be nice if the size of the arrows could be adjusted to fit screen size/zoom. Thank you MT7! {image}
Here is the second version of the indicator. I think this version does what you have in your mind...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 49 KB
Attached File(s)
File Type: ex4 MT7_AbsoluteStrenghtHisto.ex4   33 KB | 1,274 downloads
Trading is the hardest way to make easy money...
  • #12
  • Aug 9, 2017 1:44pm Aug 9, 2017 1:44pm
Quoting MathTrader7
{quote} Here is the second version of the indicator. I think this version does what you have in your mind... {file} {image}
You nailed it MT7! Perfectly. Slight issues with refresh though i think. Had to change timeframes and back again before some arrows updated. Is it possible to have an option not to show histogram at all, only the arrows? Job well done buddy!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 45 KB
  • #13
  • Aug 9, 2017 2:31pm Aug 9, 2017 2:31pm
Quoting MathTrader7
{quote} Here is the second version of the indicator. I think this version does what you have in your mind... {file} {image}
Dear MathTrader, would it be possible to add an email alert?
  • #14
  • Aug 9, 2017 3:22pm Aug 9, 2017 3:22pm
Quoting LITEchild
{quote} You nailed it MT7! Perfectly. Slight issues with refresh though i think. Had to change timeframes and back again before some arrows updated. Is it possible to have an option not to show histogram at all, only the arrows? Job well done buddy! {image}
fingers crossed i hope you are gonna share strategy when indicator is completed....i can see you have something coming with this indicator and strategy to be used.
  • #15
  • Aug 10, 2017 1:05am Aug 10, 2017 1:05am
Quoting LITEchild
{quote} Thank you Ghost! You have been very generous in sharing so much of your scalping methods. This indeed will also be a great tool. If I can handle the stress involved I might start sharing a thing or two I have found useful. Fingers crossed...
Please share the ADR indicator used on your chart.
Thanks
  • #16
  • Aug 10, 2017 1:18am Aug 10, 2017 1:18am
Quoting rubion
{quote} Please share the ADR indicator used on your chart. Thanks
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 1,160 downloads
  • #17
  • Aug 10, 2017 2:54am Aug 10, 2017 2:54am
Quoting tradur
{quote} Dear MathTrader, would it be possible to add an email alert?
Interesting indi. Thanx to LITEchild for sharing and to MathTrader7 for the arrows. If I can join tradur's request, how about a pop up alert? Also an option to modify the arrows colour would be handy. Thank you.
  • #18
  • Aug 10, 2017 2:56am Aug 10, 2017 2:56am
Quoting 4fxonly
{quote} Interesting indi. Thanx to LITEchild for sharing and to MathTrader7 for the arrows. If I can join tradur's request, how about a pop up alert? Thank you.
You are welcome! :-)
Pop up alert has been already implemented.
Trading is the hardest way to make easy money...
  • #19
  • Aug 10, 2017 3:15am Aug 10, 2017 3:15am
Quoting MathTrader7
{quote} You are welcome! :-) Pop up alert has been already implemented.
Hello Math,

Can you add a push notification to alert on mobile devices. thanks
  • #20
  • Aug 10, 2017 3:16am Aug 10, 2017 3:16am
Quoting LITEchild
{quote} {file}
Thanks Alot
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