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An indicator for the strength of a currency

  • #121
  • Jul 5, 2019 4:22am Jul 5, 2019 4:22am
Quoting Rafei
OK guys, I have created the new version of the Daily Currency Strength indicator. The new feature are: Session indicator is added. The symbol, level, width, and color of the session signals can be changed. Setting the level to 0 will hide the session signal. Currency labels are added. Font size, corner, and location of the labels can be changed. The indicator shows the signals of the current pair and does not calculate the others. This helps the speed...
Really happy to dedicate your time and commitment to us
can you code +1 level and -1 level close time main chart show arrow?

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  • #122
  • Jul 5, 2019 4:44am Jul 5, 2019 4:44am
Quoting thisara1
{quote} Really happy to dedicate your time and commitment to us can you code +1 level and -1 level close time main chart show arrow? {image}
Thank you for your feedback.
OK, I will work on it.
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #123
  • Jul 5, 2019 5:50am Jul 5, 2019 5:50am
Quoting Rafei
OK guys, I have created the new version of the Daily Currency Strength indicator. ...
The indicator had a problem considering previous quotes and refreshing new data. The problem is resolved, please download the indicator again.
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #124
  • Jul 5, 2019 6:02am Jul 5, 2019 6:02am
Quoting Rafei
{quote} Thank you for your feedback. Early, it is a bit difficult to work with the indicator, but after a couple of days, you memorize the colors. However, I will add the colored notes. In addition, I am adding the session indicator.
Thanks for the reply and the new update
  • #125
  • Jul 5, 2019 6:46am Jul 5, 2019 6:46am
Quoting Rafei
{quote} The indicator had a problem considering previous quotes and refreshing new data. The problem is resolved, please download the indicator again.
Hi there dear friend Rafei.

Does it affect both the RSI and the CSI indicators? Or there is no need to update them too?

Best regards.
  • #126
  • Edited 8:06am Jul 5, 2019 7:38am | Edited 8:06am
Quoting Gauer
{quote} Hi there dear friend Rafei. Does it affect both the RSI and the CSI indicators? Or there is no need to update them too? Best regards.
Dear Gauer,
The core calculations were not changed, only some features are added.
Thanks.
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #127
  • Jul 5, 2019 7:41am Jul 5, 2019 7:41am
Quoting Rafei
{quote} Dear Gauer, The core calculations did not changed, only some features are added. Thanks.
Rafei line close arrow added indicator chart and main chart very useful
  • #128
  • Jul 5, 2019 7:47am Jul 5, 2019 7:47am
Quoting thisara1
{quote} Rafei line close arrow added indicator chart and main chart very useful
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #129
  • Jul 5, 2019 8:04am Jul 5, 2019 8:04am
Quoting Rafei
{quote}
chf fullback setup hold it daily
Attached Image(s) (click to enlarge)
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  • #130
  • Jul 5, 2019 8:23am Jul 5, 2019 8:23am
Quoting Rafei
OK guys, I have created the new version of the Daily Currency Strength indicator. The new feature are: Session indicator is added. The symbol, level, width, and color of the session signals can be changed. Setting the level to 0 will hide the session signal. Currency labels are added. Font size, corner, and location of the labels can be changed. The indicator shows the signals of the current pair and does not calculate the others. This helps the speed...
Currency strength works only when momentum is high. And pairs selected have mean reversion tenancy. Your timing for entry is critical. MOMENTUM LASTS only for a few minutes and you have to enter and exit during that short window. I have 5 years experience of trading by watching screen for currency strength momentum. It is very lucrative. Now because of age related back pain I hv been testing an EA for last 3 years.

It is important to collect Data in Files sub folder as as a CV format database and analyse the pattern. If you can develop a tool to visually display the data for analysis, I can share my experience.
Practice makes a person perfect
  • #131
  • Jul 5, 2019 8:26am Jul 5, 2019 8:26am
Quoting simnz
{quote} Currency strength works only when momentum is high. And pairs selected have mean reversion tenancy. Your timing for entry is critical. MOMENTUM LASTS only for a few minutes and you have to enter and exit during that short window. I have 5 years experience of trading by watching screen for currency strength momentum. It is very lucrative. Now because of age related back pain I hv been testing an EA for last 3 years. It is important to collect Data in Files sub folder as as a CV format database and analyse the pattern. If you can develop a...
In fact earlier this morning I have posted this :
https://www.forexfactory.com/showthread.php?t=930283
Practice makes a person perfect
  • #132
  • Jul 5, 2019 9:01am Jul 5, 2019 9:01am
Quoting simnz
{quote} Currency strength works only when momentum is high. And pairs selected have mean reversion tenancy. ...
Hi simnz,
Thank you for your comment. I like to know more about the concept you stated. Would you mind please refer me to some references?

Quoting simnz
{quote} If you can develop a tool to visually display the data for analysis, I can share my experience. ...
I like to learn and experience more about currency strength and I can code ideas and work with files.
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #133
  • Jul 5, 2019 9:17am Jul 5, 2019 9:17am
Quoting Rafei
{quote} Hi simnz, Thank you for your comment. I like to know more about the concept you stated. Would you mind please refer me to some references? {quote} I like to learn and experience more about currency strength and I can code ideas and work with files.
OK this is the final result of 2 years testing.
https://www.forexfactory.com/showthread.php?t=921297
Please share what you make out of this. It will give me an idea of your understanding of currency strength for me to take it further.
Since you can code ideas I will work with you.
Practice makes a person perfect
  • #134
  • Jul 5, 2019 10:38pm Jul 5, 2019 10:38pm
To Rafei

Thanks for sharing the base formula for currency strength.

Just a question, are there any additional useful indicators that can be added which is useful to calculate the CRS ? Maybe can get some input so I can help to build my own and share it with you guys
  • #135
  • Jul 5, 2019 11:11pm Jul 5, 2019 11:11pm
Quoting energyliger
To Rafei Thanks for sharing the base formula for currency strength. ...
Thank you for your feedback.

Quoting energyliger
... Just a question, are there any additional useful indicators that can be added which is useful to calculate the CRS ? Maybe can get some input so I can help to build my own and share it with you guys
According to your post, I think that your indicator is very similar to the CSI indicator (Currency Strength Index), which was created with the help and idea of Gauer.
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #136
  • Jul 5, 2019 11:35pm Jul 5, 2019 11:35pm
Quoting Gauer
{quote} ... Or there is no need to update them too? ...
Dear Gauer,
Hi.
I have added the new features to the CSI indicator and the new indicator is added to the first post.
Please download the new one. Thanks.
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #137
  • Jul 6, 2019 12:01am Jul 6, 2019 12:01am
I came across this and I felt it might be helpful for us to take a look at this weekend
https://www.forexfactory.com/showthread.php?t=189511
Note: this post is from my phone

The PDF is loaded while the indicators looks nice, though I am yet to test it in live market situations.
I once came across market volume and statistics, but I never thought I will get it here free
Thanks to all active ff members
  • #138
  • Jul 6, 2019 12:22am Jul 6, 2019 12:22am
Very significant operation of the CSI indicator we can see, the indicator truly indicates the strength of currencies against each other.
The examples below proof this claim:

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In all 5 previous days, the CSI indicator truly highlighted the short trend of the pair (GBPAUD).
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #139
  • Jul 6, 2019 12:37am Jul 6, 2019 12:37am
Quoting Gauer
... So how do you think it worked, on your opinion? Did you experiment a bit inputting different max and min values and different look back periods? Can you take a screenshot of the options? ...
Gauer,
Hi.
Would you please share your thoughts about CSI indicator performance and the choice of Min / Max values?

By the way, here is a view of the options of the indicator:

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Thanks.
HE WHO STRONGLY DESIRES TO RISE UP WILL THINK OF A WAY TO BUILD A LADDER.
  • #140
  • Jul 6, 2019 5:34am Jul 6, 2019 5:34am
Quoting Rafei
Very significant operation of the CSI indicator we can see, the indicator truly indicates the strength of currencies against each other. The examples below proof this claim: {image} {image} {image} {image} {image} In all 5 previous days, the CSI indicator truly highlighted the short trend of the pair (GBPAUD).
i am waiting my view updated
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