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Pair Strength Analyzer indicator

  • #421
  • Sep 24, 2021 2:59pm Sep 24, 2021 2:59pm
Quoting KayStreet
{quote} Enter these settings, then tweak them to your liking. {image}
work much better than before thanks.
  • #422
  • Edited 10:18pm Jun 1, 2022 10:06pm | Edited 10:18pm
Do you think you could make another indicator that would add up all the values of the red and the green and plot a single line and also have an option to add up all the pairs that are red vs green and plot that (which would have a max of 56 levels?) ?
  • #423
  • Jun 3, 2022 5:59pm Jun 3, 2022 5:59pm
Hi Traders,

Could anyone tell me how to move this indicator to left, right, top & bottom on a chart.

Thanks in advance.

Roy
  • #424
  • Jun 3, 2022 6:53pm Jun 3, 2022 6:53pm
Quoting RoyPK
Hi Traders, Could anyone tell me how to move this indicator to left, right, top & bottom on a chart. Thanks in advance. Roy
https://www.forexfactory.com/thread/...5#post13719665
It takes a lot for me to IGNORE you, but you can try.
  • #425
  • Jun 3, 2022 6:57pm Jun 3, 2022 6:57pm
Quoting RoyPK
Hi Traders, Could anyone tell me how to move this indicator to left, right, top & bottom on a chart. Thanks in advance. Roy
Instructions from the Manual at Post #1

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-06-04_9-55-41.jpg Size: 141 KB
It takes a lot for me to IGNORE you, but you can try.
  • #426
  • Jun 3, 2022 9:59pm Jun 3, 2022 9:59pm
Quoting Erebus
{quote} Instructions from the Manual at Post #1 {image}
Hi Erebus,

Thanks a lot for your guidance.

Have a nice weekend.

Roy
  • #427
  • Jun 14, 2022 8:47am Jun 14, 2022 8:47am
It is absolutely not clear how to use this indicator. If you use it, as the author writes, then the indicator shows a strong pair in the long, and the price goes short. And vice versa. The readings diverge from the real price movement.
  • #428
  • Jun 14, 2022 12:37pm Jun 14, 2022 12:37pm
This indicator works much better and shows more correctly. Your idea is good. but there is no implementation.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
  • #429
  • Jun 24, 2022 8:38pm Jun 24, 2022 8:38pm
Quoting Skyrider60
This indicator works much better and shows more correctly. Your idea is good. but there is no implementation.
work ok for me
each to their own
gl;hf
  • #430
  • Edited 10:15am Jul 25, 2022 10:01am | Edited 10:15am
Quoting hanover
{quote} work ok for me each to their own gl;hf
Sorry sir I would like to know if I could see the historical data for say 50 days or 100 days ago as soon as I used the PSA indicator for the first time I put it on the chart?
  • #431
  • Aug 1, 2022 1:13pm Aug 1, 2022 1:13pm
Quoting Mactormind
{quote} Hey good sir, may I ask what that indicator in the lower right corner is? The one that shows trend strength in percentage that also says UP or DOWN?? Thank you!
That's FerruFx_Multi_info THV. Although i made some changes in the setting.
Attached Image (click to enlarge)
Click to Enlarge Name: Forex MT4 Terminal 2.PNG Size: 36 KB
The best indicators are trader's knowledge and state of mind.
  • #432
  • Aug 1, 2022 1:42pm Aug 1, 2022 1:42pm
@elormkay, @wolf300, @pvcomp. I am very sorry it took this long before replying you. I still very much use the PSA indicator by @Hanover {https://www.forexfactory.com/thread/513671-pair-strength-analyzer-indicator}, and also one of the best free trading indicator for MT4 platform by @Ferrufx. I only added a few indi's for better results.

The PSA latest version i believe is on the first page of this thread. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Forex MT4 Terminal 22.png Size: 88 KB
Attached File(s)
File Type: mq4 FerruFx_Multi_info THV.mq4   87 KB | 681 downloads
The best indicators are trader's knowledge and state of mind.
  • #433
  • Aug 1, 2022 6:42pm Aug 1, 2022 6:42pm
Quoting fred01
@elormkay, @wolf300, @pvcomp. I am very sorry it took this long before replying you. I still very much use the PSA indicator by @Hanover {https://www.forexfactory.com/thread/513671-pair-strength-analyzer-indicator}, and also one of the best free trading indicator for MT4 platform by @Ferrufx. I only added a few indi's for better results. The PSA latest version i believe is on the first page of this thread. Thanks. {file} {image}
So this tool is still used!!! Ugly code I did about 15 years ago!
MT4/MT5 EAs/Indicators/Alerts coder
  • #434
  • Aug 1, 2022 10:22pm Aug 1, 2022 10:22pm
Quoting FerruFx
{quote} So this tool is still used!!! Ugly code I did about 15 years ago!
Still regarded as one of the best trading indicator for MT4 platform.

Hard to miss...

Got a better one?
The best indicators are trader's knowledge and state of mind.
  • #435
  • Aug 1, 2022 11:45pm Aug 1, 2022 11:45pm
Quoting fred01
{quote} Still regarded as one of the best trading indicator for MT4 platform. Hard to miss... Got a better one?
As long as it suits your trading ...

Thanks for your kind comments. Very much appreciated.
MT4/MT5 EAs/Indicators/Alerts coder
  • #436
  • Aug 9, 2022 5:51am Aug 9, 2022 5:51am
Quoting FerruFx
{quote} As long as it suits your trading ... Thanks for your kind comments. Very much appreciated.
Hello sir pls i sent you a pm in respect of the attached ea which was done back in 2018 its one of your masterpiece.I will be glad if i can hear from you.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Rgds
  • #437
  • Aug 11, 2022 8:51am Aug 11, 2022 8:51am
Quoting hanover
{quote}
Quote
If you're looking for confirmed trends, I would use the next significant (4-6 times) longer TF, e.g. H4 is four times longer than H1. If you're looking for advanced warning of a possible new move, I would use the next significant shorter TF, e.g. M15 is four times shorter than H1. I still use this amazing indicator to find the best pairs to trade daily. I always set the PeriodForRegr = 2 days and then look for opportunities using smaller TFs.
The rest is trial and error. One reason I like PSA as a strength indy is that you can combine TFs to get a consolidated result, e.g. set PeriodsForRegr = M15,H1,H4 And also a weighted average of regression lines: as one possible example, set LengthsForRegr = 5,5,10,20,30,50,100,200 (gives double weight to a 5 period regr line) Allowing multiple settings means that you can set the indy so that it's not unduly 'biased' toward one setting over another. Or conversely, you can bias/weight it any way that you want to. IMHO a lot of intraday moves are chop that is affected by S/D levels and heavyweight agendas, hence strength-based trend following works better on longer TFs. IMHO you got it right when you said "possible moves". There is no assurance that any move will run for 30+ pips. It depends on volatility, liquidity pools, clustering of (limit) orders, fundamental and other drivers. Or as TooSlow neatly explains why markets move the way that they do: {quote}
It works.
The best indicators are trader's knowledge and state of mind.
  • #438
  • Aug 11, 2022 9:31am Aug 11, 2022 9:31am
Quoting hanover
Latest updates to the PSA indicator:{file}1. The histogram facility has been updated to allow a user-defined font. Hence the CSM font (downloadable from this post) can be applied to give the result displayed in first screenshot below. If the font entry is omitted, the indicator uses the 'Wingdings' font as its default, like it did previously. (The effect in the screenshot is also created by setting the second entry to 73, which is the ASCII code for uppercase 'I')....
My warm and special thank you to the king of philanthropy. Please in your post there was XAUUSD and other metals displayed. How can this be done on my chart? Thanks to you.
Attached Image (click to enlarge)
Click to Enlarge Name: han.png Size: 37 KB
The best indicators are trader's knowledge and state of mind.
  • #439
  • Aug 12, 2022 1:09pm Aug 12, 2022 1:09pm
Hello all! Please what can i do to hide the highlighted area of this great tool from my chart. I want the pairs and the numbers only. Thanks. @Hanover @Ferrufx, #anybodycanhelp.
Attached Image (click to enlarge)
Click to Enlarge Name: han.png Size: 19 KB
The best indicators are trader's knowledge and state of mind.
  • #440
  • Aug 12, 2022 1:49pm Aug 12, 2022 1:49pm
Quoting fred01
Hello all! Please what can i do to hide the highlighted area of this great tool from my chart. I want the pairs and the numbers only. Thanks. @Hanover @Ferrufx, #anybodycanhelp. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-08-12_19h44_37.png Size: 41 KB
It never gets easier, you just get better
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