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Recent Strength indicator

  • #501
  • Jun 11, 2013 6:56am Jun 11, 2013 6:56am
Hi everyone,

I have the same problem as agulerer.
Attached Image (click to enlarge)
Click to Enlarge Name: recent strength.lmxm1.png Size: 38 KB


Zooming does not help.
  • #502
  • Jul 11, 2013 6:44am Jul 11, 2013 6:44am
Hi everyone,

I have some questions regarding the Recent Strength Indicator. Iīve been going through the recent pages, but couldnīt find any informations regarding my questions.

So, how do you put it to use in everyday trading? Iīve been playing around with it a bit in the recent days, but am still a bit confused how to interpret the informations it gives. So, letīs assume that the dollar has been the strongest the currency over letīs say the last 30 h4 bars ("value" of 100), with Aud being the weakest with a value of 0. What do you make ot of this? Buy USD, sell AUD? Or are you going for a retracement, because both could be seen as overbought (or oversold) ?

Another way I can imagine to use it is as some kind of cross over system, so if for instance Jpy is rising and crosses the Eur on its move upwards, buy Jpy and sell Eur.

Would be great if someone with experience using it could answer my questions, because I see a lot of potential it.

Regards
  • #503
  • Jul 18, 2013 8:40am Jul 18, 2013 8:40am
Quoting Carlton
Hi everyone, I have the same problem as agulerer. Zooming does not help.

ive seen like this before on my other app. Maybe you change dpi settings bigger in Windows when it says "do you want to make your text bigger?" Sometimes change back and reboot will fix for me but then make web page harfer to see.
Attached Image
  • #504
  • Jul 18, 2013 9:02am Jul 18, 2013 9:02am
Quoting puzzles
Or are you going for a retracement, because both could be seen as overbought (or oversold) ? Another way I can imagine to use it is as some kind of cross over system, so if for instance Jpy is rising and crosses the Eur on its move upwards, buy Jpy and sell Eur.
have to not play reverse like that because 4h can go very long time at top and bottom. because aud has been on bottom for long time now and price just keep going down and down like the yen last year and this year just keep going down and down but Recstrength bar just stay even at almost bottom. martigale
also when the Rec bars cross like your second strategy says it doesbt mean anything. Its just says bars going past eachother on this indy. Sowhat? just saying is all.
  • #505
  • Edited 10:15am Aug 18, 2013 9:58am | Edited 10:15am
David
Thank you for these indicators. I have been trying to coordinate the CSM & RS but they are always different. Does anybody have the set ups that would produce the same accurate order of currencies, take the H1 for example which order should you believe or am I missing something. Not having the source mql I can't check for the math differences

See H1 attachment:
CSM-number of candles - 25
Number of points - 15

Ray
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-08-18_105157-RS&CSM.png Size: 90 KB
Click to Enlarge Name: 2013-08-18_111209RS&CSM-H1.png Size: 59 KB
  • #506
  • Aug 18, 2013 2:28pm Aug 18, 2013 2:28pm
Quoting Traderduke
David Thank you for these indicators. I have been trying to coordinate the CSM & RS but they are always different. Does anybody have the set ups that would produce the same accurate order of currencies, take the H1 for example which order should you believe or am I missing something. Not having the source mql I can't check for the math differences See H1 attachment: CSM-number of candles - 25 Number of points - 15 Ray {image} {image}

Ray,

The calculation in each indy is completely (and intentionally) different. Calc for RS is explained in post #7, and calc for CSM in post #426.

RS was developed for my own use, and CSM's calc was derived from an idea that I found elsewhere.

David
  • #507
  • Aug 19, 2013 6:13am Aug 19, 2013 6:13am
David
Thank you for taking the time to answer me. I will certainly reread those posts.


thanks again for these informative indicators

ray
  • #508
  • Sep 27, 2013 7:33am Sep 27, 2013 7:33am
Hi @hanover, is there an easy way to modify CSM indicator to show only currencies and a digit for strenght? Without a scale. I don't know which part of the code to watch, but if you help me a little, maybe can do it myself
Attached Image (click to enlarge)
Click to Enlarge Name: CSM.png Size: 54 KB
I want money!
  • #509
  • Sep 27, 2013 2:26pm Sep 27, 2013 2:26pm
Quoting tzolov
Hi @hanover, is there an easy way to modify CSM indicator to show only currencies and a digit for strenght? Without a scale. I don't know which part of the code to watch, but if you help me a little, maybe can do it myself {image}
Not sure if I understand you correctly, but the attached produces the output shown in the screenshot

--- Download the .mq4 and .ex4 files to your ....(MT4)/experts/indicators folder.
--- Download the .mqh files to your ....(MT4)/experts/include folder (note: the .mq4 file will not compile correctly without these).
Attached Image (click to enlarge)
Click to Enlarge Name: Image 109.png Size: 26 KB
Attached File(s)
File Type: mq4 CSM tzolov.mq4   11 KB | 1,207 downloads
File Type: ex4 CSM tzolov.ex4   54 KB | 952 downloads
File Type: mqh hanover --- function header (np).mqh   13 KB | 783 downloads
File Type: mqh hanover --- extensible functions (np).mqh   116 KB | 783 downloads
  • #510
  • Sep 27, 2013 3:07pm Sep 27, 2013 3:07pm
Wow! What an amazing thread! Thank you Hanover for your brilliant work. I am going to take a good look at it this weekend. You are a programming genius, my friend
Please check out my blog at https://from-zero-to-hero . net
  • #511
  • Sep 27, 2013 4:59pm Sep 27, 2013 4:59pm
Quoting hanover
{quote} Not sure if I understand you correctly, but the attached produces the output shown in the screenshot --- Download the .mq4 and .ex4 files to your ....(MT4)/experts/indicators folder. --- Download the .mqh files to your ....(MT4)/experts/include folder (note: the .mq4 file will not compile correctly without these). {file} {file} {file} {file} {image}
Yes, this is exactly what i meant Thanx a lot! You and @pips4life made my trading... possible
I want money!
  • #512
  • Sep 28, 2013 12:08am Sep 28, 2013 12:08am
Does this indicator work on weekends when the market is closed? Obviously I don't expect it to update or refresh, but it's not loading the historical information either. I'm trying to install the Recent Strength Indicator (the files from the bottom of post #1), and it keeps coming out like this.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 203 KB
Please check out my blog at https://from-zero-to-hero . net
  • #513
  • Edited 12:54am Sep 28, 2013 12:37am | Edited 12:54am
Nevermind, I solved it. My broker uses a currency suffix of "m", so that EUR/USD is displayed as EUR/USDm for example, and this needs to be adjusted in the default "Presents -- Reset Strength" text file, or in the Inputs tab manually.

Hanover -- I would suggest taking this advice outlined by flyer and implement that code to automatically adjust for broker suffixes. It should be a simple addition and would be very helpful.

Also, I presume if all the weights are set to 100, then you are really just taking the average of all the specified "constituent" currency pairs??
Please check out my blog at https://from-zero-to-hero . net
  • #514
  • Sep 28, 2013 1:02am Sep 28, 2013 1:02am
Quoting smash1820
Nevermind, I solved it. My broker uses a currency suffix of "m", so that EUR/USD is displayed as EUR/USDm for example, and this needs to be adjusted in the default "Presents -- Reset Strength" text file, or in the Inputs tab manually. Hanover -- I would suggest taking this advice outlined by flyer and implement that code to automatically adjust for broker suffixes. It should be a simple addition and would be very helpful.

No offense, but please note the Disclaimer in post #1 --- it's a free indy, take it or leave it. I'm not being paid by FF to provide software for its members. I sometimes post indicators that I use myself. If others find them useful, that's great, but I don't have time to customize them to suit every individual's wish list.

You can use the build script in post #1 to automatically build the p-files. It allows the input of a suffix, just as you suggest. Once you've built your p-file, simply type the extension in the ParameterFile setting, and all of the data in the p-file will take effect. That's much quicker than having to retype all of the parameters every time you attach the indy. See post #1 for more info.
  • #515
  • Edited 8:37pm Sep 28, 2013 1:12am | Edited 8:37pm
I understand, and my apologies for any inconvenience this may have caused. Your time and life is worth a thousand times more.

Just know that you have done a fabulous job with this indicator (and the Recent Candles Indicator, which I'll be testing next) and it has not gone unnoticed. It would be nice if you could post the MQL source code for the entire indicator(s), not just the build strength file, but again I understand that is your highly valued intellectual property, hehe.

I think you are a genius (trader and programmer!) and your work clearly reflects that.
Please check out my blog at https://from-zero-to-hero . net
  • #516
  • Sep 28, 2013 11:25pm Sep 28, 2013 11:25pm
To : Mr. Hanover or other else
Could somebody out here help me to add the latest indicator's price also the difference(disparity pips) of this bollinger indicator to the upper right corner on the chart so it looks like this (on the chart just the example ). Explanation :

The left (yellow & blue figures) are the indicator's latest price value
The middle (red figures) are the disparity pips between indicator
The right (white figures) are the disparity pips between each indicator price value to the highest and lowest last candlestick price.

These all figures show up at the upper right corner on the chart(adjustable)
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 51 KB
Attached File(s)
File Type: mq4 BollStarc-TC_Sig.mq4   5 KB | 831 downloads
  • #517
  • Sep 29, 2013 3:31am Sep 29, 2013 3:31am
Quoting ferry678
To : Mr. Hanover or other else.....
The topic of this thread is the Recent Strength indicator.

I suggest you post your request in one of the "I code your indicators for free" threads, where it might be more noticeable.
  • #518
  • Sep 29, 2013 2:07pm Sep 29, 2013 2:07pm
Quoting hanover
{quote} The topic of this thread is the Recent Strength indicator. I suggest you post your request in one of the "I code your indicators for free" threads, where it might be more noticeable.

Dear Mr .Hanover,

I've done so,you could see this link:
http://www.forexfactory.com/showthre...70#post6988970

No one response,maybe the junk indicator they think. I thought Mr. Hanover is the last hope,maybe.Let it be. Thanks
  • #519
  • Oct 5, 2013 6:25am Oct 5, 2013 6:25am
Hey guys!

The indicator doesn't work 100% for me. (Maybe it's because weekend, i don't know, but i think that is not the reason for the failure.)
When I set the NumPoint - the number of bars (Now number of "dates") shall change right?
When I change the BasePoint I should get a "node" somewhere in the middle, since that bar will be our base. (just as in post #20)

However nothing happens if i change any of these values. (My charts remain the same)
Any ideas?

Thank you.

PS: It's a masterpiece - this is actually what I have been looking for / tried to develop myself. Thank you!
It's all psychology...
  • #520
  • Edited 7:12am Oct 5, 2013 6:52am | Edited 7:12am
Quoting LamerTrader
Hey guys! The indicator doesn't work 100% for me. (Maybe it's because weekend, i don't know, but i think that is not the reason for the failure.) When I set the NumPoint - the number of bars (Now number of "dates") shall change right? When I change the BasePoint I should get a "node" somewhere in the middle, since that bar will be our base. (just as in post #20) However nothing happens if i change any of these values. (My charts remain the same) Any ideas? Thank you. PS: It's a masterpiece - this is actually what I have been looking for /...
I'm sorry, but from the info you've provided, I don't know what to suggest.

I'm running Pepperstone MT4 build 509 on Win XP Pro SP2, and the Recent Strength indicator works fine for me, exactly as described in post #1.

However, it is arguably complex to set up correctly; needs to gather prices on all pairs and timeframes in order to function correctly (hence it can take 20-30 minutes to obtain the necessary data from your br0ker's server), possibly freezing MT4 during this one-off process; and its calculations consume significant CPU (computer) resource. A lot of people have complained about it; one FF member calls it "the beast"!

To anybody who has issues with it, all I can say is that it's a free indicator, and there are plenty of (more friendly) strength indicators on this and other forums (e.g. here here here and here). More links in this post. Also Oanda's strength heatmap here.
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