Very significant operation of the CSI indicator we can see, the indicator truly indicates the strength of currencies against each other. The examples below proof this claim: {image} {image} {image} {image} {image} In all 5 previous days, the CSI indicator truly highlighted the short trend of the pair (GBPAUD).
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Hi Rafei, I recently tried your Strength Daily 201 indicator that plots very well on all 8 major currency crosses. I was wondering if you would consider in your next update to add crossover alerts when the individual currency crosses each other. Regards, Ferdinando
Hello TS, I need help in developing currency strength that looks like in the attachment. The features are similar to yours (It compares the movement of 8 major currency), however the currency strength indicator in the attachment had different features: 1. The value changes every second 2. The value ranges from 1 to 100. 50 being flat, below 40 is weak and above 60 is strong Do u know how to create this type of CSM? Cos i need the exact formula so i can use it in my EA and I really need the formula to create that Thanks a million {image} {file}
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Hi Energyliger, can you please upload this indicator or mail me?
I have done extensive work in the currency strength area using databases as distinct from visual charts and the MT4 type of technical indicator analysis
The answer to the crossover question lies with taking the value of your data at each point looking each side of that data point for a + / - concept and then scaling the angle of the change as they cross. There are an almost infinite variety of crossings but it is the angle that is important and one other thing ... where that rally or decline started from.
If you have a bounded variable that defines how far your measured currency can go to AND then the current movement starts at the point then it intersects with another currency traveling from the opposite direction then it is a more powerful move.
The attached from the market happened August 28 1000 am NYC time .... This is the idea of a deep move
An indicator for the strength of a currency
