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csDash (currency strength meter)

  • #101
  • May 8, 2015 8:30am May 8, 2015 8:30am
i'm going to keep sharing my ideas and hopefully you guys make a great ea for the benefit of all......

not directing this at honest but in general: to all that still don't want to share their code..i do understand and respect your postition. I really do. but . than please just p.m. me the mql the reason i ask is because i trade with real accounts. i don't think anyone would put real cash on something that is hidden. what if you die or disappear and i need an updated version? i mean c'mon guys..... i think it s only fair that all working hard share together..... i'm not selfish....
anyway back to the ideas:

here ya go ..... attached


give some time to this all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: currency strategies.PNG Size: 101 KB
Click to Enlarge Name: correlation secrets revealed.PNG Size: 101 KB
  • #102
  • May 8, 2015 9:15am May 8, 2015 9:15am
Quoting dagoods
i'm going to keep sharing my ideas and hopefully you guys make a great ea for the benefit of all...... not directing this at honest but in general: to all that still don't want to share their code..i do understand and respect your postition. I really do. but . than please just p.m. me the mql the reason i ask is because i trade with real accounts. i don't think anyone would put real money on something that is hidden. i think it sonly fair that all working hard share together..... i'm not selfish.... anyway back to the ideas: here ya go ..... attached...
Thanks for your post dagoods.

In the past, MQL4 was ridiculously easy to decompile. Invariably, any executable you freely shared would eventually find its way onto some scam site being sold. Or, modified and broken but still carrying your name. Hence why many people were unwilling to share anything over the internet. Daily I see decompiled code on forums

Coding big projects can literally take hundreds of hours. I think many non-coders don't comprehend how long these things can take. And that doesn't even cover the years of study to learn how to do it in the first place. What may take 5 minutes to conjure up as an idea can take a huge amount of time to bring into fruition (only for the coder to discover the initial person lost interest, or the idea had absolutely no merit whatsoever). But now I have digressed. To speed things up, many coders will build up libraries of their custom code. These libraries will be the product of years of hard work, and for some the basis of their living as a coder.

The problem with sharing the source code is that all of your associated libraries gets revealed. Years of coding totally unrelated to the indicator will be handed out simply because it is in the same library. A complex encryption algorithm ends up being shared with the world in an indicator that tells you what time it is in Tokyo... not ideal!

Think of it this way: some coders are happy to share idea X but want to keep ideas Y and Z private (perhaps Y and Z are the ideas of someone else who doesn't want to share with the whole world). The same way some traders are happy to share Strategy A but not strategies B and C.

The issue with the internet is that once something is "out there", there is often no way to get it back or switch it off if it is wrong or abused.

Now that Metaquotes have made their protection more robust, you will find more coders willing to share their executables for the benefit of all. This is a good thing. Before, many people didn't share anything because they couldn't protect their code.

You'll also find more and more people on the forums happy to dedicate hours and hours coding for the benefit of others, but will not share their source code for the reasons I've outlined above. Often, we don't even use the stuff we code. We just do it to help other people or we find it an interesting challenge.

But, I do understand your concern with knowing what is inside the blackbox. I would be exceedingly cautious with any trading EA that I didn't write or can't check. At least with csDash, you can manually check the data yourself at any time to verify its integrity. It is time consuming (which is why we automate things) but it can be done.

All you need is the formula:

(bid-low) / (high-low)


And the factoring:

0.00-0.03 = 0

0.03-0.10 = 1

0.10-0.25 = 2

0.25-0.40 = 3

0.40-0.50 = 4

0.50-0.60 = 5

0.60-0.75 = 6

0.75-0.90 = 7

0.90-0.97 = 8

0.97-1.00 = 9


I hope that has helped to answer some of the questions about why I don't generally share my source code (with some exceptions)
  • #103
  • May 8, 2015 9:23am May 8, 2015 9:23am
Quoting honestknave
{quote} Thanks for your post dagoods. In the past, MQL4 was ridiculously easy to decompile. Invariably, any executable you freely shared would eventually find its way onto some scam site being sold. Or, modified and broken but still carrying your name. Hence why many people were unwilling to share anything over the internet. Coding big projects can literally take hundreds of hours. I think many non-coders don't comprehend how long these things can take. And that doesn't even cover the years of study to learn how to do it in the first place. What...
I'm pretty sure i've more hours in than you.... I for one understand completely...what you are saying

I share regardless of those types of concerns that is the choice i've made


See my examples above Thanks!

You are The goods!
  • #104
  • May 8, 2015 7:06pm May 8, 2015 7:06pm
Quoting paws
A fantastic piece of work Andrew! This may not be a relevant factor or practical to even consider, but just a thought: is it worthwhile (or even possible) to consider weighting the relative strength of a currency by some sort of volume? That is, if the volume of EURUSD is twice that of AUDUSD, then the EURUSD would have twice the weighting in calculating the Relative Strength of USD.
I have spent time looking into this. Respectfully I will stand out on a limb and say no. The reason is the only volume we can see is the volume of our own retail broker. There is no compiled volume data for multiple brokers or even more important wholesale bank transactions. So the volume data available to us does not represent the actual volume driving the price. It is pretty useless, may as well flip a coin.

This is an awesome piece of work Honest. I wish I had half your talent for coding. Thank you for sharing. I think you are on to something with the correlation. Something else I have been investigating is the time frame calculation of the strength meters. It is based on a bar as opposed to a fixed time frame. This seems OK for a lagging indicator but for current data it can create large variables. For example price range can be based on a time frame of 0 to 23:59 on a day bar. This is a lot of variance. I could probably figure out the calculations to fix this in MT4 but cannot make it pretty.

Green Pips,
dlouw
  • #105
  • May 9, 2015 2:13am May 9, 2015 2:13am
Quoting dlouw
{quote} I have spent time looking into this. Respectfully I will stand out on a limb and say no. The reason is the only volume we can see is the volume of our own retail broker. There is no compiled volume data for multiple brokers or even more important wholesale bank transactions. So the volume data available to us does not represent the actual volume driving the price. It is pretty useless, may as well flip a coin. This is an awesome piece of work Honest. I wish I had half your talent for coding. Thank you for sharing. I think you are on to something...
Thanks for the input dlouw

If I understand you correctly, I think this is something I have been considering too. Instead of making it based on the D1 bar (which means only 1 hour of data at 01:00 and 23 hours of data at 23:00), make it a rolling 24 hours. Or whatever time frame is chosen. Is that what you were meaning, or have I misunderstood?
  • #106
  • May 9, 2015 7:52am May 9, 2015 7:52am
Quoting honestknave
{quote} Thanks for the input dlouw If I understand you correctly, I think this is something I have been considering too. Instead of making it based on the D1 bar (which means only 1 hour of data at 01:00 and 23 hours of data at 23:00), make it a rolling 24 hours. Or whatever time frame is chosen. Is that what you were meaning, or have I misunderstood?

sounds great guys! Thanks!
  • #107
  • May 10, 2015 3:01pm May 10, 2015 3:01pm
Quoting honestknave
{quote} Thanks for the input dlouw If I understand you correctly, I think this is something I have been considering too. Instead of making it based on the D1 bar (which means only 1 hour of data at 01:00 and 23 hours of data at 23:00), make it a rolling 24 hours. Or whatever time frame is chosen. Is that what you were meaning, or have I misunderstood?
Bingo honestknave! This is it. Based on iHighest, iLowest and Close. This could not easily be done in the original .xls sheets but with MT4 it is possible. I believe this will give us more stable and accurate indicators.
  • #108
  • May 12, 2015 4:20pm May 12, 2015 4:20pm
Quoting dlouw
{quote} Bingo honestknave! This is it. Based on iHighest, iLowest and Close. This could not easily be done in the original .xls sheets but with MT4 it is possible. I believe this will give us more stable and accurate indicators.
I'll definitely look into this, I'm going to be a bit tied up for the next few weeks but I'll crack on as soon as I get the chance.
  • #109
  • May 14, 2015 2:41am May 14, 2015 2:41am
Quoting honestknave
I had a chance to look over csDash this weekend and have made some changes. There is nothing wrong with the old csDash, so if you dont like the changes you can continue to use the old version. I haven't tested the new version on an open market, so my apologies in advance if some glitches become apparent. It is now an indicator (not an expert) Why? You can only add 1 expert per chart but you can add numerous indicators. What does this mean? You need to put csDash.ex4 into your Indicators folder. The visuals are more configurable Why? User preference....

Hi honestknave:
If it's possible, please add an option so we can select to start the indi in condensed or expanded mode.
Many thanks again!
pax
  • #110
  • May 14, 2015 4:23pm May 14, 2015 4:23pm
So I had a little time to address the minor issues but not enough to look at the rolling option discussed previously

Version 1.10
Changed spread display from points to pips
Added option for the default view (expanded or condensed)
Added email alert option
Attached File(s)
File Type: ex4 csDash.ex4   119 KB | 1,255 downloads
  • #111
  • May 15, 2015 3:01am May 15, 2015 3:01am
Quoting honestknave
So I had a little time to address the minor issues but not enough to look at the rolling option discussed previously Version 1.10 Changed spread display from points to pips Added option for the default view (expanded or condensed) Added email alert option {file}
Hi honestknave

Thanks for changes - like the default view choice

Thanks
Don't limit yourself!!
  • #112
  • May 15, 2015 3:14am May 15, 2015 3:14am
Quoting honestknave
So I had a little time to address the minor issues but not enough to look at the rolling option discussed previously Version 1.10 Changed spread display from points to pips Added option for the default view (expanded or condensed) Added email alert option {file}
Hi honestknave
Will it be a major issue to build in a pair selection option which will allow you to select favoured pairs ie (EU,EJ,GU,GJ,AU,AJ,NU,NJ) difficult for me to track these pairs amongst the full panel of 28 pairs all jumping up and down. If possible can you also let this dashboard flag a Buy/Sell signal when the strength difference reach +2,56 or -2,56 (Nasap's value his system uses to filter out if the market or currency pairs are ranging or trending)
Kooza
  • #113
  • May 15, 2015 9:32am May 15, 2015 9:32am
Quoting honestknave
So I had a little time to address the minor issues but not enough to look at the rolling option discussed previously Version 1.10 Changed spread display from points to pips Added option for the default view (expanded or condensed) Added email alert option {file}
Very cool. Thanks for the update!
  • #114
  • May 16, 2015 7:41am May 16, 2015 7:41am
Quoting honestknave
So I had a little time to address the minor issues but not enough to look at the rolling option discussed previously Version 1.10 Changed spread display from points to pips Added option for the default view (expanded or condensed) Added email alert option {file}
Great update !
Thanks honestknave !
  • #115
  • May 16, 2015 12:24pm May 16, 2015 12:24pm
Quoting mosiskv
{quote} Hi honestknave Thanks for changes - like the default view choice Thanks
Glad you like it
  • #116
  • May 16, 2015 12:31pm May 16, 2015 12:31pm
Quoting Kooza
{quote} Hi honestknave Will it be a major issue to build in a pair selection option which will allow you to select favoured pairs ie (EU,EJ,GU,GJ,AU,AJ,NU,NJ) difficult for me to track these pairs amongst the full panel of 28 pairs all jumping up and down. If possible can you also let this dashboard flag a Buy/Sell signal when the strength difference reach +2,56 or -2,56 (Nasap's value his system uses to filter out if the market or currency pairs are ranging or trending) Kooza
Hello Kooza,

Selecting pairs might be something I can do in the future, when I get some more time.

You can set the strength differential for alerts as you like:
Attached Image (click to enlarge)
Click to Enlarge Name: diff.png Size: 111 KB

You can also set the lower threshold to 0 and the upper threshold to 10. That means you will only get alerts on the strength differential.

However, I've just noticed an alert glitch which I'll look at and post up a new version later on.
  • #117
  • May 16, 2015 12:32pm May 16, 2015 12:32pm
Quoting ShomariG
{quote} Very cool. Thanks for the update!
You're welcome

Quoting pax
{quote} Great update ! Thanks honestknave !
Thanks pax
  • #118
  • May 16, 2015 2:24pm May 16, 2015 2:24pm
Version 1.11

Fixed: alerting fault (no buy alerts generated)
Attached File(s)
File Type: ex4 csDash.ex4   119 KB | 1,642 downloads
  • #119
  • May 16, 2015 2:30pm May 16, 2015 2:30pm
Quoting honestknave
{quote} Hello Kooza, Selecting pairs might be something I can do in the future, when I get some more time. You can set the strength differential for alerts as you like: {image} You can also set the lower threshold to 0 and the upper threshold to 10. That means you will only get alerts on the strength differential. However, I've just noticed an alert glitch which I'll look at and post up a new version later on.
Hi Honestknave,
Thanks for the informative feedback and for unselfishly sharing your dashboard with us
Kooza
  • #120
  • May 17, 2015 9:49am May 17, 2015 9:49am
Quoting honestknave
Version 1.11 Fixed: alerting fault (no buy alerts generated) {file}
It's not appearing on the chart, and it's in Expert folder. Is anyone experiencing dis?. Thanks Honestnave
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