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Recent Strength indicator

  • #701
  • Mar 4, 2016 10:12pm Mar 4, 2016 10:12pm
Quoting guilherme
It would be impossible to write in one line the calculation as it uses hundreds of code lines.
You can have as many calculation statements as you want, then simply assign the final result to ExtBuffer1[i]
The code I posted should work as a 'wrapper' allowing series of values to be plotted via a MQL4 buffer.

Quote
I made it start ploting the values as histogram only after it is attached, because it gives me the same value all candles in the past. So it would look like a horizontal line.
You probably need to calculate the strength value for each given candle (value of i). For example, use Open[i], Close[i], iCustom(........ ,i) etc to calc the value for the i-th value to be plotted. The for loop increases the value of i for each point plotted.

I don't know how your strength calc works, hence I can't help you any further. Perhaps you could post your .mq4 source in one of the "I code your indicators for free" threads, and somebody else will help you. Or if you're willing to pay, you could try MQL or elance.
  • #702
  • Mar 4, 2016 10:31pm Mar 4, 2016 10:31pm
Quoting hanover
{quote} Can you show me how the indicator might be useful? What type of price behavior does it highlight? How could I use it profitably?
hanove, thanks your reply.

DDI is more inclined to show the direction of a long band trend, not easily turn red or turn green.
If MACD does not turn red, only DDI suddenly turned red, then turned red is invalid.

Combined with MACD，MACD+DDI double insurance, double saftely. they are all about PRICE, LONG TREND
and I can send you the software, you can try to use it if or not it's good for you on analysis
(the software http://www.wind.com.cn/NewSite/wft.html)
if you think it's unuseful, i would not bother you again.
thanks a lot.
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  • #703
  • Mar 4, 2016 11:02pm Mar 4, 2016 11:02pm
i have tweaked your indis a bit and they have started made me a fortune. thanks to whoever made them really... it was excellent idea in the first go.
two days results.
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There is only one way to learn. It’s through action.
  • #704
  • Mar 19, 2016 1:45am Mar 19, 2016 1:45am
Question: the recent strength indicator canot work on non-regular TF like H2 or H8 fo example ?
Am I correct ?
  • #705
  • Mar 19, 2016 1:49am Mar 19, 2016 1:49am
Quoting Koopa
Question: the recent strength indicator canot work on non-regular TF like H2 or H8 fo example ? Am I correct ?
You are correct, the indicator works on regular TFs only.
  • #706
  • Mar 21, 2016 4:00am Mar 21, 2016 4:00am
Quoting mahfoozah
i have tweaked your indis a bit and they have started made me a fortune. thanks to whoever made them really... it was excellent idea in the first go. two days results. {image}
@mahfoozah

Would you mind sharing your tweaks with the community?

Thanks!
  • #707
  • Apr 18, 2016 6:17am Apr 18, 2016 6:17am
Hi everyone,

My broker does not allow the use of MT4 build 509.

Does anyone know from which broker can I install MT4 build 509 with realtime data?

I think of using a demo account from that broker.

Please help. Thanks.
  • #708
  • Apr 18, 2016 11:20am Apr 18, 2016 11:20am
Quoting antonym
My broker does not allow the use of MT4 build 509. Does anyone know from which broker can I install MT4 build 509 with realtime data?
Build 509 is obsolete nowadays. I doubt that any br0ker allows its use with a live data feed.

If you're looking for a strength meter indicator, there are links to plenty of alternatives in the green typeface in post #1. These should run on the latest MT4 builds.
  • #709
  • Apr 18, 2016 8:57pm Apr 18, 2016 8:57pm
Quoting hanover
{quote} Build 509 is obsolete nowadays. I doubt that any br0ker allows its use with a live data feed. If you're looking for a strength meter indicator, there are links to plenty of alternatives in the green typeface in post #1. These should run on the latest MT4 builds.
Thank you for the reply. I actually like very much this RS indicator and want to try it. I am sorry to see it becomes obsolete due to the stupid architecture changes by metaquote.

I read your posts and conclude that the currency strength is important for trading. Could you tell me what strength meter are you using now?

Thank you.
  • #710
  • Apr 19, 2016 4:50am Apr 19, 2016 4:50am
Quoting antonym
I actually like very much this RS indicator and want to try it. ......
Could you tell me what strength meter are you using now?
I have both RS and CSM running on Pepperstone MT4 build 950 (see screenshot). But it took me a lot of trial-and-error to get them set up correctly, especially RS. Do NOT install their MQ4 or MQH files. Also, with RS, you will probably need to manually load the data for all 28 pairs x 9 timeframes, as explained here:
Quoting hanover
The next step is optional, but it will ensure that all of the necessary data is loaded from FxPro's servers. I loaded a new chart with no indys attached, and pressed the minus key to zoom out as far as possible. Then I opened the Market Watch window (press Ctrl-M) and dragged the first pair onto the chart, i.e. changing the chart to that pair. Then I cycled thru each timeframe (M1, M5, .... MN), and for each timframe held the PageUp key down for a few seconds until the price window was at least half full of candle data. Then I repeated the whole...
With RS, be sure to read all of the info in post #1.

CSM requires installation of the 'Placard MT Condensed' font.

If you can't get these to work, then you might like to try PSA. It has the benefits described here. But perhaps the best strength meter isn't a MT4 indicator. Alternatively, you could try any of those in the green typeface, like I suggested before.
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  • #711
  • Apr 19, 2016 6:19am Apr 19, 2016 6:19am
Quoting hanover
{quote} I have both RS and CSM running on Pepperstone MT4 build 950 (see screenshot). But it took me a lot of trial-and-error to get them set up correctly, especially RS. Do NOT install their MQ4 or MQH files. Also, with RS, you will probably need to manually load the data for all 28 pairs x 9 timeframes, as explained here: {quote} With RS, be sure to read all of the info in post #1. CSM requires installation of the 'Placard...
I agree, the best strength meter might be to look at the price action of each currency (not pair). The trend, the depth and strength in the retrace, etc.

I want to share this with you:

http://www.forexfactory.com/showthre...47#post8766447

Someone is using a LFX pair (some kind of basket) to gauge the strength of the pair. Looks like some good idea.

Thank you for sharing.
  • #712
  • May 11, 2016 5:43am May 11, 2016 5:43am
Hi! This RS indicator looks great. I've spent a few days going over this thread. I trade the 15 minute timeframe using a breakout strategy. What is the best way to use the RS indicator if you trade 15m?
Look forward to hearing from you!
  • #713
  • May 11, 2016 8:50am May 11, 2016 8:50am
Quoting forexchiq
I trade the 15 minute timeframe using a breakout strategy. What is the best way to use the RS indicator if you trade 15m?
If your question is directed at me: I'm a retired programmer, not a pro trader. But FWIW, I use strength indys to confirm sentiment on the H4/D1/W1 TFs, and pair the strongest currency/ies against the weakest to determine the potentially strongest trends. My entries are based pullbacks to key S/D levels, climax volume, and patterns on (mainly) the M15. It's hard to explain this in mechanical detail, as much of what I do is discretionary, is impacted by FA and is based on whether potential chart setups look 'right' or not.
  • #714
  • Jul 8, 2016 11:44pm Jul 8, 2016 11:44pm
Hello Hanover many thanks for the indicator, l had a problem making it appear on my platform , l use forex.com and the currency pairs are in these format AUDUSDpro, GBPUSDpro, so l think the subscript "pro" maybe the reason why its not appearing, can l get any help please
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  • #715
  • Jul 12, 2016 7:41pm Jul 12, 2016 7:41pm
Quote
I have both RS and CSM running on Pepperstone MT4 build 950 (see screenshot)

David,

I will try to install them on MT4 Build 985.

Hope it works
Don't give up on your dreams. Keep sleeping.
  • #716
  • Dec 6, 2016 12:40pm Dec 6, 2016 12:40pm
The stenght indicator is super.

I was thinking if anybody know a correlation matrix indicator, which isn't based on pair/pair correlation, but currency strenght correlation instead.

With that we would need a smaller table to evaluate the correlation of pairs.
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #717
  • Dec 11, 2016 3:58am Dec 11, 2016 3:58am
Ciao ho un indicatore di forza di valuta molto valida, ma non funziona, si ha una scadenza, perché è abbastanza vecchio
Attached File(s)
File Type: ex4 CCFp-Diff_[v2.0-MTF].ex4   116 KB | 901 downloads
  • #718
  • Dec 11, 2016 9:51am Dec 11, 2016 9:51am
Quoting gianniko
Ciao ho un indicatore di forza di valuta molto valida, ma non funziona, si ha una scadenza, perch abbastanza vecchio
Se pubblichi il file MQ4 su uno dei "I Codice tuoi indicatori gratuitamente da" fili, e spiegare in dettaglio quale sia il problema, forse un altro programmatore vi aiuter. (Sto usando Google Translate, non parlo italiano)
  • #719
  • Dec 11, 2016 10:01am Dec 11, 2016 10:01am
Thanks for the effort ;-)

BTW do you speak English ?
When you reply please do it in the same thread.

Can you try it to compile the file in your build ?
  • #720
  • Dec 11, 2016 12:49pm Dec 11, 2016 12:49pm
I do not have the source code
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