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Currency Strength Trading Ideas

  • #1
  • First Post: Edited Nov 28, 2020 7:58am Nov 12, 2020 2:10am | Edited Nov 28, 2020 7:58am
CLOSED
  • #2
  • Nov 12, 2020 2:23am Nov 12, 2020 2:23am
Are you the author of the indicator? Can you edit it?
Please excuse the bad English via Google Translate.
  • #3
  • Nov 12, 2020 2:25am Nov 12, 2020 2:25am
Quoting dokopy
Are you the author of the indicator? Can you edit it?
Hi. Yes, I can.
  • #4
  • Nov 12, 2020 2:39am Nov 12, 2020 2:39am
Quoting samsha786
{quote} Hi. Yes, I can.
I would like to use it to force the exit from the loss position when turning forces. It should have an audible and email alert.
Please excuse the bad English via Google Translate.
  • #5
  • Nov 12, 2020 2:56am Nov 12, 2020 2:56am
is it based on CCFP.ex4 ?
  • #6
  • Nov 12, 2020 3:40am Nov 12, 2020 3:40am
Quoting dokopy
{quote} I would like to use it to force the exit from the loss position when turning forces. It should have an audible and email alert.
This is a very generic indicator. I will not be including logic of this nature. An indicator is not meant to know your position. That logic should be coded in an EA that uses this indicator.
  • #7
  • Nov 12, 2020 4:12am Nov 12, 2020 4:12am
Quoting samsha786
{quote} This is a very generic indicator. I will not be including logic of this nature. An indicator is not meant to know your position. That logic should be coded in an EA that uses this indicator.
Too bad I need it for a manual system. I'm looking for another indicator.
Please excuse the bad English via Google Translate.
  • #8
  • Nov 12, 2020 3:59pm Nov 12, 2020 3:59pm
Hi It doesn't work on my PC.
Attached Image (click to enlarge)
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  • #9
  • Nov 12, 2020 4:56pm Nov 12, 2020 4:56pm
Quoting PlSoft
Hi It doesn't work on my PC. {image}
It works for me so far. But it can have an expiration date, for example.
Please excuse the bad English via Google Translate.
  • #10
  • Nov 12, 2020 9:27pm Nov 12, 2020 9:27pm
Quoting dokopy
{quote} It works for me so far. But it can have an expiration date, for example.

No point we test and suggest for this guy if there is expiry date.
This is one thing I hate coders.
Coders need to declare his indi status.
So we will not waste our valuable time for nothing.
Coders can't pay our time.
You do good, Good will come to you. Self deception never succeed.
  • #11
  • Nov 13, 2020 12:29am Nov 13, 2020 12:29am
Quoting PlSoft
Hi It doesn't work on my PC. {image}
You need to download history for all 28 pairs. Check your journal tab on MetaTrader.
  • #12
  • Nov 13, 2020 12:30am Nov 13, 2020 12:30am
Quoting dokopy
{quote} It works for me so far. But it can have an expiration date, for example.
There's no expiration date. The indicator is FREE. I am looking for ideas on how to use the indicator in a trading strategy.
  • #13
  • Nov 13, 2020 12:31am Nov 13, 2020 12:31am
Quoting KopraTasa
{quote} No point we test and suggest for this guy if there is expiry date. This is one thing I hate coders. Coders need to declare his indi status. So we will not waste our valuable time for nothing. Coders can't pay our time.
The indicator is free. I am not here to sell it. I would like ideas on how to build a strategy around this.
  • #14
  • Nov 13, 2020 12:46am Nov 13, 2020 12:46am
Quoting samsha786
{quote} There's no expiration date. The indicator is FREE. I am looking for ideas on how to use the indicator in a trading strategy.
When I come up with an idea, you write that you don't want it. I have already found a better strength indicator.
Please excuse the bad English via Google Translate.
  • #15
  • Nov 13, 2020 1:58am Nov 13, 2020 1:58am
Quoting fx-marilyn
is it based on CCFP.ex4 ?
Not familiar with how that indicator works.
  • #16
  • Nov 13, 2020 2:35am Nov 13, 2020 2:35am
Quoting samsha786
{quote} You need to download history for all 28 pairs. Check your journal tab on MetaTrader.

pls how can I do that cus is not working for me too..
  • #17
  • Nov 13, 2020 6:49am Nov 13, 2020 6:49am
Quoting dokopy
{quote} When I come up with an idea, you write that you don't want it. I have already found a better strength indicator.
Which is, if you don't mind? And how did you assess it's better?
  • #18
  • Nov 13, 2020 6:53am Nov 13, 2020 6:53am
Quoting youngjosh
{quote} pls how can I do that cus is not working for me too..
Look at this post and check the bit about History download.
  • #19
  • Edited 6:33am Nov 17, 2020 5:58am | Edited 6:33am
Quoting samsha786
The Currency Strength Multimeter indicator shows the strength, direction and rank of each of the following currencies: AUD CAD CHF EUR GBP JPY NZD USD Furthermore, it also shows the strength, direction and rank of each of the following currency pairs: AUDCAD AUDCHF AUDJPY AUDNZD AUDUSD CADCHF CADJPY CHFJPY EURAUD EURCAD EURCHF EURGBP EURJPY EURNZD EURUSD GBPAUD GBPCAD GBPCHF GBPJPY GBPNZD GBPUSD NZDCAD NZDCHF NZDJPY NZDUSD USDCAD USDCHF USDJPY The indicator works on any chart and in any time frame. The strength, direction and rank data of each currency...
Dear Samsha,

Very nice Indicator. You have put a lot of efforts and hard work for it.
I always say Features make the Indicator Powerful. This indicator is very nice
but if you can add something more to it will become Good-Better then Best.

Please add an option so that we can see different Time Frames on 1 screen - something like unique id
Try to build a correlation of the currencies something like when eurusd is down then usdchf is up for all the pairs
maninly something like Bull Pairs that would be all EUR,GBP,AUD,NZD CURRENCY and BEAR pAIRS like USD,JPY,CAD

Make a correlation and Basket of currencies then it would be really great

Please go through this thread for more understanding

https://www.forexfactory.com/thread/...9#post12621049

Best wishes for your indicator

Thanks & Regards
  • #20
  • Last Post: Nov 19, 2020 10:38pm Nov 19, 2020 10:38pm
From my point of view I would like:

An option to not show the data window.
An option to have the bar graph down the right hand side of the chart, do not disable the "chart shift".
An option to choose which currencies, ie no CHF. Then an option to choose which pairs form the selected currencies, ie no AudCad.
On my chart the bar graph overlaps the currency pairs names. I guess this would vary with the screen size (mines 14 inch), there is no setting for me to adjust this.
Good Trading
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