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FFx Universal Strength Meter

  • #241
  • May 11, 2016 11:51am May 11, 2016 11:51am
Ferrufx:
Hello, nice to meet you. Nice visual look to the indicator. I have a request for you . I would like to use the currencies strengths in an EA I am developing. Could you please modify the code so that the data window can show these values?

Thank you
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #242
  • May 11, 2016 6:34pm May 11, 2016 6:34pm
Quoting xmess7
Ferrufx: Hello, nice to meet you. Nice visual look to the indicator. I have a request for you . I would like to use the currencies strengths in an EA I am developing. Could you please modify the code so that the data window can show these values? Thank you Jess
Noted in case of an updated version.
MT4/MT5 EAs/Indicators/Alerts coder
  • #243
  • May 14, 2016 5:56pm May 14, 2016 5:56pm
Hi FerruFX, thankyou for your hard work..what is the best broker to use this on?
I am currently using it on GKFX spreadbet platform and am not sure if the indicators is updating correctly
I have all pairs showing and applied the SBsuffix
  • #244
  • May 14, 2016 6:18pm May 14, 2016 6:18pm
Quoting axl
Hi FerruFX, thankyou for your hard work..what is the best broker to use this on? I am currently using it on GKFX spreadbet platform and am not sure if the indicators is updating correctly I have all pairs showing and applied the SBsuffix
The tool isn't limited to specific brokers. As long as you have the datas for all FX pairs in your platform, there should be no problem for the tool to update.
MT4/MT5 EAs/Indicators/Alerts coder
  • #245
  • May 22, 2016 5:49am May 22, 2016 5:49am
Hi FerruFX, Thanks for your great indi, the only problem I have with this indi and other similar indies is that they are not properly shown on HiDpi (4K) displays and fonts are messy and overlap each other, I wonder if you could add font size feature to its setting or let me know how to cope this problem.
Attached Image (click to enlarge)
Click to Enlarge Name: UK100Daily.png Size: 111 KB
  • #246
  • Jun 7, 2016 4:21pm Jun 7, 2016 4:21pm
@FerruFx, I am not sure if you have seen my previous post. The problem is not related to the fonts, the indicator doesn't show properly and texts have overlap on each other. Could you please add option to resize fonts or an option to change distance between strength meters? Appreciate if you could help.
  • #247
  • Jun 7, 2016 6:42pm Jun 7, 2016 6:42pm
Quoting fmaher
@FerruFx, I am not sure if you have seen my previous post. The problem is not related to the fonts, the indicator doesn't show properly and texts have overlap on each other. Could you please add option to resize fonts or an option to change distance between strength meters? Appreciate if you could help.
The problem is related to the high definition (4k). While MT4 claim to have made new build compatible with 4k, display still has problem.

Font size won't solve the issue as it's the whole tool display which need to be recoded for 4k ... unless MT4 find a solution to make the platform fully compatible.

The only solution so far is to adjust your resolution ... but the tool might be a bit small.
MT4/MT5 EAs/Indicators/Alerts coder
  • #248
  • Jun 7, 2016 6:46pm Jun 7, 2016 6:46pm
Yes, this is what I would guess. here is the trick i used, looks funny but that was the only solution. Numbers are still unreadable.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFH1.png Size: 96 KB
  • #249
  • Jun 7, 2016 6:56pm Jun 7, 2016 6:56pm
Quoting fmaher
Yes, this is what I would guess. here is the trick i used, looks funny but that was the only solution. Numbers are still unreadable. {image}
I see ... Hoping now MT4 will work on the resolution issue to standardize its display. A real global solution is needed here.
MT4/MT5 EAs/Indicators/Alerts coder
  • #250
  • Jun 8, 2016 12:19pm Jun 8, 2016 12:19pm
Hi FerruFx, if I put the following setting with the same strength mode:

Strength Period: 6
Strength TimeFrame: 4H

Strength Period: 24
Strength TimeFrame: 1H

I see absolutely diffident strengths for currencies while for both the calculation is based on 24 Hrs of PA, could you please clarify this?
  • #251
  • Jun 8, 2016 6:49pm Jun 8, 2016 6:49pm
Quoting fmaher
I see absolutely diffident strengths for currencies while for both the calculation is based on 24 Hrs of PA, could you please clarify this?
If you are using the price candles as strength mode, the result on the chart is the exact same. Just tried on my platform.
MT4/MT5 EAs/Indicators/Alerts coder
  • #252
  • Jun 9, 2016 4:18am Jun 9, 2016 4:18am
Quoting FerruFx
{quote} If you are using the price candles as strength mode, the result on the chart is the exact same. Just tried on my platform.
That's right but if strength mode changed to RSI, ADX or whatever for a 24Hr calculation the combination of 24x1H and 6x4H gives completely different results, I am on 1H charts and confused which of these should be applied to my charts.
  • #253
  • Jun 9, 2016 4:50am Jun 9, 2016 4:50am
Quoting fmaher
{quote} That's right but if strength mode changed to RSI, ADX or whatever for a 24Hr calculation the combination of 24x1H and 6x4H gives completely different results, I am on 1H charts and confused which of these should be applied to my charts.
You can't compare with the other modes (indicators). Example, there's no relation for a MA between H1 and H4. Like all indicators.
MT4/MT5 EAs/Indicators/Alerts coder
  • #254
  • Jun 11, 2016 8:52am Jun 11, 2016 8:52am
Quoting fmaher
{quote} That's right but if strength mode changed to RSI, ADX or whatever for a 24Hr calculation the combination of 24x1H and 6x4H gives completely different results, I am on 1H charts and confused which of these should be applied to my charts.
You can't compare RSI with ADX and expect it will bear same result.

Even if you put RSI and ADX in your chart, it will be completely different altogether.

Search for the weak (est) vs the strong (est). You don't want to trade:

1. Strong vs less strong
2. Weak vs less weak

Read this thread to get a picture of it. Money flows: Trading the strongest / weakest major currency cross

Quoting FerruFx
{quote} You can't compare with the other modes (indicators). Example, there's no relation for a MA between H1 and H4. Like all indicators.
Dear Ferru. I have one question.

If i choose 'price' for the calculation, how will it be measured? For example, if we look upon GBP, are we using some averaging of GBP's between all its seven pairs? GBPUSD, GBPCHF, GBPAUD, GBPCAD, GBPNZD, GBPJPY and EURGBP? Just want to make sure things as i'm also using CSDash from honestknave, and currency strength Giraia.

Thank you
  • #255
  • Jun 11, 2016 9:29am Jun 11, 2016 9:29am
Quoting redwed
{quote} Dear Ferru. I have one question. If i choose 'price' for the calculation, how will it be measured? For example, if we look upon GBP, are we using some averaging of GBP's between all its seven pairs? GBPUSD, GBPCHF, GBPAUD, GBPCAD, GBPNZD, GBPJPY and EURGBP? Just want to make sure things as i'm also using CSDash from honestknave, and currency strength Giraia. Thank you
The tool is based on the common strength calculation used since many years in almost all strength meters. The original calculation is from well known Tom Yeomans.

And yes, each currency takes all related pairs for calculation.
MT4/MT5 EAs/Indicators/Alerts coder
  • #256
  • Jun 11, 2016 10:18am Jun 11, 2016 10:18am
Quoting redwed
{quote} You can't compare RSI with ADX and expect it will bear same result. Even if you put RSI and ADX in your chart, it will be completely different altogether. Search for the weak (est) vs the strong (est). You don't want to trade: 1. Strong vs less strong 2. Weak vs less weak Read this thread to get a picture of it. Money flows: Trading the strongest / weakest major currency cross {quote} Dear Ferru. I have one question. If i choose 'price' for the calculation, how will it be measured?...
What I meant to say is, for example if we pick RSI mode and then open two dashboard, one with 24x1H (period x time-frame) and the second with 6x4H the results for a 24hrs cycle is completely different but both are using RSI strength mode. Sorry, I am not a Forex expert and my question is just get better understanding of how this tool works.
  • #257
  • Jun 11, 2016 10:37am Jun 11, 2016 10:37am
Quoting FerruFx
{quote} The tool is based on the common strength calculation used since many years in almost all strength meters. The original calculation is from well known Tom Yeomans. And yes, each currency takes all related pairs for calculation.
Ok. Thank you for the clarification!
  • #258
  • Jun 11, 2016 10:47am Jun 11, 2016 10:47am
Quoting fmaher
{quote} What I meant to say is, for example if we pick RSI mode and then open two dashboard, one with 24x1H (period x time-frame) and the second with 6x4H the results for a 24hrs cycle is completely different but both are using RSI strength mode. Sorry, I am not a Forex expert and my question is just get better understanding of how this tool works.
Oh. get it.

I understand what confusing you.

Below i attached 2 chart of AU. One is 4h and other 1 is Daily.

I highlighted one uptrend area from h4. And that same area remain the same in Daily chart. The RSI's setting is the same in both tf.

Attached Image (click to enlarge)
Click to Enlarge Name: this is h4.png Size: 14 KB


Attached Image (click to enlarge)
Click to Enlarge Name: this is d1.png Size: 16 KB


It will not be the same as data for each period is not the same. H4 in a daily got 6 opens - 6 highs - 6 lows and 6 close. Daily only 1 respectively.

Some people tend to trade higher tf's to avoid 'noises'. And you can see it from the example given above. Noise (as some would called them) can be seen in the RSI shape in h4.

Good luck with using USM!
  • #259
  • Jun 13, 2016 8:28pm Jun 13, 2016 8:28pm
Quoting redwed
{quote} Oh. get it. I understand what confusing you. Below i attached 2 chart of AU. One is 4h and other 1 is Daily. I highlighted one uptrend area from h4. And that same area remain the same in Daily chart. The RSI's setting is the same in both tf. {image} {image} It will not be the same as data for each period is not the same. H4 in a daily got 6 opens - 6 highs - 6 lows and 6 close. Daily only 1 respectively. Some people tend to trade higher tf's to avoid 'noises'. And you can see it from the example given above. Noise (as some would called them)...

Great, thanks for your clarification. Farhad.
  • #260
  • Sep 1, 2016 9:49am Sep 1, 2016 9:49am
in my personal experience with FFx Universal Strength Meter pro(paid version) i think its a great tool, I use moving average as a strength mode. Out of 8 pairs, the USD pair is the strongest meaning, If the USD pair hits 8.0 threshold then any pair associates with USD like( GBPUSD, EURUSD, USDCAD and etc) will have a very strong Bullish or bearish trend. The second strongest( correct me if i'm wrong) is the GBP pair. I will continue do more tests on the indicator and find out the Top 8 strongest pairs since USD and GBP are the strongest.

@Ferrufx or anyone, Do you have the Top 8 strongest pairs list?
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