- #1,144
- Jun 5, 2016 7:23am Jun 5, 2016 7:23am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
{quote} New version smStrengthRange09_v2.2 In addition to version 2.1, there is now an indication of the slopes: - Green circle when the first currency rises - Red circle when the first currency falls How to interpret the slopes, is not my problem ... {image} {file}
nice idea swingman. what about an alert when something is on top of the mountain(overbought) and starts to slope downward...OR when something is on the bottom of the valley(oversold) and starts to slope upwards... AND best case scenario both at the same time(ie double gap)... that convergence is potentially way to capture the entire move from top to bottom and bottom to top.... in your pic it would only be the green (at top of its mountain) as it starts to fall against the yellow(at bottom of its valley) as it starts to rise... one could measure against the average or zero for comparison or something.... just an idea thought i'd share
once slope is more than x% and/or Y% for both or something perhaps
- #1,147
- Jun 5, 2016 11:50am Jun 5, 2016 11:50am
A new version for the smStrengthRange indicator. The most members use the CM_Strength indicator to calculate the daily strength of the currencies. The general formula for a pair is: strength=(Close - DailyLow) / (DailyHigh-DailyLow) The arrows which we see on the right site, shows the values of the slope calculated for the last 30 minutes: slope=Strength(Current Minute) - Strength(Current Minute - 30 Minutes) ---------------------------------------------------------------------------------------- I programmed a similar indicator smStrengthRange09_v2.1...
- #1,148
- Jun 5, 2016 11:50am Jun 5, 2016 11:50am
Good morning thank you for your cooperation. Improving the method without leaving the idea is essentially lost. In Post # 1 already I put this 02 indicators in the ZIP folder Leaving here the image of my new setup with the new template (!!! ROBINHO SYSTEM POWER 1X8 BB). I changed the colors of the coins because he was already familiar with the previous colors. We need people to help. Thank you very much. {image} {file}
- #1,149
- Jun 5, 2016 2:57pm Jun 5, 2016 2:57pm
A new version for the smStrengthRange indicator. The most members use the CM_Strength indicator to calculate the daily strength of the currencies. The general formula for a pair is: strength=(Close - DailyLow) / (DailyHigh-DailyLow) The arrows which we see on the right site, shows the values of the slope calculated for the last 30 minutes: slope=Strength(Current Minute) - Strength(Current Minute - 30 Minutes) ---------------------------------------------------------------------------------------- I programmed a similar indicator smStrengthRange09_v2.1...
- #1,152
- Jun 5, 2016 5:22pm Jun 5, 2016 5:22pm
{quote} Tks SWINGMAN, What I liked the most is that now the arrows represent the slope of the lines of SM from BAR to BAR. (very good idea and honestly I have been searching for this feature in others SM for a while !!) I am testing it now and noticed that arrow of currency (example: JPY) keeps moving all the time and is not representing the FLAT state of the arrow. My suggestion for next version (if you decide to improve the indicator) is: -put an option so that the trader can choose if the arrow should represent the last closed candle. (UP, DOWN...
I'm watching new version now....see same thing as Adris....think same about arrows representing last closed candle.
cheers
- #1,160
- Jun 5, 2016 8:21pm Jun 5, 2016 8:21pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
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