FXNewsAlert ver3 - Signals, Strength and News

****** New Release - version 3.1 ******

FREE Download available at FXNewsAlert

Overview


Setup walk-through


Features

GUI - new, cleaner interface to allow multiple widgets in one window
Support / Resistance Candle Charts - signals tool to analyse supply & demand across multiple timeframes, all on the same chart!
Momentum Charts - added feature to choose momentum start, so you can see sentiment from day open through to year open
News Strength Heatmap - widget analyses all the weekly news events and shows which currencies are affected the most
Screenshots - take a snapshop of your workspace and add annotations to build up a trading journal or share your trading thoughts with friends
Profile Manager - create different profiles to see market sentiment; for example, create Futures, FX, Metals and Indices profiles
Binary Options - FXNA is an indispensable tool for BO traders as it mixes fundamentals with live price and various momentum tools
Weekend - Expert Advisor now works the weekend, so you can do your analysis ahead of the market open



How to use

The above screenshot shows a fully-loaded workspace, but you can configure the widgets to your liking. I've configured the app to show fundamentals on the left, momentum widgets in the middle and the Support/Resistance candle chart widget on the right.

1. Note which currency pairs are likely to move for the week using the News Strength Heat-Map widget (bottom-left).
2. Configure the momentum line graph to show price since the day open
3. Draw SR lines around the Asian session
4. Open the Strength widgets (pie-chart and table) to see which pairs are moving the most
5. Set the Web Links widget to fxstreet as they provide frequent and concise news alerts
6. Use the right-hand chart to analyse supply/demand to make a trading decision
7. Open the news alarm widget and market radio and you're good to go

You now have a mini-version of a Bloomberg terminal

Update - v3.1
Update - v3.2

_________________________________
FXNewsAlert - Signals, Strength and News

I was playing around with the charts and found this very interesting...

I created a profile for the NASDAQ, Dow Jones and SP500 then included Gold. I set-up two momentum charts side-by-side and the left chart is set at month open and the right shows price momentum since year open.

You'll notice two things 1) all three markets move in exact synergy...to the pip, whilst gold does the opposite and 2) the left chart shows an interesting inflection where gold started to cross upwards through the indices lines. As Gold punched north, the Dow Jones (green line) was the first to lose its momentum and the other markets soon followed. However, the downside of the markets was not as pronounced as Gold's move up!

Now look at the right-hand chart, for the last 169 days since the year open, the Dow has always been the highest and in the last few days, it's now crossed its sister markets. The divergence between gold and the markets is now closing but from the right-hand year open chart, the disparity between between the markets and gold has been huge. Will the Syria war chatter close this gap? Will gold manage to close positive on the year open?

Support / Resistance Chart

I've been watching AUDUSD with interest as it's hit the bottom of a monthly support box in the past few weeks. The idea is to find charts where price is hitting the top or bottom of these higher timeframe SR boxes (D1, W1 and MN1) for the first time. This could be a great time to start building low-risk buys on AUDUSD by dropping down to the M5 timeframe and buying bullish candles with very small stops.



Conversely, CADCHF was interesting. In the words of Sam Seiden, each time price chops away at support or resistance, the tree becomes weaker. On CADCHF, this happened last week with a big red candle, as support was tested and tested until it finally broke. Price has now hit the bottom of a weekly support from where momentum began two years ago!

EoD Analysis - Thursday

1. The Futures momentum line graph (top-middle) shows the dollar index with the most strength and equal weakness amongst EUR, Yen & Swiss.
2. GBP (along with CAD & AUD) have sat within their Asian range all day, as UK parliament debates Syrian action.

EoD Analysis - Friday

1. Using the top-middle widget, Futures have been mostly range bound in their Asian session hilo, with EUR & GBP showing late-day weakness and USD & JPY remaining bid from their day open price.
2. Note the pie chart sectors are equally sized, so there's no discernible momentum from any currency.
3. EURJPY on monthly (right chart) is sitting @ 130 at the bottom of a monthly resistance box where momentum began almost 4 years ago.

EoD Analysis - Monday

1. AUDJPY biggest mover to set the tone for start of month as Japan introduced a sales tax to further debase the Yen
2. From currency strength momentum widget (top-left), can see orange & green lines biggest divergence from their daily opens
3. Also, nice example on the pie-chart showing the largest two pie-sectors compared to other sectors.
4. In other news, it's US & Canadian labour day today
5. Important data @ end of week, namely interest rate decisions from the BOE, ECB and then nonfarm payroll data from the US on Friday

_________________________________
FXNewsAlert - Signals, Strength and News

EoD Analysis - Tuesday

1. Market becoming risk-off with Syrian war chatter, so carry trades gaining momentum
2. AUDJPY biggest mover after breaking out of Asian hilo range (top-left currency strength widget)

EoD Analysis - Wednesday

1. AUD Futures has been bid since the week / month open from sunday
2. AUDJPY has now hit a previous daily resistance red box from 6 weeks ago.

Also, it's interesting to watch Brent Crude oil futures as it reacts to Syrian 'will they / won't they' war rhetoric. Brent has formed a head 'n shoulders pattern on weekly and price is currently at the top of a previous weekly red box, so as profits are taken this means a surplus of sellers and upper wicks are developing on the candles as speculative sellers build low-risk orders.

EoD Analysis - Friday

1. The news strength heat-map widget is created on sunday ahead of the weeks trading; it forecast dollar weakness and CAD strength. Only today at the end-of-the-week has this forecast come to fruition (see pic annotations below)
2. Dollar and Yen futures have been the most divergent on the currency strength widget (top-left), so USDJPY has been the biggest mover. The Yen (green line) showed early strength near the London open as it was the first to break out of the Asian session hilo. Dollar (red line) then broke support of the Asian hilo with the US open as non-farm payroll numbers hit the wires.

Update on Brent Crude oil - this chart will reflect Syrian intervention as the West tries to reduce the monopoly of Gazprom and tries to get pipelines built from the South Pars gas field in Persian gulf through to European markets via Syria (the 'hub of the four seas'). Russia won't be happy about this as they want to keep their monopoly over their European markets for oil & gas. Brent oil is now at its weekly high, so a test of the left shoulder from late 2012 on the weekly TF is most likely if the tomahawks are thrown into Syria in the name of 'peace'!

hi FiatFab, great analyses you did here...thank you for your work
i've got a question, do you have the currency indeces in mt4 i really would like them to have to analyse the momentum with the FXNA software? or a broker who has futures or maybe you know how to get them on the mt4 platform...thank you

Was that an intentional misspelling of FiatFab?

I need to create youtube vids to clearly explain how i've setup the app, but i need to finish some other stuff off first before i start pissing around with video production.

I've added a link in the first post for the broker i use for futures prices, but there are others; i use 40 charts in this MT4 which streams prices to the app. I then have another MT4 (Alpari UK) for my trading and further analysis. This way, you have two MT4's that are separate and your live account trading isn't affected in any way by the app or the other broker.

Again, confusing stuff but a video will easily explain the setup, coming soon...

lol...ohh my dear...it was a misspelling but not intentional i'm sorry FiatFap ....

thank you for your quick response... i really like your idea for this kind of software i have to say its just great i spent the last two days for searching this kind of information tool and came across yours and it is definitely the best one!!! so thank you for sharing and explaining aswell as showing your analyses.

using two mt4 platforms seperately was my first idea too but i didn't find a broker who offers futures for the currency indices on a mt4 platform because they often use their own tradingsoftware.
maybe i'm blind but of course i clicked on the link but i just came too google with the search tag "mt4 futures feed". now i found one but they just have their own currency indices not the future prices, tomorrow i have to see how they work.

thank you and have a nice day

and please have indulgence with my english, i'm quite good in understand but speaking and writing i'm not so good

Wow! FiatFap!
This is absolutely the most amazing tool I've ever seen!!!
How did you get the futures feed? And you even got US Dollar Index?
Don't you need to own a MT4 server to do that?

Hi Fraois,

for the US dollar index and the other currency indices you will need a broker who offers these ones and has a mt4 platform to sync this mt4 with the FXNA sotware

@FiatFap .... alright i'm really blind now i found the link... thank you

Update - v3.1

1. made it easier to install and configure - MT4 files are now copied automatically
2. fixed layout problems for users with increased font size on win7+
3. fixed other minor bugs

EoD Analysis - Monday

1. Look at the pie-chart, ALL sectors are equally sized on the daily, so the market is flat
2. The news strength heat-map widget (bottom-left) forecasts Chinese Yuan strength and British Pound weakness; my MT4 doesn't have the CNY symbol, so i look at the next symbol pairs for a signal which is JPY = 6 and GBP = -4, so the widget forecasts GBPJPY selling this week.
3. The news headline widget from fxstreet says "George Osborne upbeat on UK economy", so take that with a pinch of salt!

Charts to watch this week...

Out of the 40+ charts i have streaming to the app, only two stand out - EURCAD buy and GBPUSD sell

EURCAD

EURCAD hit a daily green box for the first time last friday, so buyers are looking to buy the dips



GBPUSD

This is a much weaker signal as price has already almost touched the top of a daily red box, but with Osbourne spouting bullshit and the news heat-map widget forecasting GBP weakness this week, i suspect price may spike up to complete the touch and hit stops above the last fractal high and then drop towards the end of the week.



Brent Crude

Finally, let's keep our eye on the Brent chart to see when they'll start lobbing Tomahawks that cost $1.4million each into Syria to facilitate new armament contracts to boost US GDP, hmm *cough* i meant help peace in the middle-east.

Price has tested the left shoulder from late 2012 two weeks ago and this week has started with a red candle, as congress and obummer pussy-foot and procrastinate the inevitable.



News this week...


It seems he's keen on 'selling' a war to the public, why? Who is he working for??

In the US, retail sales on Friday will be the main data release. In addition, Congress will return from its 5-week recess on Monday.

Keith,

1. V3.1 looks good, just downloaded and will try it on my free Amazon VPS...

2. Meanwhile, given all the awesome work, I was wondering if you should include price-Vol analysis
as being championed on the SonicR forum by traderathome (Prof. TAH.) He claims to be able to read
Market maker intentions (but freely acknowledges there is no tool yet to know when the MMs would act.)

Interesting to know people have Vol-Price indicators. Wonder how they work on various brokers. This analysis
of course could be a leading indicator in conjunction with other MA-driven analyses.

Links are below:

Post #49,646
http://www.forexfactory.com/showthre...75#post6707275

PDF download: Post #48,011 http://www.forexfactory.com/showthre...06#post6657706
(The diagrams are too small to read sometimes, and there is some confusion. But a good read, still.)

Regards,
Athar.

INSTALLATION PROBLEM:

ON VPS RUNNING Win2008R2.

Program installs in the default ProgramFolder location, but there is no indication of any
MT4 option for further installation. The MT4 terminal does not show any EA under Experts
folder.

Athar.

Someone else couldn't run ver2 on a VPS, so they had to use a laptop. The app uses memory to stream prices, so i doubt a VPS will be able to do this. Do you have a desktop Windows PC to try ver3?