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Attachments: Pair Strength Analyzer indicator
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Pair Strength Analyzer indicator

Quoting moneyflow21
{quote} Hi, could you share the name of the meter that you were using in the bottom right corner of your screenshot or a link to where I can find it? Thanks
There are plenty of CSM right here on FF if you take the the time and make the effort to find them

And PM is probably the best way to ask, just saying

Attached Image (click to enlarge)
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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP Return This Month: -6.2%
Quoting Erebus
{quote} There are plenty of CSM right here on FF if you take the the time and make the effort to find them And PM is probably the best way to ask, just saying {image}
Hi Erebus,

Could you tell me the name of this one >

Attached Image


Loooks great !!!

Take care
Hello hanover, i have one question.

Can we incorporate another tf PSA into the current chart?

If it so, what is the settings we need to change.

I wanted to build something like below:

Attached Image (click to enlarge)
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And all the settings are adjust like the following. Unique ID also have been modified.

Attached Image (click to enlarge)
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Is this the right way to do this?

kind regards!
Quoting redwed
Can we incorporate another tf PSA into the current chart? If it so, what is the settings we need to change. I wanted to build something like below:
It should work OK if you have a different value for UniqueID for each instance of PSA on the same chart. Try it and see.

If you enter TFs like M15, H1, D1 etc, then the TFs that the PSA calculations use are independent of the chart TF, i.e. stay as M15, H1, D1 even if you change the chart TF. However, if you enter TFs like -1, +0, +1, then these are relative to the chart TF. Read the instructions for more detailed information.
Hanover PSA has got a potential at least for filtering or basket trading. Maybe this potential is even better than all well known TMA-based filters like CSS or TMA Naning Bob, Alorente etc. (still what they did was great).

When I used PSA with TMA-based the PSA gave similar results in terms of pointing the direction.

BTW i am absolute ignorant in math or coding, however the method used in PSA (different from TMA-based) may be of great value.

PS I am curious how you use PSA and let this curiosity be un-satisfied, it is more fun
Quoting ffpriceactio
PSA has got a potential at least for filtering or basket trading. Maybe this potential is even better than all well known TMA-based filters like CSS or TMA Naning Bob, Alorente etc.
I'm not familiar with CSS or TMA. If I recall correctly, Nanningbob used some kind of grid trading, but that was years ago.

Quote
When I used PSA with TMA-based the PSA gave similar results in terms of pointing the direction.
Where I believe PSA potentially shines above other strength meters is that it is multi-parametered: i.e. where other meters base their strength calc around a single timeframe or setting (e.g. a moving average), PSA can average the slopes of several regression lines, and across multiple TFs, giving a more balanced, representative view. Nonetheless, change some of PSA's settings and the values it displays can change markedly, simply because price may be rising in one time horizon, and falling in another. Obviously all strength indys reflect any vagaries that exist in price behavior.
[quote=Erebus;7881687]
Erebus> tell me about strength analyse,, in image ,,i have put in my mt4 but not showing bars only showing values.
Attached Image (click to enlarge)
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[quote=yasirhawk;8821022]
Quoting Erebus
Erebus> tell me about strength analyse,, in image ,,i have put in my mt4 but not showing bars only showing values.
1. Did you read the manual as post #1?

2. See the pictures below.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2016-03-18_9-05-48.png Size: 211 KB
If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP Return This Month: -6.2%
[quote=Erebus;8821840][quote=yasirhawk;8821022]{quote}
thanks,
why histogram shows red color histogram when currency is going up ,and green when down??
[quote=yasirhawk;8822205][quote=Erebus;8821840]
Quoting yasirhawk
{quote} thanks, why histogram shows red color histogram when currency is going up ,and green when down??
1. Is the chart with PSA on it the same time frame as the currency you say is going up or down?

2. Can you show an example? Post a picture of what you mean?
If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP Return This Month: -6.2%
Quoting hanover
Pair Strength Analyzer (PSA) This is an indicator that I use as an adjunct to my strength indicators, to confirm strength/weakness by using a very different algorithm.
Hello hanover. I'm glad to have this indicator in my trading tools.

But, if i could ask one more thing. Maybe you want to consider putting alarm/notification if a value is reached?

Thanks for sharing PSA with us.
Quoting redwed
But, if i could ask one more thing. Maybe you want to consider putting alarm/notification if a value is reached?
I might look at this in some future release, but no promises. I'm currently busy with other projects, not sure when I'll get around to anything else.
Quoting aftabshuvo
and also i need to learn from you guys that.....in M5 timframe how can i understand markets situation and direction which should i follow or trade....... {image}
Which indicator is on the chart?
Anyone still using this? Tried to add to chart but only the PSI by Hanover displays. Nothing else. Do I need to do anything other than put the indicator into the indicator folder and attach to chart?
Trade-Emperor
@helper

I use it with no special procedure, just put in indicator folder should work. Maybe try reading first page and check instructions.

Ps. Hanover - after some time of usage i just thought that it is quite reasonable to use "regression style" power indicator when using trendlines or channels or any kind of mean reversion styles. BEST
Hello, @hanover a very big thank you for making this indicator PSA. its a core part of my trading strategy and i have become profitable using it in addition to my own trading strategy. Thanks God bless you. Heres my work for past 4wks. looking forward to the next 4weeks for consistency

https://www.myfxbook.com/portfolio/t...g-beta/1837754

I would like to promote my strategy using your indi as part of my tool box. i need to ask you a few questions privately. pls inbox me. thanks
Quoting hanover
{quote} I might look at this in some future release, but no promises. I'm currently busy with other projects, not sure when I'll get around to anything else.

Hello, @hanover a very big thank you for making this indicator PSA. its a core part of my trading strategy and i have become profitable using it in addition to my own trading strategy. Thanks God bless you. Heres my work for past 4wks. looking forward to the next 4weeks for consistency

https://www.myfxbook.com/portfolio/t...g-beta/1837754

I would like to promote my strategy using your indi as part of my tool box. i need to ask you a few questions privately. pls inbox me. thanks
Eureka Moments
Dear Hanover and the rest,

I am pleased to have this tool tested in MT4 however my pleasure did come to an end since my broker is using cTrader (a different platform than MT4). I am asking every coder in this thread if you can rewrite this indicator in C# which is used in cTrader. That will definitely help a huge slice of traders who are restricted to the platform like myself.

Your kind feedbacks please.
Many thanks
Quoting wasadeq
I am asking every coder in this thread if you can rewrite this indicator in C# which is used in cTrader........Your kind feedbacks please.
There is no benefit to me personally to rewrite the indicator, unless I was to start using cTrader myself.

If PSA is important to you, why not run it on MT4 using a demo account with a second br0ker, while you use cTrader to do your charting/trading with your preferred br0ker? That would work until such time as MT4 is discontinued across the board.

Another possible solution might be to look for platform-independent strength/weakness gauges, like this or this, which would then allow you to perform all of your charting/trading using ANY platform you choose.
Dear Hanover,

Thank you for the kind reply. for the time being I am exactly performing the first solution you proposed until further notice. the other solution could be worth trying too.

Thanks again.
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