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Pair Strength Analyzer indicator

  • #301
  • Apr 6, 2018 4:51am Apr 6, 2018 4:51am
I wonder why so few people use MT5. After all, it has such an advantage as support for multi-core processors when testing strategies.
  • #302
  • Apr 6, 2018 6:57am Apr 6, 2018 6:57am
Hello Hanover,
I have read thru some post here and i find it very interesting here. I really appreciate your work and generosity. More blessings Sir.
pls I need the PSA indicator, can you post it now?
  • #303
  • Edited 11:46am Apr 6, 2018 7:56am | Edited 11:46am
Quoting Isensefx
I need the PSA indicator, can you post it now?
Please see post #1.
  • #304
  • Apr 6, 2018 3:30pm Apr 6, 2018 3:30pm
Quoting hanover
{quote}Firstly, I'm a programmer, not a pro trader; I run a couple of small accounts and trade only as an occasional hobby. FWIW I use the PSA indicator like this. But IMHO the accuracy of the settings isn't important, it's merely giving a rough idea of where sentiment is. I could just as easily use a composite of H4,D1,W1; it wouldn't necessarily deliver superior or worse analysis. Whereas if (for example) you were an intraday trader, trying to catch the institutional...



Hi Hanover, Thanks for sharing the indicator. I have downloaded the indicator folder and installed the indicator but I don't have the arrows ! what's wrong with it?
green pips to you
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  • #305
  • Edited 11:53pm Apr 6, 2018 6:09pm | Edited 11:53pm
Quoting kasrafx
I don't have the arrows ! what's wrong with it?
The arrows were added using an image editor to simply show the points where price retraced to the central channel.
  • #306
  • May 6, 2018 9:30am May 6, 2018 9:30am
Quoting hanover
{quote}[...] if it shows enough promise over the next few weeks, I might even be tempted to write an EA. Very simply, if sentiment persists long enough, this type of system will profit; if it evaporates too quickly, losses occur. Every system has its strengths and weaknesses; market conditions that are favorable, and market conditions that are not. For me, the key is to maximise gains in the former, and keep losses as small as possible in the latter. (However, perhaps the biggest problem with all indicator based entries is the lateness of the signal;...
Hi David,
Thank you so much for PSA. In fact for all the tools you provided and your kindness in answering each and every question, even if it was repeated one.

Back to above (15 Min channel system) , I think it didn't get its fair amount of viewers and attention here. I'm sure if you posted it on its own thread, a lot more ppl will join in testing it and providing feedback.
  • #307
  • May 8, 2018 5:19am May 8, 2018 5:19am
Dear hanover and all friends.
Why i not same as all?
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  • #308
  • May 21, 2018 3:22pm May 21, 2018 3:22pm
Attached Image


I've attached the indicator and added my broker's suffix and everything loaded up fine but it appears the graphical parameters are out of whack. I read the PDF and every page of this thread but I did not discover guidance. Are not the default settings appropriate for correct display?

Also, on adding a font. Where are we supposed to put the font files?

Thanks.
  • #309
  • May 21, 2018 4:14pm May 21, 2018 4:14pm
Quoting STD-Deviant
{image} I've attached the indicator and added my broker's suffix and everything loaded up fine but it appears the graphical parameters are out of whack. I read the PDF and every page of this thread but I did not discover guidance. Are not the default settings appropriate for correct display?
Try changing the Font Size within the inputs panel.

Also, on adding a font. Where are we supposed to put the font files? Thanks.

Windows 7, Fonts folder is located in Control Panel\All Control Panel Items\Fonts, Copy & Paste file into that folder.
It never gets easier, you just get better
  • #310
  • May 21, 2018 5:14pm May 21, 2018 5:14pm
Attached Image



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Hey, thanks! I found the font size parameter. The instructional PDF file is a little old so it's kind of hard to cross reference. My brain is fried from reading too many threads.

The indicator is still cut off at the bottom unless I F11 for full screen. Also, it's set for TR for indicator placement but it's actually bottom right as you can see.

I have Hanover's Recent Strength indicator and it's working fine for me. Is there a reason why I would need to get this one working? I do prefer a histogram layout. I apologize for the dumb/open-ended question but I've been reading through 100's of pages on 20+ authors of currency strength indicators and I just want a good one that works well. I'm using it as one of many filters for my trading setups. I believe I understand the limitations of the indicator.

My brain is numb from reading so many threads. And DAMN YOU Hanover for providing so many "helpful" links that I HAVE to obsessively click on which fills the top of my browser and which I have to eventually read. *cries*
  • #311
  • May 22, 2018 4:00am May 22, 2018 4:00am
Quoting STD-Deviant
{image} {image} I just want a good one that works well. I'm using it as one of many filters for my trading setups. I believe I understand the limitations of the indicator
Have you looked at Honestknave's MADash, thats pretty good if you like CSM indicators ?
It never gets easier, you just get better
  • #312
  • Edited 11:44am May 22, 2018 4:33am | Edited 11:44am
Quoting STD-Deviant
{image} {image} Hey, thanks! I found the font size parameter. The instructional PDF file is a little old so it's kind of hard to cross reference. My brain is fried from reading too many threads. The indicator is still cut off at the bottom unless I F11 for full screen.
Change the last digit number to a lower number for vertical spacing.

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It never gets easier, you just get better
  • #313
  • Jun 8, 2018 7:22am Jun 8, 2018 7:22am
Hi Hanover,

This indicator is super awesome testing it 2days now and it has been accurate, so thank you for making life much much easier for us all.... we are truely grateful.

I have one slight problem,

i did not change any setting on the indicator, applied it by default... but i don't get a long list of pairs listed just a few shows, please why is that and also is there any other setting am supposed to adjust @shabs19 to make the indicators performance more profitable? attached is screen and the few it shows at a time
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  • #314
  • Jun 8, 2018 8:47am Jun 8, 2018 8:47am
Quoting idreezz
Hi Hanover, This indicator is super awesome testing it 2days now and it has been accurate, so thank you for making life much much easier for us all.... we are truely grateful. I have one slight problem, i did not change any setting on the indicator, applied it by default... but i don't get a long list of pairs listed just a few shows, please why is that and also is there any other setting am supposed to adjust @shabs19 to make the indicators performance more profitable? attached is screen and the few it shows at a time{image}
Do you have all 28 pairs in Currency Pairs in inputs ?
Abbreviated as: 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

Do you have all 28 pairs showing in Market watch ? If not, right click within Market watch & select Show All

Without seeing your inputs tab, that's all that i can think of atm.
It never gets easier, you just get better
  • #315
  • Jun 8, 2018 10:53am Jun 8, 2018 10:53am
Quoting Shabs19
{quote} Do you have all 28 pairs in Currency Pairs in inputs ? Abbreviated as: 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 Do you have all 28 pairs showing in Market watch ? If not, right click within Market watch & select Show All Without seeing your inputs tab, that's all that i can think of atm.


Thanks for the prompt response.

Yes i have all showing in the inputs tab.. as well as the market watch too. heres a screenshot of it
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theres also something i noticed.

I installed the indicator without opening the indicator from the navigator tab. i just loaded the template that came with it and this is how it looks.
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but when i open the pair strength analyzer from the indicator tab and clicked ok... it changed the data showing currently from the default.
Attached Image (click to enlarge)
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and according to the current trend.. the default template is correct
  • #316
  • Jun 8, 2018 11:00am Jun 8, 2018 11:00am
Quoting hanover
{quote}Firstly, I'm a programmer, not a pro trader; I run a couple of small accounts and trade only as an occasional hobby. FWIW I use the PSA indicator like this. But IMHO the accuracy of the settings isn't important, it's merely giving a rough idea of where sentiment is. I could just as easily use a composite of H4,D1,W1; it wouldn't necessarily deliver superior or worse analysis. Whereas if (for example) you were an intraday trader, trying to catch the institutional...



this was what i installed @shabs19
  • #317
  • Jun 8, 2018 4:51pm Jun 8, 2018 4:51pm
Quoting idreezz
{quote} this was what i installed @shabs19
I notice that all the other pairs have a suffix. an underscore after the pairs name as XXXYYY_
you will need to add that underscore in inputs where it says symbol suffix.
It is strange that the pairs that are working do not have a suffix, why is that ?
It never gets easier, you just get better
  • #318
  • Jun 8, 2018 11:20pm Jun 8, 2018 11:20pm
Quoting Shabs19
{quote} I notice that all the other pairs have a suffix. an underscore after the pairs name as XXXYYY_ you will need to add that underscore in inputs where it says symbol suffix. It is strange that the pairs that are working do not have a suffix, why is that ?
Thanks Shabs19.

well i cannot say but i will give it a try.

But if i add the underscore to the settings the entire default template settings will change.

Is it possible to get the input settings that was used for the template am using so that i can input those too as well and make a new template.

attached is the template i downloaded with the indicators.
Attached File(s)
File Type: tpl M15 PSA.tpl   50 KB | 485 downloads


also i will like the data display to appear at the top corner of my screen so that i can see all the data at once.
  • #319
  • Jun 9, 2018 3:48am Jun 9, 2018 3:48am
Quoting idreezz
{quote} Thanks Shabs19. well i cannot say but i will give it a try. But if i add the underscore to the settings the entire default template settings will change. Is it possible to get the input settings that was used for the template am using so that i can input those too as well and make a new template. attached is the template i downloaded with the indicators. {file} also i will like the data display to appear at the top corner of my screen so that i can see all the data at once.
Just take a screenshot of the input settings for PSA indicator, this will give you a reference to all your settings.
Make the new chages to the PSA, if it works for you then save as a New template, call it M15PSA(2) or something like that.
No need to alter other indicators unless, the PSA gets in the way.
If the underscore does not work, then you may have to use another broker, I am afraid.

To move PSA to the top of the screen you need to make changes to your setting numbers in inputs, Window CornerHPosVposVspacing.

I have a separate blank chart open, with my favourite currency strength indicators only and when they all agree, it gives me a strong indication.
It never gets easier, you just get better
  • #320
  • Jun 9, 2018 6:13am Jun 9, 2018 6:13am
Quoting Shabs19
{quote} Just take a screenshot of the input settings for PSA indicator, this will give you a reference to all your settings. Make the new chages to the PSA, if it works for you then save as a New template, call it M15PSA(2) or something like that. No need to alter other indicators unless, the PSA gets in the way. If the underscore does not work, then you may have to use another broker, I am afraid. To move PSA to the top of the screen you need to make changes to your setting numbers in inputs, Window CornerHPosVposVspacing. I have a separate blank...

Thanks alot Shabs19,

I tried using EU_, AJ_ etc but still did not work, then i Tried using it in full EURUSD_, AUDJPY_ etc and then it worked. heres the screen shot, also ajusted the settings and everything seems to be fine.

Attached Image (click to enlarge)
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Thanks a whole lot for your help Shabs19

I have a question though, in the case of the default settings EU, AJ etc what will be the suffix for Gold and Ripple in other for it to display its strength too
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