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Currency Strength Indicator

  • #841
  • Oct 2, 2024 8:48am Oct 2, 2024 8:48am
Quoting PlSoft
{quote} OK, lo farò il prima possibile {image} Verificherò e poi pubblicherò. {file}
published https://www.forexfactory.com/thread/...8#post15017418
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  • #842
  • Oct 2, 2024 2:52pm Oct 2, 2024 2:52pm
Quoting PlSoft
{quote} published https://www.forexfactory.com/thread/...8#post15017418 {image}
how exactly to trade the signals please?
  • #843
  • Oct 2, 2024 6:49pm Oct 2, 2024 6:49pm
https://www.forexfactory.com/attachm...l?d=1727880655
Where is this version we want to try with you
  • #844
  • Edited 4:44am Oct 3, 2024 4:19am | Edited 4:44am
Quoting ahmedenegm
{image} Dov'è questa versione che vogliamo provare con te?
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First load these indicators onto a chart.
Any checked object on the chart when touched by BID emits a signal. This is the reason for the trend line with the active tick.
Attached File(s)
File Type: ex4 Breakout_PANCA_EAGLE 1.ex4   21 KB | 317 downloads
File Type: ex4 DWMRanges (3).ex4   30 KB | 295 downloads
  • #845
  • Oct 3, 2024 5:23am Oct 3, 2024 5:23am
As you can see the direction is not clear.
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  • #846
  • Oct 3, 2024 7:09am Oct 3, 2024 7:09am
EUR alignment
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  • #847
  • Edited 11:05pm Oct 7, 2024 6:03pm | Edited 11:05pm
Hello PI wonders, If you don't mind here is something. Making the box forexsupreme pips in front of each symbol to have a different color if previous day VAH/VAL or POC is touched by price or if price is above or below the VAH/VAL. {file}
Attached File(s)
File Type: mq4 MarketProfile_VirginpPOC BT.mq4   43 KB | 265 downloads
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #848
  • Edited Oct 10, 2024 12:20am Oct 9, 2024 11:51pm | Edited Oct 10, 2024 12:20am
Another suggestion is for the colors of symbols in the lower dashboard to be different for symbols which has pips movements less than average session pips (indicator that gives session ADR) in the last session. This indicates a range market condition thereby change to trending market can be anticipation in the ongoing session.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #849
  • Oct 10, 2024 4:05am Oct 10, 2024 4:05am
Jpy alignment
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Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #850
  • Oct 11, 2024 2:55am Oct 11, 2024 2:55am
Alignment
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Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #851
  • Oct 11, 2024 7:30am Oct 11, 2024 7:30am
Hi Skyf,
Just a clarification. How exactly do you trade this situation? So when you see a correlation do you trade all the pairs showing positive correlation long? Whats your typical TP/SL? Any inputs on how successful these signals are so far? Do you get any alarm when all the correlation is in line? TIA.
  • #852
  • Oct 11, 2024 3:03pm Oct 11, 2024 3:03pm
Hi Skyf,

I am following the updates on the The swamp thread and hopefully will get an idea how to read the dashboard and trade using it. Thanks for your and Pisoft inputs.
  • #853
  • Edited Oct 12, 2024 12:30am Oct 11, 2024 11:01pm | Edited Oct 12, 2024 12:30am
Quoting sln
Hi Skyf, Just a clarification. How exactly do you trade this situation? So when you see a correlation do you trade all the pairs showing positive correlation long? Whats your typical TP/SL? Any inputs on how successful these signals are so far? Do you get any alarm when all the correlation is in line? TIA.
I do not trade all correlated pairs but only those shown in the strength meters or those backed by fundamental or sentiments. E g of fundamental backing is CAD this week which has been weak due to hints of rate rate cut.


SL and TP are control by fib levels or VAH/VAL or *FVG. Besides trades can be closed before hitting SL/TP when stocks and technical indicators goes against entry.
Edit * Hence Colour change or alert for symbols when price is/was at VAH/VAL or 4hr FVG in the last x time (say 1hr) is something fantastic to have IMHO.



No alarm yet for that as far as I know but the strength meter goes a long way in helping to identify which currency will likely experience alignment. Maybe a color or audio alert when sum of correlation across timeframe for two currency of a pair reaches x number/difference is what Pi Soft is working on based on a latest update I saw him post in the swamp thread.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #854
  • Oct 11, 2024 11:43pm Oct 11, 2024 11:43pm
This signal bodes well to follow on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: 314_report.GIF Size: 177 KB


I don't publish the update because as you can see the numbers on the signal bar don't enter correctly.
I'll solve / post and then explain..
  • #855
  • Oct 12, 2024 12:17am Oct 12, 2024 12:17am
Weldone PI wonders...

I'm noticing change in symbol color. What that signifies would be interesting.
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Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #856
  • Oct 12, 2024 12:20am Oct 12, 2024 12:20am
Quoting skyf
Weldone PI si chiede... Sto notando un cambiamento nel colore del simbolo. Cosa significhi sarebbe interessante.
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For a quick reading of the aligned force
  • #857
  • Oct 13, 2024 6:54am Oct 13, 2024 6:54am
Quoting PlSoft
This signal bodes well to follow on Monday.{image} I don't publish the update because as you can see the numbers on the signal bar don't enter correctly. I'll solve / post and then explain..
Dear PISoft,

I noticed the grey bars at the bottom of the chart. Each symbol has kind of code or numbers with it. Mind you to share how to use it.
And also there is "sideways" mentioned. What is entails ?

Thank you
  • #858
  • Edited 1:53pm Oct 16, 2024 1:36pm | Edited 1:53pm
Update
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Attached File(s)
File Type: ex4 Report(3.0.8).ex4   358 KB | 319 downloads

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speed = Calculates the relative change of symbol between bar i and i+1

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  • #859
  • Oct 16, 2024 2:45pm Oct 16, 2024 2:45pm
Hi PIsoft,
Thank you for the updated board. Can you give us some guidelines how to use this for trading please.TIA
  • #860
  • Oct 16, 2024 11:26pm Oct 16, 2024 11:26pm
Quoting sln
Ciao PIsoft, Grazie per la bacheca aggiornata. Puoi darci qualche linea guida su come usarla per il trading, per favore.TIA
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Always start with a sideway and check the correlation strength.
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