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Pair Strength Analyzer indicator

  • #221
  • Sep 30, 2017 2:44pm Sep 30, 2017 2:44pm
Quoting KayStreet
I use the indicator in an EA, but won't be changing to the latest version soon since for now, you seem to not have changed the logic (strength calculation). ___
You're correct, the strength calculation hasn't been changed.
  • #222
  • Oct 20, 2017 8:19am Oct 20, 2017 8:19am
Hi, everyone.

Good job hanover.

I wanted to write my own PSA indicator but i found yours so, I'm very glad. you saved many time for me.
thanks again.

I didn't see your explain about global variables, so I used Object on the screen for my EA. LOL.

Is there any where use this kind of analysis for trading. Our is there anywhere i can look for few strategies for get some Ideas?

else do you have any Idea for build a good strategy?

I'm a good programmer I can help.

Sincerely yours
  • #223
  • Oct 20, 2017 11:58pm Oct 20, 2017 11:58pm
Quoting rezaamin
Is there any where use this kind of analysis for trading. Our is there anywhere i can look for few strategies for get some Ideas? else do you have any Idea for build a good strategy?
I'm likewise a programmer, not a pro trader.

When I'm trading, I prefer FA -- FX is driven by news to some degree -- but if you want some TA-based strength/weakness ideas, you could perhaps start here.
  • #224
  • Oct 21, 2017 10:06am Oct 21, 2017 10:06am
Quoting hanover
Latest updates to the PSA indicator:{file}1. The histogram facility has been updated to allow a user-defined font. Hence the CSM font (downloadable from this post) can be applied to give the result displayed in first screenshot below. If the font entry is omitted, the indicator uses the 'Wingdings' font as its default, like it did previously. (The effect in the screenshot is also created by setting the second entry to 73, which is the ASCII code for uppercase 'I')....
Can You share thsi chart indicator setting?
Attached Image
  • #225
  • Oct 21, 2017 11:00am Oct 21, 2017 11:00am
Dear hanover

Thanks for your kind reply.

yesterday trading wasn't bad i hope this i can test my real time trading EA base on your indicator.


Sincerely yours
  • #226
  • Oct 21, 2017 11:06am Oct 21, 2017 11:06am
Dear hanover

Another question:

I must use pairs information or currency information provide from your indicator?

Currently I only use pair information.

Sincerely yours
  • #227
  • Oct 21, 2017 11:22am Oct 21, 2017 11:22am
It could be a good idea improve your great CROSSTAB also for pairs.....
  • #228
  • Edited 5:56pm Oct 21, 2017 12:59pm | Edited 5:56pm
Quoting sansweet
Can You share this chart indicator setting?
Inserted Code
CurrencyPairs                 = "GU,UF,EU,UJ,UC,NU,AU,AN,AC,AF,AJ,CJ,FJ,EG,EA,EF,EJ,EN,EC,GF,GA,GC,GJ,GN,NJ,NC,CF,NF,XAUUSD,XAGUSD,XTIUSD,USDCNH,USDHKD,USDSGD,USDZAR,USDSEK,USDNOK,USDMXN";
HighlightPairs                = "";
SymbolSuffix                  = "";
ShowTopXPairs                 = "99";
LengthsForRegr                = "24";
PeriodsForRegr                = "H1";
WeightsForRegr                = "1";
RescaleUsingATR               = "100,H1";
UseDollarValueNotPips         = "false";
FinalScaleValue               = "-1";
PrevValuesToDisplay           = "0";
ResetPrevValues               = "false";
HistWidthSymbolSizeOffsetFont = "60,73,10,135,CSM";
RefreshPeriod                 = "+0";
FontNameAndSize               = "Lucida Console,11";
FontColorBullish              = "RoyalBlue";
FontColorBearish              = "Tomato";
WindowCornerHposVposVspacing  = "0,TR,250,10,14";
BGHeightHstartWidthColor      = "16,240,17,B64G0R0";
Visibility                    = "M1,M5,M15,M30,H1,H4,D1,W1,MN";
OutputFile                    = "";
CurrencyCrosstabFile          = "";
HistoricalShift               = "0";
CcySummaryOpt                 = "1";
UniqueID                      = "PSA_P0";
_______________________________
Quoting rezaamin
I must use pairs information or currency information provide from your indicator?
It depends on your strategy/interpretation:
Pair values give strength of pair relative to other pairs, depending on your settings.
Currency values gives composite strength of currency relative to other currencies.

Or you can simply use one to confirm the other, e.g. in post #128 screenshot, CHF (+2451) is strongest, CAD (-1443) is weakest. Therefore steepest trending pair should be CADCHF, which has the greatest (absolute) value (316). You can then view CADCHF candle chart -- and even attach a suitable regression line, if you wish -- to further confirm this steepness.

But for me, the PSA is only a starting point, and the fundamentals are more important -- what is fair value for the pair? are there economic/sentiment-based reasons to sustain the strength/trend, or is the pair now merely technically overbought/oversold? etc etc -- as I attempted to explain here and here.
_______________________________
Quoting metatsock
It could be a good idea improve your great CROSSTAB also for pairs.....
Not currently available, due to MT4 limitation of 8 buffers (plots) maximum (but there are potentially >28 pairs/instruments).
Quoting metatsock
I coded my own indicator (based on Currency Indicator protected by copyrigths) to plot clear the force of the 28 PAIRS. For this reason i cann't upload indicator.
Anyway, it seems that you've already coded your own indicator to do this. There's no point in my duplicating your work.
  • #229
  • Edited 9:13am Oct 22, 2017 4:22am | Edited 9:13am
for this Strength Analyzer I am really very grateful.
I am only at the beginning, the pdf # 1 to process and not yet so experienced with the technical possibilities MT4.
I particularly like the possibility to integrate Indices and commodities in addition to FX and monitoring via PSA files. I have some errors / open possibilities in my tpl, that is me aware. Through this forum I am motivated to include the suggestions of the thread step by step.

Thanks again to Hanover for the great work and the detailed explanations.

Attached Image (click to enlarge)
Click to Enlarge Name: tpl.JPG Size: 168 KB

Attached Image

---
edit
New tpl after I have seen the newest Indi PairStrenthAnalyzer #215
Attached Image (click to enlarge)
Click to Enlarge Name: tpl_171022.JPG Size: 193 KB

Using PSA I have to learn from other users
all the best for tomorrow
  • #230
  • Oct 22, 2017 5:44am Oct 22, 2017 5:44am
Hanover, it's a limit of iCustom calls

https://www.forexfactory.com/showthr...3#post10414863

If u write a new indi that read CSV files......u can set 28 buffers
  • #231
  • Edited 12:57pm Oct 22, 2017 9:47am | Edited 12:57pm
Quoting metatsock
If u write a new indi that read CSV files......u can set 28 buffers
The indicator was coded prior to the release of MT4 build 600, when the limit was 8 buffers. There is no benefit personally for me, to write an new indicator.
  • #232
  • Oct 22, 2017 10:09am Oct 22, 2017 10:09am
Quoting hanover
{quote} Good idea, try the attached. [EDIT] Fixed bug in indicator.{file}{image} NOTE: If you want the .mq4 source to compile without errors, you'll need to do this first. Otherwise, download only the .ex4 file.{file}
MR.Hanover ....Can you create this tradingview Kagi indicator....this indicator are very useful..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_9.jpg Size: 129 KB
  • #233
  • Edited 10:41pm Oct 22, 2017 12:53pm | Edited 10:41pm
Quoting sansweet
Can you create this tradingview Kagi indicator
I am sorry, I no longer create indicators or EAs for other traders unless they are useful to me also.
  • #234
  • Oct 24, 2017 9:13am Oct 24, 2017 9:13am
Thanks again for the extensive and useful work of Hanover. I am doing something wrong here / is there the possibility of change?

Attached Image (click to enlarge)
Click to Enlarge Name: tab.JPG Size: 157 KB
  • #235
  • Edited 8:17pm Oct 24, 2017 10:45am | Edited 8:17pm
Quoting Isabella_D
I am doing something wrong here / is there the possibility of change?
The latest version (which can be downloaded from post #1) should fix what I believe was previously a bug in the indicator.

This is the way the indicator is intended to (and should now) work:

 If ResetPrevValues is set to FALSE, and you manually refresh the chart (by changing either the instrument, or the chart timeframe; or by editing the parameter settings), then all of the values should move one column to the right, to allow a newly calculated value to be displayed in the leftmost column. This should also occur if the chart is refreshed automatically, as determined by the RefreshPeriod parameter.

 If ResetPrevValues is set to TRUE, and you manually refresh the chart, then a reset is performed, causing the newly calculated value to display in all of the columns.

 If you either close the chart, or remove the indicator from the chart, then everything likewise gets reset (which will be apparent only when the indicator is later reattached to a chart).

All of the above applies if PrevValuesToDisplay is set to a positive value (1 or 2). If it is set to a negative value (-1 or -2), then the above still applies, except that differences are displayed in the rightmost columns -- showing the increase or decrease since the last refresh(es) -- instead of the previous values.
  • #236
  • Edited Oct 25, 2017 11:52am Oct 24, 2017 1:07pm | Edited Oct 25, 2017 11:52am
[quote=hanover;10421880]{quote} The attached version should fix what I believe was previously a bug in the indicator. This is the way the indicator is intended to ...

thank you very much
-------------------------
edit 20171025
both columns work well
  • #237
  • Nov 27, 2017 3:19am Nov 27, 2017 3:19am
My experimental indicator to plot pairs value based read from PSA.....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 24 KB
  • #238
  • Dec 1, 2017 11:12am Dec 1, 2017 11:12am
Quoting metatsock
My experimental indicator to plot pairs value based read from PSA.....
Well done!
  • #239
  • Dec 2, 2017 2:26am Dec 2, 2017 2:26am
Yes interesting
  • #240
  • Dec 2, 2017 4:49am Dec 2, 2017 4:49am
Quoting metatsock
My experimental indicator to plot pairs value based read from PSA..... {image}
Good thinking.. ! Your indicator opens a new window ...
Imparo ancora
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