A quick update to address the problems that some people were having with templates and occasional ghosts left on the screen. {file}
MT4/MT5 EAs/Indicators/Alerts coder
csDash (currency strength meter)
- #201
- Jun 11, 2015 2:52am Jun 11, 2015 2:52am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
- #204
- Jun 11, 2015 9:52am Jun 11, 2015 9:52am
- Joined Jul 2010 | Status: Great hopes make great men | 2,043 Posts
Low Risk Low Stress High Reward High Probability Trades
- #206
- Jun 12, 2015 1:00am Jun 12, 2015 1:00am
- Joined Jul 2010 | Status: Great hopes make great men | 2,043 Posts
Good morning 
Low Risk Low Stress High Reward High Probability Trades
- #208
- Jun 12, 2015 11:53pm Jun 12, 2015 11:53pm
- Joined Nov 2014 | Status: Trader | 1,300 Posts
{quote} Thank you
{quote} Thank you honestknave !
Thanks!
Hey thanks Andrew for the update
{quote} Thanks for update!
Dear HONESTKNAVE Thank you very much for this piece of art. I hardly wait for the new one Best regards Dan
- #209
- Jun 13, 2015 12:13am Jun 13, 2015 12:13am
- Joined Nov 2014 | Status: Trader | 1,300 Posts
This update doesn't "fix" anything. It just allows you to select which of the 28 pairs you want displayed:
Some things to note: 
Please report back any bugs - I haven't had the opportunity to test it very much
Some things to note:
- A pair must be set to show in order to receive alerts for that pair.
- All 28 pairs are still required for the calculations (so the numbers should be exactly the same whether you view 1 or 28 pairs)
- You may see this screen and wonder why the calculations haven't been performed. The reason is that csDash is still waiting for other pairs to update that aren't showing in the list.
Please report back any bugs - I haven't had the opportunity to test it very much
This update doesn't "fix" anything. It just allows you to select which of the 28 pairs you want displayed: {image} Some things to note: A pair must be set to show in order to receive alerts for that pair. All 28 pairs are still required for the calculations (so the numbers should be exactly the same whether you view 1 or 28 pairs) You may see this screen and wonder why the calculations haven't been performed. The reason is that csDash is still waiting for other pairs to update that aren't showing in the list. {image} Please report back any bugs...
Thanks - this is a piece of art! - will try nxt week
Don't limit yourself!!
- #212
- Jun 13, 2015 6:24am Jun 13, 2015 6:24am
- Joined Nov 2014 | Status: Trader | 1,300 Posts
{quote} Hi honestknave Thanks - this is a piece of art! - will try nxt week
- #213
- Jun 13, 2015 6:26am Jun 13, 2015 6:26am
- Joined Nov 2014 | Status: Trader | 1,300 Posts
{quote} false " eur nzd & nza cad " but can not use . please help me This massage {image}
Does your broker offer EURNZD and NZDCAD? If not, unfortuantely csDash will not work for you
- #214
- Jun 13, 2015 6:38am Jun 13, 2015 6:38am
- | Commercial User | Joined Nov 2014 | 3,028 Posts
{quote} All 28 pairs need to be available for csDash... you are only controlling what you see on the screen with "show...". Does your broker offer EURNZD and NZDCAD? If not, unfortuantely csDash will not work for you
Which broke have all pair and demo
- #215
- Jun 13, 2015 8:10am Jun 13, 2015 8:10am
- Joined Nov 2014 | Status: Trader | 1,300 Posts
{quote} thanks Which broke have all pair and demo
Good luck
- #218
- Jun 13, 2015 1:14pm Jun 13, 2015 1:14pm
- Joined Nov 2014 | Status: Trader | 1,300 Posts
Moving into the experimental realm: rolling time frames.
The formula for csDash is well known. It is based around the bid ratio i.e. where is the current Bid relative to the High and Low.
The "problem" with this is that the High-Low range is very narrow at the start of a new bar and slowly gets wider as time progresses.
Consider the classic D1 timeframe that the original Excel spreadsheet used.
Last Friday at 00:05 there was a 6.3 pip range on the D1 bar. This meant that 1 pip of movement was ~16% on bid ratio.
At 04:00 there was a 20.7 pip range on the D1 bar. This meant that 1 pip of movement was ~5% on bid ratio.
And at the close of the D1 bar on Friday, there was a 145.5 pip range on the D1 bar. This meant that 1 pip of movement was <1% on bid ratio
The net result of all of this: things go a bit crazy at the start of a new bar and slowly settle down as time progresses.
What the next version of csDash will let you do is roll timeframes.
So, instead of working from the D1 bar, you can work from the last 24 H1 bars. By doing so, the calculation is always done on 24 hours of data... not however long through the daily bar that time happens to be.
The results will be different during the day, but should show the same figures at the end of the day:
(for the observant ones who spotted that I only used 23 bars - it was a Friday and my broker doesn't have a 23:00 H1 bar but I wanted to show the same result. Normally, this would be set to 24)
If you don't like the idea of rolling timeframes, simply set the timeframe count to 1 and it will behave like it used to.
There have now been 2 substantial changes to csDash without being tested on the open market, so bugs to be expected!
The formula for csDash is well known. It is based around the bid ratio i.e. where is the current Bid relative to the High and Low.
The "problem" with this is that the High-Low range is very narrow at the start of a new bar and slowly gets wider as time progresses.
Consider the classic D1 timeframe that the original Excel spreadsheet used.
Last Friday at 00:05 there was a 6.3 pip range on the D1 bar. This meant that 1 pip of movement was ~16% on bid ratio.
At 04:00 there was a 20.7 pip range on the D1 bar. This meant that 1 pip of movement was ~5% on bid ratio.
And at the close of the D1 bar on Friday, there was a 145.5 pip range on the D1 bar. This meant that 1 pip of movement was <1% on bid ratio
The net result of all of this: things go a bit crazy at the start of a new bar and slowly settle down as time progresses.
What the next version of csDash will let you do is roll timeframes.
So, instead of working from the D1 bar, you can work from the last 24 H1 bars. By doing so, the calculation is always done on 24 hours of data... not however long through the daily bar that time happens to be.
The results will be different during the day, but should show the same figures at the end of the day:
(for the observant ones who spotted that I only used 23 bars - it was a Friday and my broker doesn't have a 23:00 H1 bar but I wanted to show the same result. Normally, this would be set to 24)
If you don't like the idea of rolling timeframes, simply set the timeframe count to 1 and it will behave like it used to.
There have now been 2 substantial changes to csDash without being tested on the open market, so bugs to be expected!
[quote=honestknave;8324890]Moving into the experimental realm: rolling time frames.
Hi honestknave
You ARE moving quickly - seems many permutations are possible
Just to clarify - is the current forming bar included in the eg. 24?
Does the circled pairs with incomplet B/R means it is still forming/not enough data yet?
(I have H4 + 6 in example)
Pls advise
Thanks / Cheers
Hi honestknave
You ARE moving quickly - seems many permutations are possible
Just to clarify - is the current forming bar included in the eg. 24?
Does the circled pairs with incomplet B/R means it is still forming/not enough data yet?
(I have H4 + 6 in example)
Pls advise
Thanks / Cheers
Don't limit yourself!!
- #220
- Jun 14, 2015 4:19am Jun 14, 2015 4:19am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Moving into the experimental realm: rolling time frames. The formula for csDash is well known. It is based around the bid ratio i.e. where is the current Bid relative to the High and Low. The "problem" with this is that the High-Low range is very narrow at the start of a new bar and slowly gets wider as time progresses. Consider the classic D1 timeframe that the original Excel spreadsheet used. Last Friday at 00:05 there was a 6.3 pip range on the D1 bar. This meant that 1 pip of movement was ~16% on bid ratio. {image} At 04:00 there was a 20.7...
