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Can someone fix this currency strength indicator? 37 replies

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Currency Strength Indicator

  • #241
  • Aug 21, 2015 4:01pm Aug 21, 2015 4:01pm
Quoting 919gilead
I was wondering whether any of our great coders can make a MTF version (dashboard) of Flotsom's Strength Meter with exact same settings; and if possible to include alerts with user option when user selected TFs are in agreement. Default can be for the first 3 TFs. I prefer the attached copy It will be used in the same fashion as the MADdash that McLovin referenced above Thank you {file}

is that a relative strength formula?
  • #242
  • Edited 8:10pm Aug 21, 2015 7:57pm | Edited 8:10pm
Quoting dagoods
{quote} is that a relative strength formula?

Much more than that, and you can read post 15 where Flotsom detailed his objective for the indicator. Also read post 79 after his final version.

I have been studying this indicator with the MADdash and think I'm getting close to a super system if someone could help code a MTF Dashboard of it with alert. See how the attached screenshot shows EUR & CHF as the strongest currencies on all TFs with the CAD & AUD the weakest, and NZD joining them after the London session. GBP was one of the weeping currencies during the London session into the US but only reduced weakness toward close of London session.

Shalom

George
Attached Image (click to enlarge)
Click to Enlarge Name: Strength Meter 1 - 8212015.gif Size: 29 KB
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  • #243
  • Aug 23, 2015 7:15pm Aug 23, 2015 7:15pm
George message me, I can do some coding for you
DM if you have any questions
  • #244
  • Aug 24, 2015 7:29pm Aug 24, 2015 7:29pm
Quoting jkrick33
George message me, I can do some coding for you
Thanks Rick, I will send u a PM later as I'm just returning from work & going for snooze so I can trade a bit of the London session.
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  • #245
  • Nov 26, 2015 4:30am Nov 26, 2015 4:30am
I try to find a strength meter based on Close (not Open) and to measure the move in percentage.
We will have the same numbers like on all the measurements made by big boys. The measure will be the same with Reuters and Bloomberg currency pages.
  • #246
  • Dec 28, 2015 3:28am Dec 28, 2015 3:28am
FX Multi Currency Strength Meter 1.2.2.2


Surfing the net I came across this Strenght-Weakness indicator. http://fx-multi-currency-strength-me...ompatible.com/

If anyone has used it please give your input as to how effective is it in real trading. Would like your feed-back.
Attached Image (click to enlarge)
Click to Enlarge Name: 818_screen.png Size: 108 KB
  • #247
  • Jan 7, 2016 11:32am Jan 7, 2016 11:32am
Quoting 919gilead
{quote} Thanks Rick, I will send u a PM later as I'm just returning from work & going for snooze so I can trade a bit of the London session.
Hello. Does your new dashboard already work?
  • #248
  • Jan 7, 2016 11:49am Jan 7, 2016 11:49am
Quoting keansajeweki
{quote} Hello. Does your new dashboard already work?

Yes it does and you can find it on SH's forum
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  • #249
  • Jan 7, 2016 12:24pm Jan 7, 2016 12:24pm
Quoting 919gilead
{quote} Yes it does and you can find it on SH's forum
I'm sorry, but what is SH's forum?, where can i find that?
  • #250
  • Jan 7, 2016 1:23pm Jan 7, 2016 1:23pm
Quoting keansajeweki
{quote} I'm sorry, but what is SH's forum?, where can i find that?

You have to do your research and find out for yourself as I don't want to be accused of promoting another forum on FF, but SH stands for Steve Hopwood, one of the great coders on FF And you may want to read my recent post here too.

Shalom, and God bless

George
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  • #251
  • Jan 7, 2016 2:28pm Jan 7, 2016 2:28pm
Quoting 919gilead
{quote} You have to do your research and find out for yourself as I don't want to be accused of promoting another forum on FF, but SH stands for Steve Hopwood, one of the great coders on FF And you may want to read my recent post here too. Shalom, and God bless George
Thank you very much, It's looking very interesting to me and i will follow you and the development of the dashboard.
God bless you too my friend!
  • #252
  • Jan 7, 2016 2:37pm Jan 7, 2016 2:37pm
Quoting keansajeweki
{quote} Thank you very much, It's looking very interesting to me and i will follow you and the development of the dashboard. God bless you too my friend!
You're welcome
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  • #253
  • Mar 13, 2016 10:13am Mar 13, 2016 10:13am
[Цитата=Супермен;8434777]Привет ребята. Спасибо за этот удивительный индикатор. По-видимому вы много видели все CSDash и MADash (http://www.forexfactory.com/showthread.php?t=545718) потоков? Глядя на MADash и CCFp вместе делает мой день! {изображения}[/Цитата]


Привет друг! Скажи мне, где я могу найти такой индикатор, как у вас в подвале? Что-то я не мог найти его!!!
Attached Image (click to enlarge)
Click to Enlarge Name: CS.png Size: 191 KB
  • #254
  • Mar 20, 2016 5:30pm Mar 20, 2016 5:30pm
Quoting Theserpent
[Цитата=Супермен;8434777]Привет ребята. Спасибо за этот удивительный индикатор. По-видимому вы много...
CCFp Cluster indicator system (http://www.forexfactory.com/showthread.php?t=537581)
  • #255
  • May 5, 2016 12:28pm May 5, 2016 12:28pm
Quoting flotsom
Attached 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...
Thank's for you indicator.... hope that usefull
  • #256
  • Aug 2, 2016 9:27am Aug 2, 2016 9:27am
this is s general question about currency strength meters in mt4. i have read posts saying to make sure all 28 pairs are listed in the market watch window to work properly. but what if i just list the majors? if i am only trading the majors will this suffice or do i need all pairs listed? thanks in advance
  • #257
  • Dec 2, 2016 8:25am Dec 2, 2016 8:25am
Quoting 919gilead
I was wondering whether any of our great coders can make a MTF version (dashboard) of Flotsom's Strength Meter with exact same settings; and if possible to include alerts with user option when user selected TFs are in agreement. Default can be for the first 3 TFs. I prefer the attached copy, which I believe is the one in post 79. {file} It will be used in the same fashion as the MADdash that McLovin referenced above. Anyone willing to assist with this project should please...
Dear 919gilead,
You have my highest respect on all the work and support that you've done for the community. Great work, you are an inspiration.

Would like to ask you, do you still use the StrenghtMeter from flotsom?

And second question, if yes, do you have the MTF version dashboard somewhere available? I checked over at SH forum. I found several dashboards of yours, but all related to MADdash. Sorry for coming up with such a simple thing, there are lots of information everywhere and things get confused sometimes. Hope you can hint me to somewhere to dig deeper, however until now I couldnt find anything. Such a MTF version would be very helpful for me.

Thank you & God bless you
  • #258
  • Mar 19, 2017 9:07am Mar 19, 2017 9:07am
I found couple of very small easy to use currency strength meters for mt4 and i share with the world. My fav is CM Strength (select 240(4H) time frame) it updates the current market moves n definitely useful. for example, lot of time i want to trade commodities pair (AUD or NZD) as i see gold rising, so this strength meter tells me which is better choice... so here i am sharing a few useful indicators for currency strength.

i like spaghetti indicator for currency strength but its confusing to follow which line reps which currency and also this eats up lot of memory of MT4 n slows down your MT4. so DL my indicators they are much easy to view n less memory eat up
Attached File(s)
File Type: mq4 CM Strength.mq4   17 KB | 5,151 downloads
File Type: ex4 sy meter.ex4   17 KB | 3,746 downloads
File Type: ex4 MT4 CURRENCY POWER.ex4   14 KB | 4,132 downloads
File Type: ex4 MINI.ex4   8 KB | 3,461 downloads
File Type: mq4 X-UK.CURRENCY.mq4   11 KB | 4,123 downloads
  • #259
  • Mar 20, 2017 3:32am Mar 20, 2017 3:32am
Quoting nitup
{quote} Dear 919gilead, You have my highest respect on all the work and support that you've done for the community. Great work, you are an inspiration. Would like to ask you, do you still use the StrenghtMeter from flotsom? And second question, if yes, do you have the MTF version dashboard somewhere available? I checked over at SH forum. I found several dashboards of yours, but all related to MADdash. Sorry for coming up with such a simple thing, there are lots of information everywhere and things get confused sometimes. Hope you can hint me to...
Hi Nitup,

Sorry I am just seeing your message as I was not notified until this last post. I use the StrengthMeter on and off as additional confirmation with the MADDY & MADdash but not aware of a MTF version, so I can't help you.

Thank you too, and God bless
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  • #260
  • Mar 20, 2017 10:28am Mar 20, 2017 10:28am
oops here is the MTF version of CM Strength, as suggested select 240 (4h) time frame for good observing of momentum including screenshot for better preview.
Attached Image
Attached File(s)
File Type: mq4 CM_Strength_TF_V1.mq4   20 KB | 4,641 downloads
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