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Best Currency Strength Meter and why? 439 replies

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Attachments: csDash (currency strength meter)
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csDash (currency strength meter)

Quoting honestknave
Version: 1.31 Expiry: N/A (or technically somewhere around 68 years from now...) Wishing success to all! {file}
hello honestknave. im wondering if you would take a look at a worthy addition to CSDash. at least in my humble opinion......ive used this a while ago when we had to come back to the thread for renewal. i am grateful that you have eliminated that. so ive been using it in conjunction with a few other indicators and have found that using it with simple stochastics and RSI + Bollinger bands as part of my "Open Chart" template gives a very good starting point as to whether i take a trade or not. so when i click on a green highlighted pair in CSDash and the stochastic is in the oversold extreme and the RSI is in the oversold extreme with the lower bollinger band in the oversold extreme but above the RSI. then, with a couple other confirming indicators, i take the trade once the RSI has crossed up through the 1st bollinger band above it. i have been doing very well with this approach, scalping 5 to 20 pips per trade. but using between 0.5 and 1.0 lots. its proving to be quite lucrative. my humble suggestion is. could the extreme criteria of the stochastic and RSI + bollinger band be added to CSDash, with a toggle, to use all the normal criteria for the strength but when the toggle is on, allowing the stochastic and RSI information in to only show highlighted pairs which fulfill this criteria aswell as the strength criteria. it would mean that when i do click a highlighted pair in CSDash. i would be getting a chart which is ready to trade barring a quick look at my other confirming indicators.......i hope im not being cheeky but it works a treat.....i hope you would consider it. Cheers from Manchester
If at first you don't succeed, try, try again.
It's been awhile since i posted here. I'm also an avid supporter of MADDash as you can see here.

But, i maybe prefer CSDash more than MADDash for some complicated reasons.

Yeah, let see how this trade below grows...

Attached Image (click to enlarge)
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As i go through your suggestion, may i conclude this:

Define trend with CSDash. And search for the retracement that complies with the trend with RSI/BB?

Quoting Alesiosc
{quote} hello honestknave. im wondering if you would take a look at a worthy addition to CSDash. at least in my humble opinion......ive used this a while ago when we had to come back to the thread for renewal. i am grateful that you have eliminated that. so ive been using it in conjunction with a few other indicators and have found that using it with simple stochastics and RSI + Bollinger bands as part of my "Open Chart" template gives a very good starting point as to whether i take a trade or not. so when i click on a green highlighted pair in...
https://www.mql5.com/en/market/produ....google.com%2F
Attached Image (click to enlarge)
Click to Enlarge Name: aq-currencyexplorer-screen-5214.png Size: 102 KB
can someone explain how the AQ screener works? I have had this for a while, but still misread it. It seems to change direction once i get into a trade. Does anyone have the AQ that provides the trade ideas? Thanks
Quoting Alesiosc
{quote} hello honestknave. im wondering if you would take a look at a worthy addition to CSDash. at least in my humble opinion......ive used this a while ago when we had to come back to the thread for renewal. i am grateful that you have eliminated that. so ive been using it in conjunction with a few other indicators and have found that using it with simple stochastics and RSI + Bollinger bands as part of my "Open Chart" template gives a very good starting point as to whether i take a trade or not. so when i click on a green highlighted pair in...
Hi,
Ben here. I appreciate all the work that has been done by Honestknave.
Thank you very much.

Thanks for your question Alesiosc. I'm thinking along the same lines.
I would indeed be terrific if csDash could be combined with what you described above.

Best Regards,
Ben
Is it only me or has csDash all over a sudden become invisible in my MT4? I can't seem to see it although MT4 says it has loaded it successfully. I've removed it and re-downloaded it but it is still not visible.
Is there an expiration attached to the indicator? I have not looked at mine.
Quoting jude3
Is there an expiration attached to the indicator? I have not looked at mine.
I took the last one which says there is no expiration date.
Quoting honestknave
Please note: I'm not looking at doing too much development on this version because my main focus is on an MTF version (not ready yet): {image}
Can I find somewhere such MTF version please?
Quoting Shabs19
Here is a useful indicator that gives bid ratio for all timeframes : {file} {image}
How do you use this indicator? I am trying to attach it to the chart but nothing happens.
Quoting rome777
{quote} How do you use this indicator? I am trying to attach it to the chart but nothing happens.
Did you select True for Bid Ratio On ?
In the Inputs Tab.

Bid Ratio explained here
The Only Limit, is the One that you Set Yourself - Felix Baumgartner
Quoting tharnge
{quote} how to setting ccDash.ex4??????????{file}
any update for 2022. please.
This is a fantastic currency strength meter! Thank you!
You don't know because you don't ask.
please is there a GOLD version of the cdash currency strengt meter. for trading Gold
Quoting honestknave
This update doesn't "fix" anything. It just allows you to select which of the 28 pairs you want displayed: {image} Some things to note: A pair must be set to show in order to receive alerts for that pair. All 28 pairs are still required for the calculations (so the numbers should be exactly the same whether you view 1 or 28 pairs) You may see this screen and wonder why the calculations haven't been performed. The reason is that csDash is still waiting for other pairs to update that aren't showing in the list. {image} Please report back any bugs...
Nicely put together mate. Is it possible to add XAUUSD? Thanks a bunch.
The best indicators are trader's knowledge and state of mind.
Quoting fred01
{quote} Nicely put together mate. Is it possible to add XAUUSD? Thanks a bunch.
Read this twice and get back to us, thanks

https://www.forexfactory.com/thread/...86#post8335286
If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Quoting francisakz
please is there a GOLD version of the cdash currency strengt meter. for trading Gold
Read this twice and get back to us, thanks

https://www.forexfactory.com/thread/...86#post8335286
If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Quoting honestknave
{quote} You're welcome pax. I apologise because the naming is ambiguous... by sorted I mean "sort by strength". Unsorted means alphabetically. For the pairs, sorting is by the differential (i.e. buy-sell=differential). If the base currency is very strong while the quote currency is very weak, you will see a large differential. The same is true for the reverse.

Hello guys,
Just one question. So with all that has been discussed about this tool in this thread, how does one use it to enter a trade? If anyone has already mentioned this before and with the answer provided, please just point me to it. Thanks to the developer for such an awesome tool.
honestknave


i know its been a long time since you have been on this project,,,,im hoping this reaches you and your well

is there any option that this great indicator could have indicies added into it or maybe an option to display what ever you have in your symbols list?

please DM if need be

many thanks in advance
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