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Currency Strength Simple

  • #241
  • Sep 30, 2019 9:18pm Sep 30, 2019 9:18pm
which strategy do you all trade and use? i trade breakout
Attached Image (click to enlarge)
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  • #242
  • Oct 1, 2019 8:31am Oct 1, 2019 8:31am
Quoting Nurwin
{quote} Good night Shade58, could you give us your pdf tutorial how to install your indicator. because I was try and fail. Thank you {image}
hello Nurwin & wellcome
I have not provided installation and usage instructions, but it's easy to install

There is an important indicator called currencybody , you can download it from : https://www.forexfactory.com/attachm...1&d=1569162215
and copy to your indicator folder \MQL4\Indicators

There is an expert called currencystrength , you can download it from : https://www.forexfactory.com/attachm...1&d=1568100482
and copy to your expert folder \MQL4\Experts

please read this post about currencybody :
https://www.forexfactory.com/showthr...4#post12493064
https://www.forexfactory.com/showthr...2#post12500912

please read this post about currencystrength:
https://www.forexfactory.com/showthr...2#post11188062
https://www.forexfactory.com/showthr...7#post11383317
https://www.forexfactory.com/showthr...3#post11289013
https://www.forexfactory.com/showthr...3#post12161483
https://www.forexfactory.com/showthr...4#post12242584


Note :
CurrencyBody is easy and better than CurrencyStrength, but it is sensitive to numbers
For example in 15 TF , GBP is sensitive to a 100 or more
Example:
Suppose the market trend is down , and the number of GBP in the previous TF was 200 and And in this candle is 100
Now is a good opportunity to sell all GBPs
be healthy and wealthy... Ceeport
  • #243
  • Edited 4:49pm Oct 1, 2019 8:37am | Edited 4:49pm
Quoting romeofx
which strategy do you all trade and use? i trade breakout {image}
hello romefx
I use priceAction strategy,
I will be glad if you explain about your method and How do you detect the breakout ?
be healthy and wealthy... Ceeport
  • #244
  • Oct 1, 2019 9:39pm Oct 1, 2019 9:39pm
Quoting shahed58
{quote} hello romefx I use priceAction strategy, I will be glad if you explain about your method and How do you detect the breakout ?
1) I use your strength data to find and filter any trending pair. Strong vs weak. Mostly to avoid fake breakout or ranging pair.
2) if i found that trending pair on its way break yesterday high or low. Then i jump into riding the momentum.
3) i enter at point yesterday hi/low . Price may go futher at least 5-10pips.
4)or i wait for 1 hr candle to closed for confirmation.
5) Conclusion : i use strength to find top trending only that wanna break yesterday hi/low.
6) results : still on test and as usual ups and downs in forex lol
  • #245
  • Oct 2, 2019 1:28pm Oct 2, 2019 1:28pm
Quoting romeofx
{quote} 1) I use your strength data to find and filter any trending pair. Strong vs weak. Mostly to avoid fake breakout or ranging pair. 2) if i found that trending pair on its way break yesterday high or low. Then i jump into riding the momentum. 3) i enter at point yesterday hi/low . Price may go futher at least 5-10pips. 4)or i wait for 1 hr candle to closed for confirmation. 5) Conclusion : i use strength to find top trending only that wanna break yesterday hi/low. 6) results : still on test and as usual ups and downs in forex lol
Sounds like a good idea , if you have good results, let me know
By example and image
be healthy and wealthy... Ceeport
  • #246
  • Oct 8, 2019 11:29pm Oct 8, 2019 11:29pm
Hi Shahed58,
Thank you very much for sharing a very good indicator (Dash-Shahed58-Ver4). I would really appreciate if you could put a trigger alarm when the signal (BUY/SELL) at SINGOUT appear. Thank you again.
  • #247
  • Oct 9, 2019 3:52pm Oct 9, 2019 3:52pm
Quoting msag
Hi Shahed58, Thank you very much for sharing a very good indicator (Dash-Shahed58-Ver4). I would really appreciate if you could put a trigger alarm when the signal (BUY/SELL) at SINGOUT appear. Thank you again.
HI msaq
Unfortunately, this indicator has been archived And I'm working on the new version of cs
be healthy and wealthy... Ceeport
  • #248
  • Nov 8, 2019 3:04pm Nov 8, 2019 3:04pm
I wish you all the very best

The new version of CS was placed on Post#1 ( Last Update 11/08/2019 is cs_shahed58_ver10 )
at any Time Frame and simply can be checked with the help of it, the strength of the currencies in the past market...

Note :
top bar in indicator = CS of base currency
Bottom bar in indicator = CS of quote currency
Attached Image (click to enlarge)
Click to Enlarge Name: csver10-2.png Size: 50 KB
be healthy and wealthy... Ceeport
  • #249
  • Nov 8, 2019 11:06pm Nov 8, 2019 11:06pm
Quoting shahed58
I wish you all the very best The new version of CS was placed on Post#1 ( Last Update 11/08/2019 is cs_shahed58_ver10 ) at any Time Frame and simply can be checked with the help of it, the strength of the currencies in the past market... Note : top bar in indicator = CS of base currency Bottom bar in indicator = CS of quote currency {image}
i am study it,,,,,,,why last update
thank your hard work
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  • #250
  • Nov 26, 2019 1:57am Nov 26, 2019 1:57am
Hi shahed58
Thank you for your kindness. I read all the posts in this thread, your tools are very simple and helpfull. Now I have 3 questions left, asking for your help.

1. In this post, CurrencyBody-Shahed58.ex4, it's sum of the body. What is a body for each pair? pip difference of bid-open(D1)?
Quoting shahed58
Hello everyone and I wish you all the very best A new tool that helps identify return and start points : currencybody The sum of the body of one currency candles , For example sum body of all USD on "EURUSD,GBPUSD,CHFUSD,USDJPY,USDCAD,AUDUSD,NZDUSD" Note : any currency is sensitive to a specific number. Application : for example , when GBPUSD arrives at Area Overbought or Oversold and we're waiting for the price to fall or rise This is very helpful in turning points in this area With a little practice and a look at Bars and the numbers changes....
2. To calculate the currency strength, you simply sum (bid-low)/(high-low) of all 7 relative pairs, without do average? As the value is always in [0, 100%], I think you have divided the sum by 7.

3. In Dash-Shahed58-Ver4, there is a tag: RM/RS. I know M/S=CS of Master/CS of slave, where master is eur for eurusd and slave is usd. But what is "real" master mean?
  • #251
  • Nov 27, 2019 7:57am Nov 27, 2019 7:57am
Quoting Segama
Hi shahed58 Thank you for your kindness. I read all the posts in this thread, your tools are very simple and helpfull. Now I have 3 questions left, asking for your help. 1. In this post, CurrencyBody-Shahed58.ex4, it's sum of the body. What is a body for each pair? pip difference of bid-open(D1)? {quote} 2. To calculate the currency strength, you simply sum (bid-low)/(high-low) of all 7 relative pairs, without do average? As the value is always in [0, 100%], I think you have divided the sum by 7....
hi segama
1) body = MathAbs( iClose(sym,PERIOD_CURRENT,Ix)-iLowX(sym,,PERIOD_D1,Ix) )/point ;

2) range = iHighX( sym, TF, Ix ) - iLowX( sym, TF, Ix );
ratio = ( 100.0 * MathAbs( iClose(sym,PERIOD_CURRENT,Ix)-iLowX(sym,TF,Ix) ) / range );

3) RM & RS = Currency is strong in daily and weekly TF
M & S = Currency is strong in daily
Sorry for the late reply , We have the problem of disconnecting the Internet here...
be healthy and wealthy... Ceeport
  • #252
  • Edited Jan 20, 2020 9:23am Jan 19, 2020 3:57pm | Edited Jan 20, 2020 9:23am
Dear Shahed58

Thank you for posting your system!

Iīve got a problem with the currency body indicator. I attached it to my mt4 but itīs not working ., please see pic attached.. What do think it is happening?

Thank you very much for your help!
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  • #253
  • Jan 22, 2020 6:36am Jan 22, 2020 6:36am
Quoting rubbo
Dear Shahed58 Thank you for posting your system! Iīve got a problem with the currency body indicator. I attached it to my mt4 but itīs not working ., please see pic attached.. What do think it is happening? Thank you very much for your help! {image}
hi rubbo
I tested for you today But I didn't notice any problems.
Use this first : https://www.forexfactory.com/showthr...7#post11015587
and replace this version
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 42 KB
Attached File(s)
File Type: ex4 CurrencyBody-Shahed58.ex4   29 KB | 732 downloads
be healthy and wealthy... Ceeport
  • #254
  • Jan 26, 2020 6:47am Jan 26, 2020 6:47am
Quoting shahed58
{quote} hi rubbo I tested for you today But I didn't notice any problems. Use this first : https://www.forexfactory.com/showthr...7#post11015587 and replace this version {file} {image}
Hi shahed58

Thank you very much for your help! Itīs working now perfectly!itīs great!

I also started using your expert V9 CS. aND I saw we can click the yellow TF squares. I also set as true more TF .. and I set the alarms on for all th currencies..
What is the use of those yellow squares?
How is the alarm working? is it for every TF or when all the TF showed are green or red?

Thank you so much for your help and also for these tools!
Ver best regards!
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  • #255
  • Edited 1:38am Jan 30, 2020 12:52am | Edited 1:38am
Quoting rubbo
{quote} Hi shahed58 Thank you very much for your help! Itīs working now perfectly!itīs great! I also started using your expert V9 CS. aND I saw we can click the yellow TF squares. I also set as true more TF .. and I set the alarms on for all th currencies.. What is the use of those yellow squares? How is the alarm working? is it for every TF or when all the TF showed are green or red? Thank you so much for your help and also for these tools! Ver best regards! {image}
hi rubbo
The yellow square is for display only

And about the AlignAlarmState,
for example :
( if AlignAlarmState=true ) & ( If all vertical squares turn green Or if all vertical squares turn red ) -----> Expert gives you alarms
be healthy and wealthy... Ceeport
  • #256
  • Feb 12, 2020 8:34am Feb 12, 2020 8:34am
Quoting shahed58
I wish you all the very best The new version of CS was placed on Post#1 ( Last Update 11/08/2019 is cs_shahed58_ver10 ) at any Time Frame and simply can be checked with the help of it, the strength of the currencies in the past market... Note : top bar in indicator = CS of base currency Bottom bar in indicator = CS of quote currency {image}
Hi
and thanks for your great ideas. I would like to make a proposat for your cs shahead58: if you calculate the difference of the 2 values you can get a line which is hovering araund Zero and gives a clearer Picture . This new value could also be calculated with a MA of 3 or 5 get an early hint for the Change of trend on longer TF.
I add another indicator which helps me good.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1 cronex 24.png Size: 86 KB
Attached File(s)
File Type: ex4 Cronex_T_DeMarker_GFC.ex4   14 KB | 765 downloads
  • #257
  • Feb 12, 2020 9:45am Feb 12, 2020 9:45am
Quoting wolfsch
{quote} Hi and thanks for your great ideas. I would like to make a proposat for your cs shahead58: if you calculate the difference of the 2 values you can get a line which is hovering araund Zero and gives a clearer Picture . This new value could also be calculated with a MA of 3 or 5 get an early hint for the Change of trend on longer TF. I add another indicator which helps me good. {file} {image}
Hi wolfsch
Glad to see that this indicator has been useful to you.
Please explain further your idea to investigate past market behavior, Because with CS_Shahed58_ver10 we can see past Currency power behavior
be healthy and wealthy... Ceeport
  • #258
  • Feb 12, 2020 9:55am Feb 12, 2020 9:55am
Hi guys! i'm looking for a simple Strength meter that calculates 0 - 100 values for each major pair! if anyone can do that job for me let me know !
PM Me the cost ! I'm looking for same like this one:

Its urgent !
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Rocks on Bull *
Bull on rocks V3 All Time Return: na
  • #259
  • Feb 12, 2020 10:55am Feb 12, 2020 10:55am
Quoting shahed58
{quote} Hi wolfsch Glad to see that this indicator has been useful to you. Please explain further your idea to investigate past market behavior, Because with CS_Shahed58_ver10 we can see past Currency power behavior
with pleasure!
I use the 1H TF and a 24 set for the Cronex. The Signal for buy is when the blue cronexline is coming from below to cross Zero. Exit is when the blue lien crosses under Zero. Now the trick is to Combine this with info About the weakest and strongest currencies as you can see on the screenshot which I add.
Now my Intention is to find some good coder to bring the 2 indicators together for an EA. Maybe you have an idea?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1 Demarker signal.png Size: 101 KB
  • #260
  • Mar 2, 2020 3:18pm Mar 2, 2020 3:18pm
Quoting wolfsch
{quote} with pleasure! I use the 1H TF and a 24 set for the Cronex. The Signal for buy is when the blue cronexline is coming from below to cross Zero. Exit is when the blue lien crosses under Zero. Now the trick is to Combine this with info About the weakest and strongest currencies as you can see on the screenshot which I add. Now my Intention is to find some good coder to bring the 2 indicators together for an EA. Maybe you have an idea? Thanks {image}


Nice not bad
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