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Can someone fix this currency strength indicator? 37 replies

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Currency Strength Indicator

  • #701
  • Sep 9, 2024 2:00pm Sep 9, 2024 2:00pm
Quoting ctnie2143
Dear PISoft, You have an interesting PISpft Board. It started from Page 30 -35 and look around how I can completely understand the concept and how to trade using this board. Where should I started to read in order to understand the board. Thank you for the great board. Citi {quote}
HI Thanks for the comment and I welcome you to this post.
  • #702
  • Sep 9, 2024 2:21pm Sep 9, 2024 2:21pm
https://www.forexfactory.com/thread/...0#post14981240
I apologize for my English written with Google. To begin to understand you must start from the attached link.

this link should explain what I continually read on charts and try to turn into a routine.
  • #703
  • Sep 9, 2024 2:48pm Sep 9, 2024 2:48pm
look at this example on today's NZDUSD chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 211_report.GIF Size: 183 KB

what I'm looking for is an entry signal at the break of the gold aDr[7] line with closure on the gold aDr[3] line. if you load the DWMRange(3) indicator you will realize that the movement between the two gold lines is a constant.
Attachment F
  • #704
  • Sep 9, 2024 3:03pm Sep 9, 2024 3:03pm
what is needed in my opinion is to know in which adr area the price is located. Everything is fine

Attached Image (click to enlarge)
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the price is positioned in the aDr area[1] look at the movement of the day.
Attached Image (click to enlarge)
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  • #705
  • Sep 9, 2024 3:13pm Sep 9, 2024 3:13pm
If we check aWr[] the price is positioned in area 6 we call it aWr[6] to simplify.
I have marked the purple line aWr[7] on the graph which for us can be a point of arrival or rejection.
We now know the price position of the two main time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: 215_report.GIF Size: 75 KB
  • #706
  • Sep 9, 2024 3:28pm Sep 9, 2024 3:28pm
Three different graphs three equal constants.
I consider the purple lines aWr[3] and aWr[7] as the daily lines aDr[3&7] of equal importance.
When the price is within both of the two areas it is a good signal to enter.

Attached Image (click to enlarge)
Click to Enlarge Name: 216_report.GIF Size: 16 KB


Before deciding it is necessary to understand the strength of the two symbols and this mask is made for this.
  • #707
  • Edited 3:48pm Sep 9, 2024 3:34pm | Edited 3:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: 217_report.GIF Size: 105 KB

it is clear which of the two symbols is strong. Right

see you next time
  • #708
  • Sep 10, 2024 7:12am Sep 10, 2024 7:12am
Hello PISoft,
This CM strength PISoft has high potential and further developed.

A) Main Board:
Would it be possible to auto-sort the pair based on the following criteria:

Column 1) "Diff" - pairs with positive values ranked on top while negative values ranked at the bottom.
Column 2) then similarly "Bidratio"
Column 3) then ROC and
Column 4) Fibo %

Probably, we don't need the "Time Recorder"

And possibly add button to switch between "Auto-sort" and "Alphabetical Pairs" position

B) CSM:
Second improvement required is to have CSM, "currency strength" in 3 TF selection (examples H4, H1 & M15). This can be selected with different combinations and also auto-sorted. To ensure we have clear view - highlight the currencies where the attached to. Example if it attached to GBP/USD then GBP (Base currency) shown in GREEN box while USD (Quote Currency) in RED box.

Further more, add a rectangula boxes at the bottom of CSM to indicate if CSM, H4, H2 & M15 aligned or not aligned status. Example if GU H4 is uptrend, H1 uptrend & M15 uptrend the status shown as All Aligned (green rectangular boxes). Likewise if H4, H1 & M15 All aligned downtrend (red rectangular boxes)

I hope this make sense for you to implement.

Thank you in advance.

Citi

Quoting PlSoft
{file} {quote} Hi I corrected the error. Try now.{image}
  • #709
  • Edited 7:55am Sep 10, 2024 7:41am | Edited 7:55am
Sorry for the copy paste

I attach an operation done today and published on another forum.
This operation explains what I'm looking for..

Correct me if I misunderstand: the income is outside the currency meter. You use Currency only to identify the currency pair to trade and you do this by reversing the classic +strong and +weak theorem, but use the most balanced pair.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
  • #710
  • Sep 10, 2024 7:44am Sep 10, 2024 7:44am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 95 KB

Look at EURJPY the price is close to the opening (30.6 the same value as what you normally use) look at the price compared to Dr[7] and aDr[3] gold lines, you can see that it is positioned in a central area, slightly below to aDr[5]. Only at this point can you follow the strength of the two symbols that form the pair to understand and perhaps guess where the piece can move, with take profit aDr[7] or aDr[3]....
  • #711
  • Sep 10, 2024 7:45am Sep 10, 2024 7:45am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB

Let's now see if the force resists on this side
  • #712
  • Sep 10, 2024 7:47am Sep 10, 2024 7:47am
Attached Image (click to enlarge)
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the pushes both go in the same direction
  • #713
  • Sep 10, 2024 7:47am Sep 10, 2024 7:47am
Attached Image (click to enlarge)
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Should this hole (#) be closed? It's not a guarantee but it happens often.
  • #714
  • Sep 10, 2024 7:48am Sep 10, 2024 7:48am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 48 KB

Maybe it's just luck, but I assure you that this is what I see every day and what I've been trying to automate for years
  • #715
  • Sep 10, 2024 7:58am Sep 10, 2024 7:58am
Quoting ctnie2143
Ciao PISoft, Questa forza CM PISoft ha un potenziale elevato e ulteriormente sviluppata. A) Scheda principale: sarebbe possibile ordinare automaticamente la coppia in base ai seguenti criteri: Colonna 1) "Diff" - coppie con valori positivi classificate in alto mentre i valori negativi classificati in basso. Colonna 2) quindi in modo simile "Bidratio" Colonna 3) quindi ROC e Colonna 4) Fibo % Probabilmente, non abbiamo bisogno del "Time Recorder" E possibilmente aggiungere un pulsante per passare dalla posizione "Ordinamento automatico" a quella...
You ask me something huge to add.
I don't have time to add all this.
I am sorry..
  • #716
  • Sep 10, 2024 8:03am Sep 10, 2024 8:03am
Quoting PlSoft
{image} Look at EURJPY the price is close to the opening (30.6 the same value as what you normally use) look at the price compared to Dr[7] and aDr[3] gold lines, you can see that it is positioned in a central area, slightly below to aDr[5]. Only at this point can you follow the strength of the two symbols that form the pair to understand and perhaps guess where the piece can move, with take profit aDr[7] or aDr[3]....
What is the signal now on the right hand corner?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #717
  • Sep 10, 2024 8:16am Sep 10, 2024 8:16am
this needs to be monitored
Attached Image (click to enlarge)
Click to Enlarge Name: 225_report.GIF Size: 142 KB


the daily high and low has not yet touched aDr[7] aDr[8] gold lines.
Let's see what the correlation strength says..
  • #718
  • Sep 10, 2024 8:25am Sep 10, 2024 8:25am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB

GBP aligned streng
mixed AUD
  • #719
  • Sep 10, 2024 8:32am Sep 10, 2024 8:32am
Quoting skyf
{quote} Qual è il segnale ora nell'angolo destro?
BID RATIO calculated differently from previous editions. This calculation considers the opening and not just the daily high and low.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB


this was inspirational
  • #720
  • Sep 10, 2024 8:46am Sep 10, 2024 8:46am
Quoting PlSoft
{quote} You ask me something huge to add. I don't have time to add all this. I am sorry..
There is no need to say sorry. It's just something that you not obliged to do.
Nevertheless, thank for replying.

Hope other coder can look into and get one done.

Thanks again

Citi
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