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Looking for strength Indicator

  • #1
  • First Post: Edited 3:31pm Feb 8, 2012 10:32am | Edited 3:31pm
Hi,

Does anyone know of an indicator which can show the strength
of a currency, ie.

If I wanted to short GBPAUD, I normally check other AUD pairs to get
a gauge of strength/weakness..

Is there an Indicator that can do this ?, instead of doing it manually..

Thanks in advance.....Ja
Memories caught in time but never forgotten
  • #2
  • Feb 8, 2012 11:20am Feb 8, 2012 11:20am
Yes. Look for member Hanover. He has a fantastic Recent Strength indi, plus much more besides.
To improve is to change. To perfect, is to change often.
  • #3
  • Feb 8, 2012 11:32am Feb 8, 2012 11:32am
Thanks Forexhard, not to sure that one's for me.....
Memories caught in time but never forgotten
  • #4
  • Feb 9, 2012 6:51am Feb 9, 2012 6:51am
Quoting j4d
Thanks Forexhard, not to sure that one's for me.....
I just wondering what kind of strenght indicator you looking for? maybe with specific visual presentation perhaps? (number, bar, line, etc..)

.
  • #5
  • Feb 9, 2012 11:11am Feb 9, 2012 11:11am
Quoting phfx
I just wondering what kind of strenght indicator you looking for? maybe with specific visual presentation perhaps? (number, bar, line, etc..)

.
Hi phfx

If I'm interested in trading say EURUSD short, I would go to other usd pairs,
and gauge the USD strength in that pair.

I Trade off a 4hr time frame, so that is the time frame i look at with other pairs.

I define strong/weak, or sideways by looking at PA against a 60 Linear
weighted Ma.

ie 60 LMA angled up price using it as support=weak for usd
60 LMA sideways and cutting through Pa, i tag as neutral etc.

A simple indicator that can tell me this in txt or up/down arrows...I'm open to suggestion,

Thanks Ja..
Memories caught in time but never forgotten
  • #6
  • Feb 9, 2012 2:45pm Feb 9, 2012 2:45pm
Did you even test Hanover's indi? I'm pretty sure it does exactly what you are looking for.

@Hanover, are you seeing this????...
To improve is to change. To perfect, is to change often.
  • #7
  • Feb 10, 2012 12:15am Feb 10, 2012 12:15am
Hi

Try this indicator, after deploying it in the indicators window, read the values in the Data Window

Hope this will help you

John from Durban
Attached File(s)
File Type: ex4 CCFp.ex4   19 KB | 678 downloads
  • #8
  • Feb 10, 2012 3:15am Feb 10, 2012 3:15am
Quoting jmcl
Hi

Try this indicator, after deploying it in the indicators window, read the values in the Data Window

Hope this will help you

John from Durban
Thank you John,

I will take a look.....

Ja.
Memories caught in time but never forgotten
  • #9
  • Feb 10, 2012 3:17am Feb 10, 2012 3:17am
Quoting forexhard
Did you even test Hanover's indi? I'm pretty sure it does exactly what you are looking for.

@Hanover, are you seeing this????...
I did look at this FH, and as i stated before, its not for me.............
Memories caught in time but never forgotten
  • #10
  • Feb 10, 2012 4:43am Feb 10, 2012 4:43am
Quoting j4d
Hi phfx

If I'm interested in trading say EURUSD short, I would go to other usd pairs,
and gauge the USD strength in that pair.

I Trade off a 4hr time frame, so that is the time frame i look at with other pairs.

I define strong/weak, or sideways by looking at PA against a 60 Linear
weighted Ma.

ie 60 LMA angled up price using it as support=weak for usd
60 LMA sideways and cutting through Pa, i tag as neutral etc.

A simple indicator that can tell me this in txt or up/down arrows...I'm open to suggestion,

Thanks Ja..

hmm I see,

I think you might have different understanding on the strength indicator concept than mine. If you for example interrested in EURUSD pair, its very easy to consult your decision using strength indicator if you understand it well. And you can use other indicator such LMA to add in to your judgement. I suggest you find more info about this.

And if you interested, I also have an indicator that you can try, but it is more or less the same as other strength indicator I think.

http://www.forexfactory.com/showthread.php?t=341283

.
  • #11
  • Feb 10, 2012 4:53am Feb 10, 2012 4:53am
Quoting phfx
hmm I see,

I think you might have different understanding on the strength indicator concept than mine. If you for example interrested in EURUSD pair, its very easy to consult your decision using strength indicator if you understand it well. And you can use other indicator such LMA to add in to your judgement. I suggest you find more info about this.

And if you interested, I also have an indicator that you can try, but it is more or less the same as other strength indicator I think.

http://www.forexfactory.com/showthread.php?t=341283

....
Thank you phfx,

I will check it out..

Ja
Memories caught in time but never forgotten
  • #12
  • Feb 11, 2012 5:54pm Feb 11, 2012 5:54pm
is it possible to use the average directional index? it basically identifies the strength of a trend.
  • #13
  • Feb 12, 2012 2:07pm Feb 12, 2012 2:07pm
Quoting jhehe
is it possible to use the average directional index? it basically identifies the strength of a trend.
It might be quicker just checking charts, what I do already.....

Thanks for input though....

Ja.
Memories caught in time but never forgotten
  • #14
  • Feb 12, 2012 2:33pm Feb 12, 2012 2:33pm
There is a souch indicator but it is not free. You can contact Hector from learn forex live. Here is a link http://www.learnforexlive.com/members-area/
In the bottom of the page, where it says advanced indicators click the sneak preview to see a video of what it can do. I think he sells those two indicators as a separate package also but I can't find the link right now.
  • #15
  • Feb 12, 2012 2:54pm Feb 12, 2012 2:54pm
Quoting KMidas
There is a souch indicator but it is not free. You can contact Hector from learn forex live. Here is a link http://www.learnforexlive.com/members-area/
In the bottom of the page, where it says advanced indicators click the sneak preview to see a video of what it can do. I think he sells those two indicators as a separate package also but I can't find the link right now.
Thanks KMidas, Ill check it out..

Ja.
Memories caught in time but never forgotten
  • #16
  • Feb 13, 2012 1:28am Feb 13, 2012 1:28am
Quoting forexhard
Did you even test Hanover's indi? I'm pretty sure it does exactly what you are looking for.

@Hanover, are you seeing this????...
Just saw it now.

Thanks for the honorable mention, but if he doesn't like the indy, well I guess that's his prerogative. It does take some effort to set it up properly. And it has so many options that I can understand if some folk find it daunting.

Long time no chat, my friend; hope your trading is going well.
  • #17
  • Feb 13, 2012 11:42am Feb 13, 2012 11:42am
Quoting hanover
Just saw it now.

Thanks for the honorable mention, but if he doesn't like the indy, well I guess that's his prerogative. It does take some effort to set it up properly. And it has so many options that I can understand if some folk find it daunting.

Long time no chat, my friend; hope your trading is going well.
Hanover,

Let me assure you, I do not find your indicator daunting ...LOL,
and if your questioning my effort, you obviously don't know me
( you don't ).

What's the issue ?, I did look at your INDY and its not for me.....
Do I need to explain to you or the guy with the straight jacket, what I don't like about it ? ....

I'm sure there's plenty of people who like the indicator in question
and i'm sure it works very well..

Its Just NOT for me,

Thank you for your input though..

Ja.
Memories caught in time but never forgotten
  • #18
  • Feb 13, 2012 1:12pm Feb 13, 2012 1:12pm
What's the "issue"?

The issue before, was that 2 highly experienced traders were offering you their assistance.

The issue now, is that you are attacking those same 2 people in the act of trying to help you.

The issue you will face in the future, is that you probably shouldn't expect too much help here at FF if this is how you are going to treat people.
To improve is to change. To perfect, is to change often.
  • #19
  • Feb 13, 2012 1:33pm Feb 13, 2012 1:33pm
Try these, maybe it's what you're looking for
Attached File(s)
File Type: mq4 MIndex1.mq4   2 KB | 758 downloads
File Type: mq4 Indexes_v9L.mq4   9 KB | 796 downloads
  • #20
  • Edited 3:16pm Feb 13, 2012 1:57pm | Edited 3:16pm
Quoting forexhard
What's the "issue"?

The issue before, was that 2 highly experienced traders were offering you their assistance.

The issue now, is that you are attacking those same 2 people in the act of trying to help you.

The issue you will face in the future, is that you probably shouldn't expect too much help here at FF if this is how you are going to treat people.
FH,

You have a serious problem......

I strongly advice you get some medicinal help..To much time spent in a straight jacket...

I thanked you for making me aware of this indicator, Its not for me,
do you think that because i am posting here for an indicator that I am inexperianced...??
I have been trading financial instruments for almost 10 years and i do it rather well.

Like i said, I thanked you for making me aware of this ???

Do you think i can not make my own calculated decisions ???

Please get on someone elses thread so you can annoy them,
Successful traders are calm calculated people, I would take a look at your
aggressive manner, before other people on FF start to make decisions about you.....
Memories caught in time but never forgotten
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