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Can someone fix this currency strength indicator? 37 replies

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Currency Strength Indicator

  • #721
  • Edited 9:25am Sep 10, 2024 9:06am | Edited 9:25am
Quoting PlSoft
{quote} BID RATIO calculated differently from previous editions. This calculation considers the opening and not just the daily high and low. {image} this was inspirational
This version is not available yet ?
In this new dashboard, i see that for each symbol there is two columns on that right hand panel how come its so?
The lower part is correlation right?
Please make the star on the right to show on user defined values of ADR, AWR and AMR e.g one may prefer it shows and notifies say via e-mail when ADR is 7, AWR 7 and AMR 7.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #722
  • Edited 10:53am Sep 10, 2024 10:25am | Edited 10:53am
Quoting skyf
{quote}Questa versione non è ancora disponibile? In questa nuova dashboard, vedo che per ogni simbolo ci sono due colonne sul pannello di destra, come mai? La parte inferiore è la correlazione, giusto? Si prega di far sì che la stella sulla destra mostri i valori definiti dall'utente di ADR, AWR e AMR, ad esempio si potrebbe preferire che mostri e notifichi, ad esempio, tramite e-mail quando ADR è 7, AWR 7 e AMR 7.
ok I will add the request aDr[7] aWr[7] aM[7] alert..

The two lines for each symbol show the strength/difference that is calculated between the two BIDRATIOs.
I don't think of displaying it in the future and keeping it as a calculation.

lacks aDr[3] aWr[3] aMr[3] or it doesn't matter...
if I add an alert every time the values are aligned aDr[*] aWr[*] aMr[*] *=0 to 10
  • #723
  • Edited Sep 11, 2024 7:23am Sep 10, 2024 12:32pm | Edited Sep 11, 2024 7:23am
Quoting PlSoft
{quote} ok I will add the request aDr[7] aWr[7] aM[7] alert..
The two lines for each symbol show the strength/difference that is calculated between the two BIDRATIOs.

. I don't think of displaying it in the future and keeping it as a calculation.

lacks aDr[3] aWr[3] aMr[3] or it doesn't matter... if I add an alert every time the values are aligned aDr aWr aMr *=0 to 10
The idea is for it to be custom. That is user inputs values for DWM and alert sounds when such values conditions are met. One can input D= 8 & 2, W=7 and 3 M = 9 and 1. Then alert will sound when such value are hit for each timeframe.

Ok. **Consider alert in/for the correlation when there is delta change of say 7 from any side to to an opposite direction.**

Is correlation calculation the numbers displayed in the 2nd columns after * ? I thought that is bidratio and the correlation is at the lowest part panel.

The sum alert is also a idea especially if done with greater {>} and less than{<} instead of only {=}
Without despair &amp; distraught, focus on Patience to FRESH MOTiVES.
  • #724
  • Edited 2:44am Sep 12, 2024 1:07am | Edited 2:44am
Finished graphical interface

I have added new information compared to the previous dashboards.
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  • #725
  • Sep 12, 2024 2:49am Sep 12, 2024 2:49am
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The BIDRATIO column, as in the previous ones, displays the strength of the symbol.
The new information is displayed by the change in color of the background. Grey/yellow colour when it is yellow the price is very close to the opening of the day.

On the three columns aDWMr I added new information: the background color has two grey/pink tones the pink color indicates that the BID has not exceeded the GOLD lines aDr[3] and aDr[7] the remaining two columns aWMr follow this rule..
  • #726
  • Sep 12, 2024 3:02am Sep 12, 2024 3:02am
an example
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yellow color BIDRATIO column price aligned with opening pink color = the price has not touched the gold lines.
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with anger, look what I lost.
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  • #727
  • Sep 12, 2024 3:04am Sep 12, 2024 3:04am
Quoting PlSoft
Finished graphical interface {image} {image}
The right side and the low side offer same information. Would it not be better to use the lower
part for display of something else? maybe breaking news from finiacialjuice.com or twiter or distance to support/resistance instead of having duplication of data?
Without despair &amp; distraught, focus on Patience to FRESH MOTiVES.
  • #728
  • Sep 12, 2024 3:06am Sep 12, 2024 3:06am
new example
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Let's now see what the correlation signals before deciding. First he didn't leave enough time.
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signal of a lateral is grey
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  • #729
  • Sep 12, 2024 3:16am Sep 12, 2024 3:16am
try it
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Attached File(s)
File Type: ex4 Report_new(0.2.0).ex4   83 KB | 166 downloads
  • #730
  • Sep 12, 2024 3:18am Sep 12, 2024 3:18am
Quoting PlSoft
new example{image} Let's now see what the correlation signals before deciding. First he didn't leave enough time. {image} signal of a lateral is grey {image} {image}
With AMR at 0 i dont think its good to look for sell sign.
Without despair &amp; distraught, focus on Patience to FRESH MOTiVES.
  • #731
  • Sep 12, 2024 3:23am Sep 12, 2024 3:23am
Quoting skyf
{quote} Con AMR a 0 non penso che sia una buona idea cercare un segnale di vendita.
I look for entry signals with BIDRATIO parallelo to the opening [yellow background] and with take profit on aDr[3] or aDr[7]
  • #732
  • Edited 3:39am Sep 12, 2024 3:26am | Edited 3:39am
Quoting skyf
{quote} Il lato destro e quello basso offrono le stesse informazioni. Non sarebbe meglio usare la parte inferiore per visualizzare qualcos'altro? Forse le ultime notizie da finiacialjuice.com o twiter o la distanza dal supporto/resistenza invece di avere dati duplicati?
the bottom information is clearer than the information on the right side.
  • #733
  • Sep 12, 2024 3:32am Sep 12, 2024 3:32am
added stoploss
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more strength is seen on EUR
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  • #734
  • Edited 5:02am Sep 12, 2024 3:39am | Edited 5:02am
Quoting PlSoft
{quote} le informazioni in basso sono più chiare rispetto alle informazioni sul lato destro.


if you look carefully the right side represents only the strength of the second voice JPY
I have now added the possibility of also seeing the first part of the symbol.. in the next version

see you next time
  • #735
  • Sep 12, 2024 5:19am Sep 12, 2024 5:19am
I have this discrepancy between weekly value in GBPJPY. its 10 in the DMW but the report 1 table has colored bars as low as if AWR is 0 or 1. Its in GBPCHF now too.
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Without despair &amp; distraught, focus on Patience to FRESH MOTiVES.
  • #736
  • Edited 5:57am Sep 12, 2024 5:36am | Edited 5:57am
Quoting skyf
I have this discrepancy between weekly value in GBPJPY. its 10 in the DMW but the report 1 table has colored bars as low as if AWR is 0 or 1. Its in GBPCHF now too. {image} {image}
AHA problem solved by having monthly and weekly charts of those pairs loaded. The dashboard is so helpful.


My favorite parts are:
Can you please make them alone.
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Without despair &amp; distraught, focus on Patience to FRESH MOTiVES.
  • #737
  • Sep 12, 2024 7:11am Sep 12, 2024 7:11am
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caught stop loss
  • #738
  • Sep 12, 2024 7:23am Sep 12, 2024 7:23am
Quoting skyf
Ho questa discrepanza tra il valore settimanale in GBPJPY. È 10 nel DMW ma la tabella del report 1 ha barre colorate basse come se AWR fosse 0 o 1. Ora è anche in GBPCHF. {image} {image}
Attached Image


This could be the cause, I found a missing tooth in the gear, and accordingly I revised the display scale..
  • #739
  • Sep 12, 2024 7:28am Sep 12, 2024 7:28am
Quoting skyf
{quote}Il problema AHA è stato risolto caricando grafici mensili e settimanali di quelle coppie. La dashboard è molto utile. Le mie parti preferite sono: puoi per favore crearli da soli. {image} {image}
Please explain to me how you use these parts profitably, and I'll add an alert to the new one too....
  • #740
  • Sep 12, 2024 7:31am Sep 12, 2024 7:31am
when the symbol changes color it is stressed by the spread.. Black text is low spread
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