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FFx Universal Strength Meter

  • #261
  • Sep 10, 2016 2:53pm Sep 10, 2016 2:53pm
dear sir hello i am new in this trading field please guide me how i can upload this currency meter on metatrader4?
  • #262
  • Sep 12, 2016 3:09am Sep 12, 2016 3:09am
Just discovered this one after looking around for strength meters, looks by far the best one I have found so far, it's very nicely coded by the looks of it. I like the different calculation methods and the ability to add a prefix or suffix to the pair names (since my broker uses odd names this was very useful!).

Now this has been around a while, does anyone have any views on which calculation method seems to provide the most accurate results? I have mostly been using MA and price bars. Right now it is showing as CAD is a 10 using price candles 1h and 24h, but that definitely is not right so I switched back to MA. I am intraday only so trying to find the right balance that it gives strengths that are current enough to still be relevant intraday but not so short term they will completely flip in the space of 5 minutes. I am trying 1h with a strength period of 5 and MA left on the default of 5 at the moment.
  • #263
  • Sep 12, 2016 3:26am Sep 12, 2016 3:26am
Quoting ewokuk
Just discovered this one after looking around for strength meters, looks by far the best one I have found so far...
Thank you for your kind comments ... Very much appreciated.

Quoting ewokuk
Now this has been around a while, does anyone have any views on which calculation method seems to provide the most accurate results?
I personally use the MA 5 (default settings) with a strength period of 24 (default) ... And look at the M15+H4 timeframes.
MT4/MT5 EAs/Indicators/Alerts coder
  • #264
  • Sep 12, 2016 3:31am Sep 12, 2016 3:31am
Quoting sr872408
dear sir hello i am new in this trading field please guide me how i can upload this currency meter on metatrader4?
Sorry for late reply. Just saw your message. Seems like the thread notification didn't worked!

To answer your question, copy the file in the platform folder then restart the platform or refresh the indicators list in the platform left panel.

Be sure to open the right folder before copying the file : from the opened platform > File > Open Data Folder > MQL4 > Indicators
MT4/MT5 EAs/Indicators/Alerts coder
  • #265
  • Sep 12, 2016 9:11am Sep 12, 2016 9:11am
I am wondering if it is possible to get extra options for placing of the indicator. I see here that the giraia indicator can be positioned in any corner and in other windows which I found really useful because then I can easily move it to another corner without having to try to adjust the xy coordinates (which also doesn't work well if you resize the window or use it on another screen), and even put it on another window like I can move it to the left side of a CCY histogram window to keep it out of the way.

Quote
string WindowCornerHposVposVspacing = "0,TL,10,20,18"; // Window, Corner, Start Hpos, Start Vpos, Vert Spacing
This determines where on the chart the values will be displayed. Enter 5 parameters, separated by commas:
1. Window#: 0 is the chart window; 1, 2, 3 are the first, second and third sub-windows below the chart, etc
2. Which corner of the window: TL = top left, TR = top right, BL = bottom left, BR = bottom right
3. Starting horizontal position in pixels, relative to the corner
4. Starting vertical position in pixels, relative to the corner
5. Vertical spacing between each row, in pixels (should be greater than the font size)

If this sort of thing can be added I think it would be very useful (and I guess not too hard to implement? there is mq4 with the code already in it from the giraia indicator from hanover in the link above ).

Apart from that it's really good, the only other options I can think of that might be useful is the ability to make it smaller or bigger somehow, and maybe the ability to make it transparent but these might be difficult.
  • #266
  • Oct 1, 2016 1:04am Oct 1, 2016 1:04am
Greetings everybody..

Thanks to Ferrufx for providing such a good indicator. I've been using USM for quite a long time, got some very satisfactory results using default settings. generally i use 4 as difference value to determine strong and weak. my rules are -

1. USM showing strong and weak
2. qqe signal appeard.
3. take profit 10% of adr.
4. exit trade when opposite signal appeared.
5. no trade before and after 1 hour of important news.

it works good but sometimes get delayed entry and ends up in a loss. loss can't be avoided but i'm trying to get the best entry possible. I need you guys suggestion to improve trading based on the strength meter. Below I'm attaching the indicators i use for trading.

Thanks...
Attached Image (click to enlarge)
Click to Enlarge Name: Entry.png Size: 44 KB
Attached File(s)
File Type: rar Indicators.rar   274 KB | 942 downloads
File Type: rar Template.rar   14 KB | 757 downloads
  • #267
  • Oct 17, 2016 4:28am Oct 17, 2016 4:28am
Good morning FerruFx,

thank you providing and sharing this indicator, which imo is a very useful tool.

Working on a template I noticed, that if I delete the USM, there still remain some
parts on the chart, the 8 currency descriptions and 8 unreadable small parts.
Looking into the 'Objects List', there is nothing shown left of the USM.
Any idea, where to find those leftovers to delete? - Thank you!

josch
trading is war - life is simple
  • #268
  • Oct 17, 2016 4:51am Oct 17, 2016 4:51am
Quoting josch
Good morning FerruFx, thank you providing and sharing this indicator, which imo is a very useful tool. Working on a template I noticed, that if I delete the USM, there still remain some parts on the chart, the 8 currency descriptions and 8 unreadable small parts. Looking into the 'Objects List', there is nothing shown left of the USM. Any idea, where to find those leftovers to delete? - Thank you! josch
Weird ... In the objects list, click "list all" and delete the ones left (if any).
MT4/MT5 EAs/Indicators/Alerts coder
  • #269
  • Oct 17, 2016 5:20am Oct 17, 2016 5:20am
Thank you - I already deleted all objects, but didn't click the
'List all'. Apparently some USM-objects there still were hided.

josch
trading is war - life is simple
  • #270
  • Oct 19, 2016 8:37am Oct 19, 2016 8:37am
Hi FerruFx,

You have a great indicator. I rely on it a lot. I trade the 15m time frame. I wait for one of the currencies to reach "0" and match it with the strongest currency and enter the trade on that pair. However it requires staring at the screen endlessly.
Is it possible to add a pop-up and sound alert when a particular currency reaches "0", That would be really helpful.
Thank you.
  • #271
  • Oct 19, 2016 9:02am Oct 19, 2016 9:02am
Quoting rajandaas
Hi FerruFx, You have a great indicator. I rely on it a lot. I trade the 15m time frame. I wait for one of the currencies to reach "0" and match it with the strongest currency and enter the trade on that pair. However it requires staring at the screen endlessly. Is it possible to add a pop-up and sound alert when a particular currency reaches "0", That would be really helpful. Thank you.
When you are at the extrem 0/10, you can even look for reversal ... Both might happen at these areas ... strong trend continuation or reversal. That's very nice to observe the price at these areas.

I sent a PM about your question on the alert.
MT4/MT5 EAs/Indicators/Alerts coder
  • #272
  • Nov 13, 2016 5:43am Nov 13, 2016 5:43am
Hi FerruFx
Thanks for the great work. And the design of the indicator
1 - What is the difference between the two periods . ( image )
2 - when you choose. day and strength period 1 . What is the difference . with day and strength period 12
Thanks sir
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 90 KB
  • #273
  • Nov 13, 2016 6:30am Nov 13, 2016 6:30am
Quoting ahhamidz
Hi FerruFx Thanks for the great work. And the design of the indicator 1 - What is the difference between the two periods . ( image ) 2 - when you choose. day and strength period 1 . What is the difference . with day and strength period 12 Thanks sir {image}
Period is for the indicator calculation. Example you chose ADX period 14, meaning the tool will use ADX 14 for its calculation.

Strength Period is for the strength calculation. Meaning it will look X candles back for its calculation.
MT4/MT5 EAs/Indicators/Alerts coder
  • #274
  • Nov 13, 2016 6:54am Nov 13, 2016 6:54am
Quoting FerruFx
{quote} Period is for the indicator calculation. Example you chose ADX period 14, meaning the tool will use ADX 14 for its calculation. Strength Period is for the strength calculation. Meaning it will look X candles back for its calculation.
Thanks master
  • #275
  • Nov 13, 2016 7:04am Nov 13, 2016 7:04am
Quoting FerruFx
{quote} Thank you for your kind comments ... Very much appreciated. {quote} I personally use the MA 5 (default settings) with a strength period of 24 (default) ... And look at the M15+H4 timeframes.
Hi,

What time frame do you trade since you look at the M15 and H4 time frames. Thank you for all that you are doing here for all of us
  • #276
  • Nov 13, 2016 8:19am Nov 13, 2016 8:19am
Quoting rajandaas
{quote} Hi, What time frame do you trade since you look at the M15 and H4 time frames. Thank you for all that you are doing here for all of us
M15 and below.
MT4/MT5 EAs/Indicators/Alerts coder
  • #277
  • Nov 14, 2016 6:45am Nov 14, 2016 6:45am
Hi Ferru - I have tried to place the Universal strength indicator in the under chart indicator box, but failed. Is there a way to do this please?
Also the same for your Multi info THV if possible.
Thanks
George
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFM15.png Size: 27 KB
  • #278
  • Nov 14, 2016 7:15am Nov 14, 2016 7:15am
Quoting 2george
Hi Ferru - I have tried to place the Universal strength indicator in the under chart indicator box, but failed. Is there a way to do this please? Also the same for your Multi info THV if possible. Thanks George {image}
These tools can be plotted only on the main chart.

BTW, the THV version isn't mine. It's a modified version of the one I developped about 9 years ago! Not sure what are the modifications (visually it's the same). You might like to ask in the THV thread.
MT4/MT5 EAs/Indicators/Alerts coder
  • #279
  • Nov 14, 2016 9:28am Nov 14, 2016 9:28am
Quoting FerruFx
{quote} These tools can be plotted only on the main chart. BTW, the THV version isn't mine. It's a modified version of the one I developped about 9 years ago! Not sure what are the modifications (visually it's the same). You might like to ask in the THV thread.
Maybe it can be something that can be done in the future?
Your Universal strength indi should be even more user friendly when it is shown against a trader's personal trading indicator.
Thanks
George
  • #280
  • Nov 14, 2016 6:51pm Nov 14, 2016 6:51pm
Quoting 2george
{quote} Maybe it can be something that can be done in the future? Your Universal strength indi should be even more user friendly when it is shown against a trader's personal trading indicator. Thanks George
Noted George ... in case of future update.
MT4/MT5 EAs/Indicators/Alerts coder
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