Glad to help when I can.
Can someone fix this currency strength indicator? 37 replies
Currency Strength Indicator 1 reply
Help with CC currency strength indicator 0 replies
Individual Currency Strength indicator 1 reply
Derived Currency Strength Indicator from multiple pairs 0 replies
DislikedOk, here it is. I'm not the best programmer and I struggled to get it to do what I wanted so don't expect any suggestions to be added, unless it's really easy and I'm bored. If I screwed something up, I'll fix it. I added some notes to explain what to do. If you want 1 full day, just set all StartHours to your start day hour and MaxBars to 1441. I have it set for all 3 sessions and MaxBars 151 (2.5 hours). This does NOT adjust for DST so remember that. I don't know what will happen if your GMTOffset is negative. Mine is 0 or 3. I did change the...Ignored
Disliked{quote} Many many thanks! Thats what I need! In fact your indicator already made money to me this morning. You can easily see that the strongest currency down the GBP is. Rising currencys around LDN open is the YEN and AUD. So I decided just to grab the GBP/JPY for 15 pips. Actually a 10 year old kid do this. My initial idea was to add the strength indi to Udine's 00 Level Trading method because to identify flat markets as we had yesterday with GJ. Thanks again for coding so short term {image}Ignored
Dislikedattached below is the new strength meter i had made which you may or may not find of some use. As before, please note i am not a coder in any way shape or form; i have merely paid a coder to make something as per my instructions.......so i can not make any modifications to this, but others are free to. This strength meter measures the overall strength of a currency on a "percentage" basis when compared to the other major currencies, and it measures this on a tick by tick basis rather than using moving averages as is the case with the cc indicators...Ignored
DislikedHey eric, thank you very much for your work you've done here! Could you do us the favor and explain the settings the indicator brings with itself? Im just a bit struggeling in setting it up cheersIgnored
DislikedI am hoping I can improve the use of currency strength indicators, but before I proceed I would like to know if what I'm proposing is even possible and if so, how practical/easy to implement. The typical strength indicators will give some representation of how much a currency has moved compared to all other currencies it's matched with, and of course this let's you see if typically the USD is strong when compared to other currencies. These indicators will let you identify a strong currency and a weak one, and then you can select the corresponding...Ignored
Disliked{quote} I like this indicator and use it a lot: when the weakest currency in oversold, starts moving up again, and another from over bought going down...... Can you tell me where I can such an indicator with GOLD metal included. As I am trading the GOLD-XAUUSD intensily?Ignored
Disliked{quote} I like this indicator and use it a lot: when the weakest currency in oversold, starts moving up again, and another from over bought going down...... Can you tell me where I can such an indicator with GOLD metal included. As I am trading the GOLD-XAUUSD intensily?Ignored
Disliked{quote} Can you show a pic to explain how you use it? Thanks. I'm not sure if Gold can be added but I'll look at it when I have time. However MT4 only allows 8 lines so you would have to remove one of the other currencies.Ignored
Disliked{quote} Gd idea. Thanks. But how do I remove a currency out of the 8 and repolace by XAU/GOLD?Ignored
DislikedOk, here it is. I'm not the best programmer and I struggled to get it to do what I wanted so don't expect any suggestions to be added, unless it's really easy and I'm bored. If I screwed something up, I'll fix it. I added some notes to explain what to do. If you want 1 full day, just set all StartHours to your start day hour and MaxBars to 1441. I have it set for all 3 sessions and MaxBars 151 (2.5 hours). This does NOT adjust for DST so remember that. I don't know what will happen if your GMTOffset is negative. Mine is 0 or 3. I did change the...Ignored
Disliked{quote} ericjschroed, thank you for the amendment to this indicator. Just have one question, the GMT offset parameter is self explanatory, but what time zone figure do we put in the Tokyo, London and NY start time parameter? Local time, Broker time or GMT time? Thanks and much appreciated.Ignored
Disliked{quote} Well thanks, I started doing this... How many times did you change the pair in F4..... Everywhere?Ignored
Disliked{quote} Only 2 changes are needed: replace CHF with XAU in the currencies list and add ,XAUUSD to the ShowSignal list. THat's itIgnored
Disliked{quote} Thanks Eric. I started to implement your suggestions, but I am stuck. Plse comment on enclosed worddoc explanation with screen copies. Thanks in advance. {file}Ignored
Disliked{quote} I don't know why you are looking at CCFp, that is not the indicator in this topic that I am referring to. Also, the ones not visible in F4 is because you do not have a MQ4 file, only the EX4 so you cannot edit those. Note the different color of the dots in the Navigator list.Ignored