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Nihilist Forex Indicators

  • #1,041
  • Jul 4, 2014 3:34am Jul 4, 2014 3:34am
Quoting Nihilist
Now I am sharing here, my currency strength meter along with supporting file myRSIOMA.ex4 (both files are needed to run the CSM). this strength meter is based on RSIOMA, which i inspired from great ForexAlien, my Guru. to get the accurate signal you have to following 24 pairs available on your market watch window, absence of any listed pair, indicator shows the wrong strength. pair list- GBPJPY,GBPAUD,GBPCHF,GBPCAD,GBPUSD,GBPNZD, EURAUD,EURJPY,EURNZD,EURUSD,EURCAD,EURCHF, AUDUSD,AUDJPY,AUDCAD,AUDCHF, NZDUSD,NZDJPY,NZDCAD,NZDCHF, CADCHF,CHFJPY, USDCAD,USDJPY....
My friend,
you are a real Goldfinger.
I had a CSM made by Hanover, but this one based on RSIOMA is a pearl and is complimentary with the system we use.
Thank you very much as in this way we can see at the very beginning which are the best tradable pairs and then scroll down to the desired chart.
You know the saying "a good trader first of all has to be a good man". You are both.
Per aspera ad astra
  • #1,042
  • Jul 4, 2014 3:40am Jul 4, 2014 3:40am
Quoting Chak de FX
{quote} LITEchild, How to change the colour in indicator. As I saw u gt different color than the orignal. Thanks

indicator properties...
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  • #1,043
  • Jul 4, 2014 4:11am Jul 4, 2014 4:11am
Quoting LITEchild
{quote} indicator properties... {image}
I tried, but when i change TF it go back to orignal.... any suggestion.
  • #1,044
  • Jul 4, 2014 4:55am Jul 4, 2014 4:55am
Quoting Chak de FX
{quote} I tried, but when i change TF it go back to orignal.... any suggestion.
Delete indies from mq4 folder and replace with most recent versions. restart mt4...
Attached File(s)
File Type: rar NIHILIST INDICATORS.rar   107 KB | 2,062 downloads
  • #1,045
  • Jul 4, 2014 4:58am Jul 4, 2014 4:58am
Looks good for EURUSD short...
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  • #1,046
  • Jul 4, 2014 5:06am Jul 4, 2014 5:06am
USDCHF...
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  • #1,047
  • Jul 4, 2014 5:18am Jul 4, 2014 5:18am
Can someone please confirm my CSM is same as theirs on H4 period. And also briefly explain its use that would be great
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Be the change that you want to change
  • #1,048
  • Jul 4, 2014 5:20am Jul 4, 2014 5:20am
USDCAD short
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  • #1,049
  • Jul 4, 2014 5:30am Jul 4, 2014 5:30am
Quoting pundit78
Entry is an hour late, it costs me 5 pips. {image}
Trade closed -25.
  • #1,050
  • Jul 4, 2014 5:34am Jul 4, 2014 5:34am
Quoting mubinirl
Can someone please confirm my CSM is same as theirs on H4 period. And also briefly explain its use that would be great {image}
It compares the strength of each currency Vs the entire selection of currencies...As price goes up the angle goes up, as price goes down its angle goes down. The more the angle the more powerful the move is. So we measure the strength or weakness of a currency by the angle. A positive angle means price overall is going up, a negative angle means price is going down. It only measures strength,it does not measure volatility. Pairs can cross and not go anywhere, trend times maybe small or short in duration but this indi will show these moves whether they are volatile or not. So this compares the relative strength of one currency against another but it does not predict the volatility. When one currency crosses up and the other crosses down this suggests a switch in trend direction. When two currencies are running parallel to each other, suggests they are ranging. It matters not if they are flat parallels or up angle parallels or down angle parallels. They will range but the currency that is higher on the chart or the stronger currency has the advantage.
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  • #1,051
  • Jul 4, 2014 5:36am Jul 4, 2014 5:36am
Quoting FXAction
USDCAD short {image}
I'm in...
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  • #1,052
  • Jul 4, 2014 5:46am Jul 4, 2014 5:46am
NZDUSD...
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  • #1,053
  • Jul 4, 2014 5:50am Jul 4, 2014 5:50am
GBPUSD...
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  • #1,054
  • Jul 4, 2014 5:58am Jul 4, 2014 5:58am
Quoting LITEchild
{quote} It compares the strength of each currency Vs the entire selection of currencies...antage. {image}
Thanks LITE for the good explanation. To make sure i get this one right you have to watch for currencies that have crossed & that are diverging at an angle most from one another. ?
Be the change that you want to change
  • #1,055
  • Jul 4, 2014 6:03am Jul 4, 2014 6:03am
Quoting mubinirl
Can someone please confirm my CSM is same as theirs on H4 period. And also briefly explain its use that would be great {image}
This is my CSM H4.
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Per aspera ad astra
  • #1,056
  • Jul 4, 2014 6:03am Jul 4, 2014 6:03am
Quoting mubinirl
{quote} Thanks LITE for the good explanation. To make sure i get this one right you have to watch for currencies that have crossed & that are diverging at an angle most from one another. ?
Care has to be taken using the strength meter. It doesnt give you entries or trade direction. It just gives you a sense of momentum shifts and boundaries with respect to ranging, trending or breakout scenarios. Use them in conjunction with strong S/R levels.
  • #1,057
  • Jul 4, 2014 6:04am Jul 4, 2014 6:04am
Quoting mubinirl
Can someone please confirm my CSM is same as theirs on H4 period. And also briefly explain its use that would be great {image}
what you can look for also in csm
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Attached Image
  • #1,058
  • Jul 4, 2014 6:07am Jul 4, 2014 6:07am
Quoting jpadvisor
{quote} This is my CSM H4. {image}
Ditto JP..thanks man for positing..
Be the change that you want to change
  • #1,059
  • Jul 4, 2014 6:17am Jul 4, 2014 6:17am
Nihilist, This GU H4, this is good for short or wait for current candle to close, ADX looks loosing momentum for long
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  • #1,060
  • Jul 4, 2014 6:23am Jul 4, 2014 6:23am
Quoting Chak de FX
Nihilist, This GU H4, this is good for short or wait for current candle to close, ADX looks loosing momentum for long {image}
using nihilist indis you need always to wait for candle close for entry.
in this case you dont have yet proper adx strenght down reveling it self yet on h4.
monitor nihilist ultra adx multi time frame, when you see all lower time frames powered up short from m1 to the time chart you are monotoring then thats your best entry
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