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Recent Strength indicator

  • #601
  • Mar 14, 2014 2:23pm Mar 14, 2014 2:23pm
Quoting hanover
{quote} 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. {image}
Hi hanover i just download 2 alpari UK MT4 when i put the recent strenght indi to both alpari uk MT4
they give diff strenght on currency take a look for example GBP on the pix below:
Attached Image (click to enlarge)
Click to Enlarge Name: alpariuk#1.png Size: 48 KB

Attached Image (click to enlarge)
Click to Enlarge Name: alpariuk#2.png Size: 50 KB
  • #602
  • Edited Mar 15, 2014 1:20am Mar 14, 2014 5:07pm | Edited Mar 15, 2014 1:20am
Quoting Forexbuster
{quote} Hi hanover i just download 2 alpari UK MT4 when i put the recent strenght indi to both alpari uk MT4 they give diff strenght on currency take a look for example GBP on the pix below: {image} {image}
Some possible reasons:

1. Different parameter settings.

2. Different or missing price data from different br0kers. Check individual price charts for all pairs that contribute to a given line plot, and make sure that they are identical across the two br0kers. Or even better, press F2 to get MT4 History Center, export the data for all contributing pairs, and then use Excel (or another file comparison tool) to compare the data in the files.

3. Br0kers offering different pairs. Example: if NZDCAD is not offered by one of the br0kers, then obviously its NZD and CAD plot lines will be different, since it is not gathering all of the same data. Find a br0ker that offers all 28 pairs.

4. You have not waited long enough for the indicator to gather the necessary data (allow at least 30 minutes).

5. Perhaps the indicator no longer works correctly on MT4 build 600 onward (see note, and also terms and conditions, in post #1). Find another strength indicator — some suggestions in post #1.

6. As a general rule, if you are running exactly the same software on the same data, then logically you should get the same result. If both software and data setups are identical, then this points to a possible fault elsewhere, e.g. virus, firewall, operating system, hardware.

This is my final post in this thread. I am no longer using MT4. People will need to find their own solutions.
  • #603
  • Apr 3, 2014 12:41am Apr 3, 2014 12:41am
Hi Hanover
First of all great job with this indicators ,really saved me from unwanted trades.
Thank you !!!
  • #604
  • Jun 9, 2014 8:23am Jun 9, 2014 8:23am
Hi Hanover
I know you no longer using MT4,but can you modify your shell test1.mq4 to made it work for your CSM indicator by reading the csv file,please?

only need it to run in MT4 build 509 or earlier version.
  • #605
  • Jul 2, 2014 7:22am Jul 2, 2014 7:22am
Hi guys,

I know Hanover isn't coding anymore, however i'm asking this out of interest to other users of this indicator.

I am using the indicator shown here and it works like it should, however i'm just wondering if there is an option to see the average strength and weakness of the currencies at the end of the indicator etc;, rather than having to manually figure out which currency is the strongest vs the weakest accross all the time-frames.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 28 KB
  • #606
  • Jul 3, 2014 2:14am Jul 3, 2014 2:14am
@sunyc1982: sorry, I'm no longer doing any more MT4 coding.

@ReyesWhite: apart from the Trend Summary (shown in your screenshot), there's no other averaging process along the lines of what you described. However, the source code is available (see post #541) if anybody wishes to modify it. There are also links to many other strength indys in the green text in post #1.
  • #607
  • Jul 3, 2014 6:48am Jul 3, 2014 6:48am
Thanks for the reply, and thanks for the indicator as well. It's quite useful.
  • #608
  • Jul 3, 2014 9:49pm Jul 3, 2014 9:49pm
does anyone know if it uses same as Xmeter but just from different time. I want xmeter to be from 1 minute and 5 minute together but is not the same as csm-XLS they say in more forums i read. i have ferrufx csm but sometimes only shows 0 so need help from this
  • #609
  • Jul 4, 2014 5:23am Jul 4, 2014 5:23am
Quoting demateo
does anyone know if it uses same as Xmeter but just from different time. I want xmeter to be from 1 minute and 5 minute together but is not the same as csm-XLS they say in more forums i read. i have ferrufx csm but sometimes only shows 0 so need help from this
The calculations in both Recent Strength and CSM (in this thread) were my own design. I have never used Xmeter.
  • #610
  • Jul 4, 2014 8:11pm Jul 4, 2014 8:11pm
Quoting hanover
{quote} The calculations in both Recent Strength and CSM (in this thread) were my own design. I have never used Xmeter.
Oh yes now I see this i read the entire post now sorry and its good for sharing
  • #611
  • Aug 19, 2014 5:49pm Aug 19, 2014 5:49pm
mark
Outcome is not important at all, but correct technique is what only matters
  • #612
  • Aug 20, 2014 11:57am Aug 20, 2014 11:57am
Hi guys!

I dont think mine is working as it should. At the "old" recent strength I get 0 values on the higher TF.

(And on the recent strength ont he monthly far the GU os the strongest while on the CS it's only in the middle.

Any tips?

Thanks in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 124 KB
It's all psychology...
  • #613
  • Edited 2:36pm Aug 20, 2014 2:15pm | Edited 2:36pm
Quoting LamerTrader
Hi guys! I dont think mine is working as it should. At the "old" recent strength I get 0 values on the higher TF. (And on the recent strength ont he monthly far the GU os the strongest while on the CS it's only in the middle. Any tips? Thanks in advance! {image}
Looks like both are working perfectly to me**. And if you're running MT4 build that's 600 or later, that's something of a miracle.

The values you get depend on your parameter settings (and the price data supplied by your br0ker). With RS indy you can pretty much re-shape/re-scale the plots any way that you wish. Both indicators use a very different set of calculations, hence the different results. EVERYTHING is explained either in post #1, and/or the links in post #1 — the settings, the calculations, everything. Post #7 gives a detailed description on how the RS indy calculates and re-scales the values to fit inside a 0-100 range (like Stochastic, RSI etc).

[EDIT] [** with one small exception. There is data missing on the higher timeframes. In post #1, read the paragraph beginning "Note that it might take 15-30 minutes to build the plots from your br0ker's servers........" for more information.]
  • #614
  • Aug 22, 2014 1:38pm Aug 22, 2014 1:38pm
Quoting hanover
{quote} Looks like both are working perfectly to me**. And if you're running MT4 build that's 600 or later, that's something of a miracle. The values you get depend on your parameter settings (and the price data supplied by your br0ker). With RS indy you can pretty much re-shape/re-scale the plots any way that you wish. Both indicators use a very different set of calculations, hence the different results. EVERYTHING is explained either in post #1, and/or the links in post #1 — the settings, the calculations, everything. Post #7 gives a detailed...
Thank you Sir!
Have a great weekend!
It's all psychology...
  • #615
  • Nov 24, 2014 2:26pm Nov 24, 2014 2:26pm
Hi hanover, thanks for sharing the indicators. i have downloaded the currency strength.xls but it does not open in my comp . i have the error that ( the file format is not valid) . i 'll appreciate if you could help me to fix the problem.

green pips to you
  • #616
  • Nov 25, 2014 2:54am Nov 25, 2014 2:54am
Quoting kasrafx
Hi hanover, thanks for sharing the indicators. i have downloaded the currency strength.xls but it does not open in my comp . i have the error that ( the file format is not valid) . i 'll appreciate if you could help me to fix the problem. green pips to you
I have not provided any xls files (Excel spreadsheets), only MT4 indicators. The output files that the indicators optionally produce are not xls files, either. Perhaps you have posted in the wrong thread?

Both the RS and CSM indicators work fine on my computer (AxiTrader build 600 and Windows 7 Home Premium SP1). I can not test or troubleshoot on different computers. If you have a friend who is a computer consultant, maybe he can help you.
  • #617
  • Nov 25, 2014 4:22am Nov 25, 2014 4:22am
Quoting hanover
{quote} I have not provided any xls files (Excel spreadsheets), only MT4 indicators. The output files that the indicators optionally produce are not xls files, either. Perhaps you have posted in the wrong thread? Both the RS and CSM indicators work fine on my computer (AxiTrader build 600 and Windows 7 Home Premium SP1). I can not test or troubleshoot on different computers. If you have a friend who is a computer consultant, maybe he can help you.
Thanks hanover for your reply, the indicators i mentioned are posted in this thread (post#54)
  • #618
  • Nov 25, 2014 12:27pm Nov 25, 2014 12:27pm
Quoting kasrafx
{quote} Thanks hanover for your reply, the indicators i mentioned are posted in this thread (post#54)
I don't understand. The xls in post #54 opens without any problem for me, even if I use Excel 97. See screenshot.

The indicator in post #54 does not use the .xls. It works separately to provide a similar result. It was coded prior to build 600, and probably won't compile in build 600 or later. Delete the .mq4 file and try the attached .ex4 file instead.
Attached Image (click to enlarge)
Click to Enlarge Name: PPI 121.png Size: 98 KB
Attached File(s)
File Type: ex4 Currency Strength - Giraia.ex4   13 KB | 899 downloads
  • #619
  • Nov 25, 2014 1:39pm Nov 25, 2014 1:39pm
Quoting kasrafx
Hi hanover, thanks for sharing the indicators. i have downloaded the currency strength.xls but it does not open in my comp . i have the error that ( the file format is not valid) . i 'll appreciate if you could help me to fix the problem. green pips to you
Hello kasrafx, to get work .xls you have to check Enable DDE server under tools option as shown in the image below.
So far try to open currency strength.xls after Enable DDE it should work.
Regards,
Moti
Attached Image
  • #620
  • Nov 26, 2014 7:26am Nov 26, 2014 7:26am
Thanks a lot hanover and Motiram.
I'll try them
green pips to you
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