Power of GBP with average indicator | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Simple Moving Average Vs. Moving Average? 8 replies

Moving Average Indicator that changes color? 25 replies

Zero-Lag Moving Average Indicator 23 replies

Moving average on indicator 5 replies

Attachments: Power of GBP with average indicator
Exit Attachments

Power of GBP with average indicator

  • #1
  • First Post: Jan 16, 2021 5:56am Jan 16, 2021 5:56am
there isnt much talk on forexfactory about this indicator and I wanted to khow more about it ..but I cannot read code. There is also one for usd,cad and the rest on the website.
so in the description this indicator is showing relative actual strength of currency XXX,great...and the most important part for me is "The indicator calculates its value of close prices of 7 pairs containing currency XXX" --this is the thing ,does it really do this ? i tried it in strategy tester and woks but how does it scan the other pairs ?
Anyone can read code pls help ,I have attached the mq4.

Anyone using this power of XXX indicators ?
Attached File(s)
File Type: mq4 Power of GBP with average.mq4   17 KB | 406 downloads
  • #2
  • Jan 16, 2021 7:45am Jan 16, 2021 7:45am
Quoting mge0rge
there isnt much talk on forexfactory about this indicator and I wanted to khow more about it ..but I cannot read code. There is also one for usd,cad and the rest on the website. so in the description this indicator is showing relative actual strength of currency XXX,great...and the most important part for me is "The indicator calculates its value of close prices of 7 pairs containing currency XXX" --this is the thing ,does it really do this ? i tried it in strategy tester and woks but how does it scan the other pairs ? Anyone can read code pls help...

Hey mge0rge,
You can open it up in the MetaEditor and scroll down to line 150. That is where it is doing the important part you are after.
You can see the "iClose" , which is calling the close of the pairs in the green writing and adding them together. This value (after being divided by 7) is then put into an array and the next part plots an exponential moving average (MODE_EMA) over it as in the variables setting which the default is 100.
Hope this helps ^_^
Attached Image (click to enlarge)
Click to Enlarge Name: 4a528c21475730cf4e6b6a3e3de64193.png Size: 25 KB



Kind Regards,
T
"Work hard, put in the effort, and follow your dreams..." -Me
  • #3
  • Jan 16, 2021 8:04am Jan 16, 2021 8:04am
thx a lot for the explanation..does the indicator (power of gbp for example) need the 7 gbp pairs open in mt4 or it doesnt matter ? I used some indicators that needed pairs open to get the info it needed
  • #4
  • Last Post: Jan 19, 2021 11:59am Jan 19, 2021 11:59am
there is something wrong with this indicator ...here are some screenshots...sometime it changes when I change time frames,sometime if I load a new chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: today.png Size: 307 KB
Click to Enlarge Name: before.jpg Size: 1.7 MB
0 traders viewing now