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Can someone fix this currency strength indicator? 37 replies

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Currency Strength Indicator

  • #761
  • Sep 13, 2024 4:22am Sep 13, 2024 4:22am
Quoting PlSoft
Insert these two indicators on the graph. {image} {file} {file}
PI Soft,

Could you also add x-y axis for "Report (0.1.1) PISoft Board ? The top actually overlapped with MT4 buy and sell button.

Secondly, I still need this for the currency strength meter. Which is not available in CMA version.

Thank you.

Citi
Attached Image (click to enlarge)
Click to Enlarge Name: PISoft Board XY issue.JPG Size: 71 KB
  • #762
  • Sep 13, 2024 5:54am Sep 13, 2024 5:54am
Quoting ctnie2143
{quote} PI Soft, Could you also add x-y axis for "Report (0.1.1) PISoft Board ? The top actually overlapped with MT4 buy and sell button. Secondly, I still need this for the currency strength meter. Which is not available in CMA version. Thank you. Citi {image}
Better for the strength meter and buttons board on the right to be added to the CMA version that way no more need for the Report (0.1.1) PI soft Board.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #763
  • Sep 13, 2024 7:39am Sep 13, 2024 7:39am
Dear PISoft,

I have installed fresh MT4 and installed your latest "Report new (0.2.1)" indicator, however it seem to miss something as it's not working.

Is there anything that required to get the data loaded ?

Thanks for your quick response

Citi
Attached Image (click to enlarge)
Click to Enlarge Name: CMA No data.JPG Size: 43 KB
  • #764
  • Sep 13, 2024 10:46am Sep 13, 2024 10:46am
Quoting ctnie2143
Caro PISoft, ho installato una nuova versione di MT4 e il tuo ultimo indicatore "Report new (0.2.1)", ma sembra che manchi qualcosa perché non funziona. C'è qualcosa che serve per caricare i dati? Grazie per la tua rapida risposta Citi{image}
usually it is an error given by this:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB


you have to load the complete series of symbols with the item show all. trial
  • #765
  • Edited Sep 14, 2024 4:53am Sep 13, 2024 2:05pm | Edited Sep 14, 2024 4:53am
Please make ability to arrange pairs manually that way one can move pairs that he doesn't trade to lower portions.
This is essentially important as my screen doesn't display all the symbols.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_8.png Size: 5 KB
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #766
  • Sep 14, 2024 2:19am Sep 14, 2024 2:19am
Moving the correlation display to the middle part in Report 0.0.1 or taking strength meter and aDWM with correlation to side of the latest release can be helpful.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 32 KB
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #767
  • Sep 14, 2024 2:23am Sep 14, 2024 2:23am
Quoting PlSoft
{quote} HI If you attach me an example with the image you would do me a great pleasure
No more sell in this pair as both AWR and AMR are extreme down.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_7.png Size: 4 KB
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #768
  • Sep 14, 2024 9:46am Sep 14, 2024 9:46am
Quoting skyf
Moving the correlation display to the middle part in Report 0.0.1 or taking strength meter and aDWM with correlation to side of the latest release can be helpful. {image}
Skyf and PIsoft,

Agreed, it would be of very beneficial to get the strength meter in the latest release.
Further more if the strength meter having similar concept for aDWMr, I suggested the strength meter for having 3 timeframes example:

Option 1: Make the strength meter for 3 timeframes automatically sorted based on strongest to weakest value
Option 2: Make the Currencies of the Strength Meter "static" while the 3 selected time-frame changes based on the respective value.

The selected 3 time frames combination based on external input (M15, H1, H4) or (D1,H4 & H1) or (D1,WK, MN)

There will be some changes in CURRENCY colour if the strength aligned. Example if EUR all time frame strong or JPY all time frames strong and so on.

The strength meter values for the 3 timeframes could be similar like aDWMr in the form of ball shapes or any shape feasible.

Some of my suggestion.... anyone can add.

Attached Image (click to enlarge)
Click to Enlarge Name: Strength Meter Proposal.JPG Size: 66 KB


Thank you
  • #769
  • Sep 15, 2024 1:34am Sep 15, 2024 1:34am
Quoting ctnie2143
{quote} Skyf and PIsoft, Agreed, it would be of very beneficial to get the strength meter in the latest release. Further more if the strength meter having similar concept for aDWMr, I suggested the strength meter for having 3 timeframes example: Option 1: Make the strength meter for 3 timeframes automatically sorted based on strongest to weakest value Option 2: Make the Currencies of the Strength Meter "static" while the 3 selected time-frame changes based on the respective value. The selected 3 time frames combination based on external input (M15,...
Good one ...... but I feel there are lots of multi time frame currency meters available that may suffice for multi instance of time frames...E.g heatmap modoki..etc
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #770
  • Sep 15, 2024 7:41am Sep 15, 2024 7:41am
Quoting skyf
{quote} Good one ...... but I feel there are lots of multi time frame currency meters available that may suffice for multi instance of time frames...E.g heatmap modoki..etc
Skyf,
Thank for replying. Some of the available currency meter has it own intended used or merit. However, what PISoft done so far is amazingly interesting. Hence it would be of unique kind of currency meter to the PISoft dashboard.

Let me share some of the thought in my next post....

Hope PISoft look into it to strengthen his system.

Regard

Citi
  • #771
  • Sep 15, 2024 8:11am Sep 15, 2024 8:11am
Dear PISoft,

This is food for thought to compliment you amazing system.....

Assuming the currency meter strength is from 0 to 9.

Therefore similar to you aDWMr concept, the Strength meter divided into 10 zones.


It would be interesting to experiment the multi-timeframe CSM with specific zones in combination with your aDWMr and BidRatio (both left & right)


Here your are…..


IF currency strength > 6.0 – the circle turn Lime/Green colour

CURRECY Box changed colour to Lime/Green (to attract attention) – IF ALL 3 Timeframes ALIGNED (Strong)


IF currency strength < 3.0 – the circle turn RED colour

CURRECY Box changed colour to RED (to attract attention) – IF ALL 3 Timeframes ALIGNED (Weak)


IF currency strength floating around ZERO or NINE - an indication possible reversal or retracement. This is depend on how many time-frames this conditions occurs. It could be 1 out of 3, 2 out of 3 or 3 out of 3. This is something we would like to observed and fine tune the system


I found more useable zone between 6-8 value for strong up while 3-1 value for weak down. Again this zones setting can be experimentally changed to get optimum result.


Hope the diagram provide some idea....

Attached Image (click to enlarge)
Click to Enlarge Name: Strength Meter MTF.JPG Size: 45 KB

The intention is to get the dashboard more visible by looking at the combination of the function you already have. And of course we can single out the possible tradeable pairs amongst the cluster/basket of 28 pairs


Take note there is reason for the 8 currencies organize in the shown order. EUR, GBP, AUD, NZD, USD, CAD, CHF & JPY the last one.

Attached Image (click to enlarge)
Click to Enlarge Name: The EDGE.JPG Size: 58 KB



Thank in advance.

Citi






  • #772
  • Sep 15, 2024 11:37am Sep 15, 2024 11:37am
Quoting ctnie2143
Caro PISoft, questo è spunto di riflessione per complimentarmi con il tuo fantastico sistema..... Supponendo che la forza del misuratore di valuta sia da 0 a 9. Quindi simile al tuo concetto aDWMr, il misuratore di forza è diviso in 10 zone. Sarebbe interessante sperimentare il CSM multi-timeframe con zone specifiche in combinazione con il tuo aDWMr e BidRatio (sia a sinistra che a destra) Eccoti qui... SE la forza della valuta > 6.0 - il cerchio diventa di colore Lime/Verde La casella VALUTA cambia colore in Lime/Verde (per attirare l'attenzione)...

HI
I modified the attached indicator for simultaneous display (the market is now at a standstill, I don't guarantee that it works, let's see).
The numbers are different from the one used but I can add it to prove that the idea is useful.
You can do some testing while waiting for this to happen.

Attached File(s)
File Type: mq4 CM_Strength_TF_V1.1 (8).mq4   23 KB | 297 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: 265_report.GIF Size: 197 KB
  • #773
  • Sep 15, 2024 11:53pm Sep 15, 2024 11:53pm
Quoting PlSoft
{quote} HI I modified the attached indicator for simultaneous display (the market is now at a standstill, I don't guarantee that it works, let's see). The numbers are different from the one used but I can add it to prove that the idea is useful. You can do some testing while waiting for this to happen. {file} {image}
PISoft,
Just for clarification. The CSM in PSoft Board displayed based on which Timeframe ?
Thank you.
  • #774
  • Sep 16, 2024 1:14am Sep 16, 2024 1:14am
Quoting PlSoft
{quote} HI I modified the attached indicator for simultaneous display (the market is now at a standstill, I don't guarantee that it works, let's see). The numbers are different from the one used but I can add it to prove that the idea is useful. You can do some testing while waiting for this to happen. {file} {image}
Hello, is there a post explainig how this works,i have searched the thread but maybe i overlooked it. Thanks
  • #775
  • Sep 16, 2024 1:17am Sep 16, 2024 1:17am
Quoting ctnie2143
{quote} PISoft, solo per chiarire. Il CSM nella bacheca PSoft è visualizzato in base a quale intervallo di tempo? Grazie.
the price is in real time
Attached Image (click to enlarge)
Click to Enlarge Name: 266_report.GIF Size: 18 KB
  • #776
  • Sep 16, 2024 1:21am Sep 16, 2024 1:21am
Quoting makenas
{quote} Ciao, c'è un post che spiega come funziona, ho cercato nel thread ma forse l'ho trascurato. Grazie

It is an indicator that I found in my archive and that I have never used, my personal opinion is that by using high time frames the signals arrive late as if they were moving averages..


continue the search
if you want live data you can use this panel.
Attached Image (click to enlarge)
Click to Enlarge Name: 267_report.GIF Size: 72 KB
  • #777
  • Sep 16, 2024 2:45am Sep 16, 2024 2:45am
Quoting PlSoft
{quote} the price is in real time {image}
PISoft,
Thank for the reply.

I loaded the Indicator and setup into 2 modes, place trades.

The result of using Lower Timeframe (M15, H1,) CSM alignment that I took for EURJPY & AUDJPY shown below.
Initially the two pairs running positive and for testing purposes let the pair runs for 8 hours now..... overall result floating NEGATIVE 600 & NEGATIVE 300 points respectively

Attached Image (click to enlarge)
Click to Enlarge Name: Test CSM using LFT.JPG Size: 82 KB


The result of using Higher Timeframe (D1, W1 & MN) CSM alignment that I took for CADJPY show below:
Initially the pair run into negative and let it run for 8 hours now - overall result POSITIVE 710 points.

Attached Image (click to enlarge)
Click to Enlarge Name: Test CSM using HFT.JPG Size: 98 KB





Probably just luck for monday trades

Cheers

Citi
  • #778
  • Sep 16, 2024 4:48am Sep 16, 2024 4:48am
Dear PISoft,

Just to share. I got multi-time-frame which i used occasionally to check currency forces. However, it's not 0-9 strength and no up/down arrows
Attached File(s)
File Type: ex4 CMS_BidRatio MTF.ex4   33 KB | 287 downloads



Attached Image (click to enlarge)
Click to Enlarge Name: CSM 5 TF selection.JPG Size: 27 KB


Attached File(s)
File Type: mq4 CMS_BidRatio MTF.mq4   11 KB | 350 downloads



Attached File(s)
File Type: ex4 CMS_BidRatio MTF.ex4   33 KB | 287 downloads



This screenshot of CSM with UP/DOWN arrow. The arrows are very helpful to see whether the currency strength is more stronger or weakening.

Attached Image (click to enlarge)
Click to Enlarge Name: CSM with arrow.JPG Size: 9 KB


Would be good tools if CMS BidRatio modify to become 0-9 range and up/down arrows.

Thanks for your kindness.

Regards

Citi
  • #779
  • Sep 16, 2024 4:01pm Sep 16, 2024 4:01pm
I'm testing it for a couple of days and then I'll share
Attached Image (click to enlarge)
Click to Enlarge Name: 268_report.GIF Size: 199 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 269_report.GIF Size: 131 KB
  • #780
  • Sep 16, 2024 5:40pm Sep 16, 2024 5:40pm
Quoting PlSoft
I'm testing it for a couple of days and then I'll share {image} {image}
Looking great !!!.

Since you're adding/working on the currencies (expansion/compression), would it be possible to show information on MIN and MAX value for each currencies since the opening of the day ?

Attached Image (click to enlarge)
Click to Enlarge Name: CSM Range.JPG Size: 14 KB

The MIN & MAX would provide heatmap how far the each currency travel for the day. And also give indication whether the currency continue to push up or push down or mid way within the min & max value it already travel.

This is surely very useful for the traders.

Thank you.

Citi
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