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Looking for strength Indicator

  • #21
  • Feb 13, 2012 1:58pm Feb 13, 2012 1:58pm
Quoting gorangel
Try these, maybe it's what you're looking for
Thank you for your help goangel,

I will take a look..

Ja.
Memories caught in time but never forgotten
  • #22
  • Feb 28, 2012 9:40pm Feb 28, 2012 9:40pm
Quoting j4d
Hanover, ......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 ? ....
Of course not. I'm not sure how or why you got the impression that you did.

As stated in the thread, the indy is provided free, on a take-it-or-leave-it basis. I can't understand why anybody would have a problem with that.

Quoting j4d
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
Hope you find the indy that you're looking for.
  • #23
  • Edited Feb 29, 2012 12:16pm Feb 28, 2012 11:21pm | Edited Feb 29, 2012 12:16pm
Quoting j4d
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...
J4D,

The attached is the best that I can do in the time that I have available. This was possible because I modeled the output from another indy that I wrote. Nonetheless, the attached version plots H4 strength by operating off a LWMA(60), like you requested. You can change the CurrencyPairs that it looks at, the weight attached to each pair, the TimeFrames you want plotted, the MAperiod and MAtype (0=SMA, 1=EMA, 2=smoothed, 3=LWMA).

You need to first install the "Placard MT Condensed" font in the zip file attached to post #398. Instructions in post #398 also.

The calculations work as described in post #398 and post #426 except that the strength is based on the LWMA(60). The indy plots an (imaginary) channel of LWMA(60) highs and lows (see screenshot below), and counts what percentage of the last NumberOfCandles candles exceed the high and low of the channel. This percentage is then processed as explained in post #426. There is no ApplySmoothing parameter, as it is not appropriate here. An output file can also be optionally generated, as explained in post #425.

Unless you can define in precise mathematical terms what you mean by "price using it as support=weak", it is impossible to code it. Hence I have used the LWMA-based channel and percentages as a proxy.

When you first install the indy, it may take a few minutes before the plot appears, as it must gather H4 data from all of the necessary pairs first. The screenshot illustrates how it is possible to get strength plots for all timeframes.

As with the other indy, this is offered free, and on a "take it as it is, or leave it" basis. If you have an issue with this, then no offense, but it's not my problem. Anyway, I have attached the MQ4 file in case anybody else wants to modify the code. As I said, I've done as much as I can in the time that I have available; now I must proceed with some 'real' work.

Hope this at least gets you one step closer,

David
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-29_1814.jpg Size: 117 KB
Attached File(s)
File Type: mq4 Strength - J4D.mq4   100 KB | 1,677 downloads
  • #24
  • Feb 29, 2012 3:40am Feb 29, 2012 3:40am
Hi Hanover,

Thank you for this one too. There seems a little bug though:

On last/weakest currency, there appear no bars on top of each other but the word 'Label' instead.
  • #25
  • Feb 29, 2012 4:54am Feb 29, 2012 4:54am
hi Guys,

this might not be related to this post,,,,
however,,,,,,
just wondering how do your guys optimize/evaluate the indicator parameters?
is it possible to draw profit/loss curve for indicator?

i mean if we can evaluate the indicator by profit curve, that would be very convenient,,,,,

Thanks a lot,,,,

marshalmace
  • #26
  • Feb 29, 2012 12:13pm Feb 29, 2012 12:13pm
Quoting dakuki
Hi Hanover,

Thank you for this one too. There seems a little bug though:

On last/weakest currency, there appear no bars on top of each other but the word 'Label' instead.
Hi,

Thanks for pointing this out. I've fixed the bug, and uploaded the fixed version of the indy to post #23.

David
  • #27
  • Mar 1, 2012 3:45am Mar 1, 2012 3:45am
Quoting hanover
J4D,

The attached is the best that I can do in the time that I have available. This was possible because I modeled the output from another indy that I wrote. Nonetheless, the attached version plots H4 strength by operating off a LWMA(60), like you requested. You can change the CurrencyPairs that it looks at, the weight attached to each pair, the TimeFrames you want plotted, the MAperiod and MAtype (0=SMA, 1=EMA, 2=smoothed, 3=LWMA).

You need to first install the "Placard MT Condensed" font in the zip file attached...
David, Thank you for your time and effort.....

Ja.
Memories caught in time but never forgotten
  • #28
  • Apr 27, 2012 3:47am Apr 27, 2012 3:47am
Quoting hanover
J4D,

The attached is the best that I can do in the time that I have available. This was possible because I modeled the output from another indy that I wrote. Nonetheless, the attached version plots H4 strength by operating off a LWMA(60), like you requested. You can change the CurrencyPairs that it looks at, the weight attached to each pair, the TimeFrames you want plotted, the MAperiod and MAtype (0=SMA, 1=EMA, 2=smoothed, 3=LWMA).

You need to first install the "Placard MT Condensed" font in the zip file attached...
I copy ur indicator but its not showing...please help me
  • #29
  • Apr 27, 2012 4:39am Apr 27, 2012 4:39am
Quoting Shawonaiub
I copy ur indicator but its not showing...please help me
Hi,

I'm sorry, but I really don't know where to start. I assume that you installed it correctly, and also the 'Placard MT Condensed' font, as explained in the instructions in post #23.

The indy needs to gather a lot of data (more than 20 pairs, x 9 timeframes) from your br0ker's server, especially if you're asking it to show all 9 timeframes. Depending on your br0ker, this may take several minutes.

Also, I run WinXP only. If you're running Win7 or Vista, there are quirks in the user access permissions that prevent many of my indys and EAs from running properly. I read somewhere that installing MT4 outside of the Program Files folder is the solution, but I've tried that and the problems still persist. Hence I stay with WinXP — the only Windows that's proven itself to be reliable to me. I can not troubleshoot other Windows versions.

As you can see from the attached screenshot, the indy runs without any problem on my PC. I simply attached it to the chart, and the plots appeared in less than a second. The br0ker is Pepperstone and the MT4 build is 409. It also seems to run happily enough on GoMarkets, AxisTrader, Alpari, and other br0ker MT4s also.

There must be some difference between your computer and mine, that's causing the problem. But without more information, I have no idea what it might be.

There are other good strength indys around. Perhaps you could do a forum search for "strength" and use of one them instead. Sorry I can't be more help.

David
Attached Image (click to enlarge)
Click to Enlarge Name: j4d eample.gif Size: 29 KB
  • #30
  • Apr 28, 2012 10:01am Apr 28, 2012 10:01am
Quoting hanover
Hi,

I'm sorry, but I really don't know where to start. I assume that you installed it correctly, and also the 'Placard MT Condensed' font, as explained in the instructions in post #23.

The indy needs to gather a lot of data (more than 20 pairs, x 9 timeframes) from your br0ker's server, especially if you're asking it to show all 9 timeframes. Depending on your br0ker, this may take several minutes.

Also, I run WinXP only. If you're running Win7 or Vista, there are quirks in the user access permissions that prevent many of my indys and EAs from...
which broker i should use to active ur strength indicator ...by the way which one is better CSM or J4D
  • #31
  • Apr 29, 2012 5:38am Apr 29, 2012 5:38am
Quoting Shawonaiub
which broker i should use to active ur strength indicator ...by the way which one is better CSM or J4D
I listed some br0kers you might like to try, but if you're running Win7 or Vista I think it's most likely to be a Windows access permissions problem, in which case I can't help you.

Re which strength indicator is best, they both measure much the same thing, albeit in different ways. It is not the indy that matters, but how you integrate the info into your own trading methodology. In my experience there is no one tool that will make you instantly profitable — after 5 years of chart study I still regard myself as an apprentice. As Keynes wryly observed "the market can remain irrational longer than a trader can remain solvent".
  • #32
  • Apr 29, 2012 5:53am Apr 29, 2012 5:53am
Quoting hanover
I listed some br0kers you might like to try, but if you're running Win7 or Vista I think it's most likely to be a Windows access permissions problem, in which case I can't help you.
David,

Thank you for your replies, Ref Indicator problems.......

Ja.
Memories caught in time but never forgotten
  • #33
  • Apr 30, 2012 3:42am Apr 30, 2012 3:42am
HELO Hanover, very thankful for this strength-J4D indicators ,in fact, I need your help modify 8 major currency from Broco MT4 to strength-J4D indicators .
what i know is ;
DX_CONT = USD
6J_CONT = JPY
6S_CONT = CHF
6A_CONT = AUD
6N_CONT = NZD
6C_CONT = CAD
6B_CONT = GBP
6E_CONT = EUR
when bad News happen (Risk Aversion) usd,jpy or chf up trend.
when good News happen (Risk Appetite) aud,nzd,cad,gbp&eur up trend
Ten million thanks for your help , sory my Bad Engilish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: broco.gif Size: 168 KB
Click to Enlarge Name: broco 1.gif Size: 150 KB
  • #34
  • May 1, 2012 3:26pm May 1, 2012 3:26pm
Quoting wooisui
HELO Hanover, very thankful for this strength-J4D indicators ,in fact, I need your help modify 8 major currency from Broco MT4 to strength-J4D indicators .
what i know is ;
DX_CONT = USD
6J_CONT = JPY
6S_CONT = CHF
6A_CONT = AUD
6N_CONT = NZD
6C_CONT = CAD
6B_CONT = GBP
6E_CONT = EUR
when bad News happen (Risk Aversion) usd,jpy or chf up trend.
when good News happen (Risk Appetite) aud,nzd,cad,gbp&eur up trend
Ten million thanks for your help , sory my Bad Engilish.
Just a courtesy note to say that I've read your post, and I'll have a look at this coding project when I have some spare time (maybe this coming weekend). If I do succeed in completing the work, you can deposit the ten million in my PayPal account.
Among other things, this will depend on whether or not I can get a demo account in Broco MT4 set up easily enough, as I will need to test the code.

Incidentally, EUR and CHF are highly positively correlated these days. Hence they would both be affected in much the same way, by good or bad news. Check the EUR and CHF plots in your screenshot — candle for candle, they are almost identical in their shape.

David
  • #35
  • Edited 9:49pm May 1, 2012 9:37pm | Edited 9:49pm
Quoting wooisui
HELO Hanover, very thankful for this strength-J4D indicators ,in fact, I need your help modify 8 major currency from Broco MT4 to strength-J4D indicators .
what i know is ;
DX_CONT = USD
6J_CONT = JPY
6S_CONT = CHF
6A_CONT = AUD
6N_CONT = NZD
6C_CONT = CAD
6B_CONT = GBP
6E_CONT = EUR
when bad News happen (Risk Aversion) usd,jpy or chf up trend.
when good News happen (Risk Appetite) aud,nzd,cad,gbp&eur up trend
Ten million thanks for your help , sory my Bad Engilish.
wooisui,

Indy is attached, and works correctly on Broco MT4 - see screenshot.

N.B. CurrencyPairs parameter must be set to "6A_CONT,6C_CONT,6S_CONT,6E_CONT,6B_CONT,6J_CONT,6N_CONT,DX_CONT". If the br0ker doesn't recognize these as valid indexes for the AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD respectively, THE INDICATOR WILL NOT WORK. In other words, downloading this indy and expecting it to work on a br0ker other than Broco, is a pretty dumb thing to do.

For further instructions, see post #23. The main difference is that the indy is counting the difference between the number of candles above and below the LWMA(40) for each of the 6A_CONT, 6C_CONT, etc indexes, instead of averaging the number of candles over all of the currency pairs that are linked to an index. Hence the plots will always show a whole number: 1.0, 2.0, etc. It also means that the plots arrive much more quickly, as the indy doesn't have to download and process OHLC data for every currency pair from the br0ker's server.

Any problems are likely to be Win7 or Vista related, in which case I can't help (see my replies to Shawonaiub). Don't call me, call Microsoft.

And oh yes, just a friendly reminder:
Quoting hanover
If I do succeed in completing the work, you can deposit the ten million in my PayPal account.
David
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-02_1427.jpg Size: 176 KB
Attached File(s)
File Type: mq4 Strength - J4D Broco.mq4   10 KB | 885 downloads
  • #36
  • May 2, 2012 12:31am May 2, 2012 12:31am
"Just a courtesy note to say that I've read your post,"


If I do succeed in completing the work, you can deposit the ten million in my PayPal account.
i still demo trander and i will remember . if visit to Malaysia or Singapore some day don forget PM me my friend.

Incidentally, EUR and CHF are highly positively correlated these days. Hence they would both be affected in much the same way, by good or bad news. Check the EUR and CHF plots in your screenshot — candle for candle, they are almost identical in their shape.
ok ..Note!

Ten million thanks again for your help , now i have BIG PROJECT this week. my trading style is InterMarket Analysis systerm ,i will see 4 Market trend : Stock Index = Nikkei (Japan hours) . FTSE_CONT,FDAX_CONT&ES_CONT(London hours) .US hours no trend because working . Bund Price Index= FGBL_CONT & FGBM_CONT(Euro Bund) ,ZN_CONT(US 10 years note price) . Commodity= XAU(Gold),CL_CONT(Crude) . Currenccy= AUD,NZD & CAD(Commodity & High Yield Currenccy) .EUR & GBP (High Yield Currenccy) . USD, CHF & JPY Currenccy(Low Yield & Safe Haven Currenccy). so...If Stock & Commodity Down , Bund Price Up , High Yield & Commodity Currency will Down , the Low Yield currenccy USD & JPY will Strong , if Big Problem in USD & JPY, CHF or Gold will Strong ,and vice versa (why the word suddenly change fat after that change normal?!?) sory my Engilish is very poor and bad.
  • #37
  • Edited 1:27am May 2, 2012 1:16am | Edited 1:27am
Helo Hanover , can u remid me what i miss ? i have 2 PC , Windows XP (Desktop) & Windows 7 (laptop) , no problem when i attach strength-J4D Indicators to my 2 PC ,only Strength-J4D Broco indicators have problem, maybe i miss someting ? thank u for your help.

MetaEditor
Compiling 'Strength - J4D Broco.mq4'...
'hanover --- function header.mqh' - cannot open the program file C:\Program Files (x86)\Broco Trader\experts\indicators\Strength - J4D Broco.mq4 (7, 1)
'hanover --- extensible functions.mqh' - cannot open the program file C:\Program Files (x86)\Broco Trader\experts\indicators\Strength - J4D Broco.mq4 (263, 1)
2 error(s), 0 warning(s)
Attached Image (click to enlarge)
Click to Enlarge Name: broco.gif Size: 78 KB
  • #38
  • May 2, 2012 5:06am May 2, 2012 5:06am
I'm sorry, I forgot that I'd posted the mq4 rather than the ex4 file.

To compile the mq4, you need to first copy the two attached mqh files to your .../experts/include folder. Then it should compile without any errors.

Sorry for the oversight. As usual, I get forgetful when I try to do too many things at once.

I was only joking about the 10 million, of course.
Attached File(s)
File Type: mqh hanover --- extensible functions.mqh   88 KB | 877 downloads
File Type: mqh hanover --- function header.mqh   11 KB | 928 downloads
  • #39
  • May 2, 2012 6:53am May 2, 2012 6:53am
helo Hanover , i know everyting indicators u do is very Headache work , pls take care your health .

Already followed your instructions hanover --- extensible functions.mqh & hanover --- function header.mqh copy patse to experts/include folder...Very disappointed to info u still cannot.
still miss someting? pls check for me when Hanover free , Ten million thanks for your help. Below is London Market today : Stock Index down ; Commodity XAU & Crude down ; Bund Price up ; Low Yield Currenccy JPY & USD Strong ,Risk Averson happen ! 1 more ting " if visit to Malaysia or Singapore some day don forget PM me my friend." this is very serious.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: broco.gif Size: 113 KB
Click to Enlarge Name: jatuh1.gif Size: 171 KB
  • #40
  • Edited 5:11pm May 2, 2012 3:35pm | Edited 5:11pm
Quoting wooisui
Already followed your instructions hanover --- extensible functions.mqh & hanover --- function header.mqh copy patse to experts/include folder...Very disappointed to info u still cannot.
still miss someting? pls check for me when Hanover free , Ten million thanks for your help.
I am sorry, I do not understand what you are asking.

Copy the .mq4 file attached to post #35 to your .../experts/indicators folder, and both .mqh files in post #38 to your .../experts/include folder. Then restart MT4.

Then when you attach the indicator to any Broco MT4 chart, you should get the plot showing in the screenshot in post #35.

That is all that I did to obtain the screenshot in post #35.
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