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Recent Strength indicator

  • #581
  • Jan 19, 2014 7:58am Jan 19, 2014 7:58am
Quoting hanover
{quote} OVERVIEW I attempted to modify Recent Strength, but reached the conclusion that the calculation was too different to easily accommodate an oscillator-based strength meter. Hence I've written a new indicator, Recent Oscillator Strength ('ROS'), as a companion to Recent Strength (see the screenshot below). ROS's calculation is currently based on Stochastic, but I'll rescale its plot in the next version, to allow RSI and CCI as possible alternatives. ROS is simpler to setup and use; there are no parameter files to be built. Just attach the...
Great work, as always, Sir Hanover! adding your indi. Thank you.
Per aspera ad astra
  • #582
  • Jan 27, 2014 2:38pm Jan 27, 2014 2:38pm
Just a few lines to say thanks so much for the Recent Strength Indicator.
It's an absolute marvel of programming.
I hope others appreciate what this could cost!

The only similar software I have come across (for download... not online), is Mark Boardman's "Apollo CSI".
For which he wants silly money for a monthly sub.

Had a few glitches to start with but thanks to reading your in-depth replies to other members, it was soon sorted.
Plus a bit of common sense of course. hehe.

We are all in the same game of trying to make some money from the Big Guys.
And men like you restore ones faith in human nature.

You shared your skill and knowledge, you are that rare breed of Gentleman and Scholar.
Most appreciated.
  • #583
  • Edited Jan 28, 2014 3:37pm Jan 27, 2014 4:04pm | Edited Jan 28, 2014 3:37pm
Quoting hanover
{quote} MK, I don't believe you're missing anything. It should merely be a case of installing both the indicator and the font. This looks like exactly the same problem described in posts #547–550, where both hukam and djarum11 say that installing the font fixed it. There is possibly some setting on your computer that's different to both theirs and mine. Or perhaps it's necessary to exit and restart MT4, or even reboot the computer, to have MT4/Windows recognize the new font? I'm not sure. Sorry I can't be of more help. David
Hanover,
I finally got it to work. It only took two weeks. That happens when you're technically challenged, like I am. Unfortunately, I'm not as smart as you my friend. I originally downloaded the fonts into MT4, but didn't bother to think I also needed to download it into windows until now. Two weeks later.

Anyways, just wanted to thank you once again for your continued support of your fellow traders. You are a legend as I've always said, but more importantly, you are gracious in your contribution and generosity in helping us all. Thank you once again David.

God Bless.
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  • #584
  • Jan 30, 2014 10:13pm Jan 30, 2014 10:13pm
Quoting MKFXTrader
{quote} Hanover, I finally got it to work...........
MK,

Glad to hear that you got the indy working, and I hope that it proves to be useful to you.

Many thanks for your kind words and good wishes.

All the best,
David
  • #585
  • Jan 31, 2014 10:52pm Jan 31, 2014 10:52pm
Hi Hanover(David),

how do you do? i hope you are fine and well. I stumbled upon your thread when i was searching for currency strength indicator last night and i was amazed on what your threads is discussing. It was excellent, clear, detail and abundant of information. it's just like a source of water & air for me. . I've been studying & trading using the currency strength and i found & believed it to be an excellent way of trading. I've just recently started to trade again after a few devastating way of using or could i say, throwing my money in forex if you know what i meant and i'm starting to grab again on it.

This a a very long thread and i haven't read them all, only skipping to the importance parts. Perhaps someone already asked or discuss this, but i was wondering whether it's possible to load all ur beautiful indicator (RS) according to its pair, so for aud/jpy, it would only show the strengh of them and perhaps can be showed in the main chart ? Perhaps you can answer or show me where the post is. I've still have alot to learn about your indicator. Hopefully i'll manage to understand it in no time. I'm sorry for my bad english & explanation. Thanks again for your excellent share & work. Cheers from Jakarta, Indonesia. I'll definitely stay tuned in your threads. Cheers.

regards,

Jazzy
  • #586
  • Feb 1, 2014 2:11am Feb 1, 2014 2:11am
Very nice topic.

Thanks for your effort.

Happy trading


Pro Trader Group
  • #587
  • Feb 2, 2014 9:08am Feb 2, 2014 9:08am
Quoting jazzyfx
Perhaps someone already asked or discuss this, but i was wondering whether it's possible to load all ur beautiful indicator (RS) according to its pair, so for aud/jpy, it would only show the strengh of them and perhaps can be showed in the main chart ?
Assuming that you're referring to the RS indy (in post #1), then I'm sorry, but neither of these options are currently possible. The indicators in this thread are offered on an 'as is' basis; I don't intend to modify them at this point.

@jpadvisor, sigmadelta52, P.t.g.: thanks for your feedback.
  • #588
  • Feb 2, 2014 9:02pm Feb 2, 2014 9:02pm
Quoting hanover
{quote} Assuming that you're referring to the RS indy (in post #1), then I'm sorry, but neither of these options are currently possible. The indicators in this thread are offered on an 'as is' basis; I don't intend to modify them at this point. @jpadvisor, sigmadelta52, P.t.g.: thanks for your feedback.

Thanks 4 the reply Hanover.. appreciated. it's a great indicator.
  • #589
  • Feb 20, 2014 5:11pm Feb 20, 2014 5:11pm
does anybody have a recent strentgh indicator that works with newer mt4 builds?
  • #590
  • Feb 21, 2014 11:49am Feb 21, 2014 11:49am
Quoting pwnpwn
does anybody have a recent strentgh indicator that works with newer mt4 builds?
According to info supplied by MetaQuotes, EX4 files that worked correctly in MT4 build 509 should continue to do so in build 600, providing that you move only the EX4 file (not the MQ4 file) into the new folder location (more detailed explanation here). Hence if MetaQuotes is correct, then Recent Strength should continue to run happily in the new build. However, I am still running build 509, hence I haven't tried it.

If you want to try some different strength indicators, I provided a list in post #1 (see the paragraph in green typeface).
_____________

@Tsar: many thanks.
  • #591
  • Feb 28, 2014 10:08am Feb 28, 2014 10:08am
Quoting hanover
{quote} According to info supplied by MetaQuotes, EX4 files that worked correctly in MT4 build 509 should continue to do so in build 600, providing that you move only the EX4 file (not the MQ4 file) into the new folder location (more detailed explanation here). Hence if MetaQuotes is correct, then Recent Strength should continue to run happily in the new build. However, I am still running build 509, hence I haven't tried it. If you want to try some different strength indicators,...

Hi Hanover

I've been playing around with currency strength indis for a few months now - definitely the answer to successful trading I have no doubt about that. Just came across your thread and indi's - excellent! The "spaghetti lines" system is fantastic - I have also had the problem with MT4 build 610 but if one follows this then there's no problem:

you will need to locate your "data folder"
from within the Mt4 platform File> data Folder
and paste the indicators into MQL4> inidcators
experts go into - MQL4> experts
presets into - MQL4> presets

Metaquotes has recently made a major update to the platform. Please read through the official post by Metaquotes regarding this - http://forum.mql4.com/60555

I found that if one zooms in (make the candles bigger) then the indi window is easier to read and I also made the text sizes smaller (9)

Thanks so much,
JM
  • #592
  • Feb 28, 2014 11:25am Feb 28, 2014 11:25am
Quoting hanover
This version adds the BasePoint parameter, and also fixes a bug where occasionally (especially on the M1 plot) a single zero value, caused when one of the currencies hadn't yet received a tick in any of its constituent pairs, corrupted the plot. The result was the affected currency would plot as a value of 0, with all others plotting as 100. Hopefully this is now fixed. See screenshot below. The alignment problem, when the parent pair starts a new candle (displacing the plots one candle leftward) has also been fixed. See post #1 for more info (including...
hi hanover thnx for sharing your indicator to the public may I ask is it possible to set the base point @ 5pm EST ? how you do you set it up?
pls check my illustration below: thnx
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  • #593
  • Feb 28, 2014 1:53pm Feb 28, 2014 1:53pm
Quoting Forexbuster
hi hanover thnx for sharing your indicator to the public may I ask is it possible to set the base point @ 5pm EST ? how you do you set it up? pls check my illustration below: thnx
What happens if you type the date/time of your vertical red line (2014.02.26 23:00) into NumPoints? (Make sure you have ParameterFile set to NONE). You would need to update the NumPoints value manually every time you want to change the date/time of the start point (supposedly daily).

This is explained more fully in post #1 (see text in red typeface in NumPoints in the PARAMETERS section). Incidentally, it looks like typing full dates (YYYY.MM.DD HH:MM) into NumPoints works OK (see my screenshot), but typing times only (HH:MM) possibly doesn't. I'm no longer doing any MT4 coding, so any bugs will have to remain unfixed.
________________

@jmtini: many thanks for the info.
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  • #594
  • Feb 28, 2014 2:24pm Feb 28, 2014 2:24pm
Quoting hanover
{quote} What happens if you type the date/time of your vertical red line (2014.02.26 23:00) into NumPoints? (Make sure you have ParameterFile set to NONE). You would need to update the NumPoints value manually every time you want to change the date/time of the start point (supposedly daily). This is explained more fully in post #1 (see text in red typeface in NumPoints in the PARAMETERS section). Incidentally, it looks like typing full dates (YYYY.MM.DD HH:MM) into NumPoints works OK (see my screenshot), but typing times only (HH:MM) possibly doesn't....
hanover thnx for your response sorry im not good in english my last question my time and date now in canada is feb 28 2014 3:20pm i want to put the this date feb 27 2014 3;20pm in" numpoints" so this means the base points will start feb27 2014 3:20pm right?
  • #595
  • Feb 28, 2014 10:23pm Feb 28, 2014 10:23pm
Quoting Forexbuster
{quote} hanover thnx for your response sorry im not good in english my last question my time and date now in canada is feb 28 2014 3:20pm i want to put the this date feb 27 2014 3;20pm in" numpoints" so this means the base points will start feb27 2014 3:20pm right?
I don't know which time zone in Canada you live in. But the value you type into NumPoints is MT4 date/time, not your local time. This will depend on how your br0ker has set up MT4. If you experiment a little, you should easily get it right.
  • #596
  • Edited Mar 2, 2014 4:47am Mar 1, 2014 9:29am | Edited Mar 2, 2014 4:47am
Quoting hanover
{quote} I don't know which time zone in Canada you live in. But the value you type into NumPoints is MT4 date/time, not your local time. This will depend on how your br0ker has set up MT4. If you experiment a little, you should easily get it right.

Hi hanover

Thanks so much - didn't realise of course that one can just use one time frame and adjust the "NumPoints" setting (should have read all the posts!)
Anyway I've come up with a fairly nice 15 min template on which I've simply used 96 points on the "NumPoint" setting which starts the spaghetti lines approx 2 hours before the start of the Asian session on my platform which gives the spaghetti lines a chance to show any good deviation when the Asian session opens.

Regards to all

JM
  • #597
  • Mar 2, 2014 9:46pm Mar 2, 2014 9:46pm
Quoting hanover
{quote} I don't know which time zone in Canada you live in. But the value you type into NumPoints is MT4 date/time, not your local time. This will depend on how your br0ker has set up MT4. If you experiment a little, you should easily get it right.
HI hanover thnx for responding sorry for being newbie on the bottom I provided my information on my Mt4 Alpari UK date and time and my local time date and time as well. My question is which one will I put on "NumPoint" My MT4 Alpari UK date and time OR my local time date and time ?

thnx
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  • #598
  • Mar 3, 2014 7:57am Mar 3, 2014 7:57am
Quoting hanover
{quote} I don't know which time zone in Canada you live in. But the value you type into NumPoints is MT4 date/time, not your local time. This will depend on how your br0ker has set up MT4. If you experiment a little, you should easily get it right.
sorry i did not see this you already answer my question thnx for your respond
  • #599
  • Mar 3, 2014 8:55am Mar 3, 2014 8:55am
Hi hanover

My apologies too - didn't realise that one can't make the indi too long - then it doesn't work. I just put today's date in the Numpoints box and it works fine.

Just one question. Is it possible to move the vertical readout completely away from the spaghetti lines so that they don't overlap? Maybe to the left side of the indicator window instead of the right side? What happens is that they tend to overlap exactly where one wants to see any crossover take place.

Rgds

JM
  • #600
  • Mar 3, 2014 12:51pm Mar 3, 2014 12:51pm
Quoting jmtini
Is it possible to move the vertical readout completely away from the spaghetti lines so that they don't overlap? Maybe to the left side of the indicator window instead of the right side? What happens is that they tend to overlap exactly where one wants to see any crossover take place.
LegendValues and LegendVertSpacing settings are explained in post #1. Please take the time to read the instructions, before using the indicator.

I am no longer using MT4. This is my final post in this thread.
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