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Attachments: Strength breakout indicator
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Strength breakout indicator

Quoting MathTrader7
Here is Version 3.10 of the indicator. I fixed the issue with multiple alerts for the same signal. {file}


Thanks MT7
Quoting LITEchild
1. {quote} Not really. I only gave hints. I did not specify EXACTLY how I use the rules........................................................................ Its not the indicators per se. Its how you use them. The thought process is key! Sometimes the stress of babysitting a thread on forex factory can be exhausting and affect trading adversely. So for now fingers crossed...
This idea ties in neatly with major support & resistance levels.
Follow the Money
Quoting MathTrader7
Here is Version 3.10 of the indicator. I fixed the issue with multiple alerts for the same signal. {file}
Thanks, mate. Just downloaded. I need to wait for Monday to test it I suppose.
Quoting Shabs19
{quote} This idea ties in neatly with major support & resistance levels.
Understanding liquidity, Time Action and Price Action is priceless!
Quoting MathTrader7
Here is Version 3.10 of the indicator. I fixed the issue with multiple alerts for the same signal. {file}
Thank you Math!
Understanding liquidity, Time Action and Price Action is priceless!
Quoting 4fxonly
{quote} Thanks, mate. Just downloaded. I need to wait for Monday to test it I suppose.
I actually managed to test it now and the problem seems to be still there unfortunately... The arrow marks the last signal which appeared at 20:50 while the popup is repeated on top of each subsequent 5min bar. I hope you'll find some time to review it again, my dear friend
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Quoting 4fxonly
{quote} I actually managed to test it now and the problem seems to be still there unfortunately... The arrow marks the last signal which appeared at 20:50 while the popup is repeated on top of each subsequent 5min bar. I hope you'll find some time to review it again, my dear friend {image}
Multiple arrows/alerts on the same bar is not allowed. But on different bars you may receive alerts and arrows if the timeframe of the chart and the timeframe you set in the input settings of the indicator are different.
Trading is the hardest way to make easy money...
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}
Anything with breakout gets NY attention. There are other histograms like I know robinho thread has different types so you could check their if not solved already.
R:R "Percentage Focus"
Quoting 4fxonly
{quote} Thanks, mate. Just downloaded. I need to wait for Monday to test it I suppose.
There are simulators available online for trading.
R:R "Percentage Focus"
Quoting MathTrader7
{quote} Multiple arrows/alerts on the same bar is not allowed. But on different bars you may receive alerts and arrows if the timeframe of the chart and the timeframe you set in the input settings of the indicator are different.
Hi MT7. I never changed any of the settings but the size of the arrows, so the TF has always been current. As I pointed out in another post, it looks to me (unless I'm wrong) like the popup recurs on each subsequent bar as long as the triggering condition is still present (higher/lower value than high/low of previous cycle).
Typical example is if I open MT4 now, I still get popups on quite a few charts, although the arrows didn't appear on the last bar formed when the market closed.
Quoting PrinceJ58
{quote} Anything with breakout gets NY attention. There are other histograms like I know robinho thread has different types so you could check their if not solved already.
Thank you Prince.
Understanding liquidity, Time Action and Price Action is priceless!
Is it possible to have a option to switch of the alerts..
Hi, I'm new to this thread .. I am liking this indicator. I'm just finding the arrows too big for my charts. I am not very sophisticated, can anyone tell me how to change the arrow size? I have gone to indicator list>Edit but can't seem to find where to change the arrow size
Thankyou MathTrader7 for your Indicator. I've just installed it on my MT4. There is a request if you could sort out. I'm unable to change the arrow colours as the blue up arrow becomes difficult to see on a black background. Also a solid arrow would be nice. Could you add these options in your next version? Thanks again for the indicator.
Quoting Bret
Hi, I'm new to this thread .. I am liking this indicator. I'm just finding the arrows too big for my charts. I am not very sophisticated, can anyone tell me how to change the arrow size? I have gone to indicator list>Edit but can't seem to find where to change the arrow size
Inputs>Arrow size
Quoting bhanugopal
Thankyou MathTrader7 for your Indicator. I've just installed it on my MT4. There is a request if you could sort out. I'm unable to change the arrow colours as the blue up arrow becomes difficult to see on a black background. Also a solid arrow would be nice. Could you add these options in your next version? Thanks again for the indicator.
I second that too, thanks.
4fxonly.. thank you for the input on the inputs .. however when I open inputs from the edit indicator button I get

TimeFrame
Mode
Length
Smooth
Signal
Price
ModeMA
Mode_Histo

And nothing to indicate arrow size .. am I missing something ?
Quoting Bret
4fxonly.. thank you for the input on the inputs .. however when I open inputs from the edit indicator button I get TimeFrame Mode Length Smooth Signal Price ModeMA Mode_Histo And nothing to indicate arrow size .. am I missing something ?
Have you downloaded the latest version 3.1 from MT7?
Quoting Bret
4fxonly.. thank you for the input on the inputs .. however when I open inputs from the edit indicator button I get TimeFrame Mode Length Smooth Signal Price ModeMA Mode_Histo And nothing to indicate arrow size .. am I missing something ?
Here
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  • Post #60
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  • Edited at 5:47am Aug 14, 2017 5:37am | Edited at 5:47am
Since there is a lot of interest in this particular tool. Here is an example today of how good a filter it is. My currency strength tool flagged AUD as being worth a look this morning 8.30am(GMT). Drilling down to the corresponding AUD crosses shows ONLY AUDUSD with a tradable (scalping) setup. You should be able to figure out why the other crosses were untradable (for me that is). Entries and exits already triggered of course...should be obvious too...
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Click to Enlarge Name: AUDCADM30.png Size: 60 KB Click to Enlarge Name: AUDCHFM30.png Size: 58 KB Click to Enlarge Name: AUDJPYM30.png Size: 54 KB Click to Enlarge Name: AUDNZDM30.png Size: 58 KB
Click to Enlarge Name: AUDUSDM30.png Size: 55 KB Click to Enlarge Name: EURAUDM30.png Size: 59 KB Click to Enlarge Name: GBPAUDM30.png Size: 56 KB
Understanding liquidity, Time Action and Price Action is priceless!
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