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FFx Universal Strength Meter

  • #321
  • Apr 9, 2017 5:16am Apr 9, 2017 5:16am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Fedos
Hello! Can you please explain how does exactly this indi metters "Strength"? What does mean "Strength"? Strong trend, probability of strong move or something else?
Each currency uses all related pairs in the calculation. The strength formula is the same than almost all strength related tools and use the original from Tom Yeomans more than 10 years ago.
MT4/MT5 EAs/Indicators/Alerts coder
  • #322
  • Apr 15, 2017 3:40am Apr 15, 2017 3:40am
Quoting FerruFx
{quote} I see ... Hoping now MT4 will work on the resolution issue to standardize its display. A real global solution is needed here.
Hi, thank you for creating an outstanding indicator and also for including all my favorite oscillators! I´ve dug deeply into Bill Williams ideas of trading this past week!
Now back to this issue again. I think more and more peoples, including myself are ending up with high resolution screens, macbooks in windows have the same problem. Would it be possible to precede Metaquotes, and make a switch for "high dpi", that simply doubles the dashsize and increases space between the staples?
If you do a quick fix on this, i promise to assist you with tests as soon as possible. I don´t know what your policies on this is, but if you´re ok with sending the source code, that would also be an alternative and I would be glad to support with some coding myself.
Best regards
  • #323
  • Apr 17, 2017 9:14am Apr 17, 2017 9:14am
Quoting FerruFx
{quote} Each currency uses all related pairs in the calculation. The strength formula is the same than almost all strength related tools and use the original from Tom Yeomans more than 10 years ago.
Please give me the best template setting.... for H4, D1 W1 ,M1
CHECK MY TE !
  • #324
  • Apr 17, 2017 9:22am Apr 17, 2017 9:22am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Bricktr4der
{quote} Hi, thank you for creating an outstanding indicator and also for including all my favorite oscillators! Ive dug deeply into Bill Williams ideas of trading this past week! Now back to this issue again. I think more and more peoples, including myself are ending up with high resolution screens, macbooks in windows have the same problem. Would it be possible to precede Metaquotes, and make a switch for "high dpi", that simply doubles the dashsize and increases space between the staples? If you do a quick fix on this, i promise to assist you...
There's a quick fix for this:

- PC display settings > 1920 x 1080 + Full Screen checked
- Terminal.exe > Properties > Compatibility tab > Disable display scaling on High DPI
- Restart PC + platform

The dashboard display perfectly as it should.
MT4/MT5 EAs/Indicators/Alerts coder
  • #325
  • Apr 17, 2017 9:23am Apr 17, 2017 9:23am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting aimsttrader
{quote} Please give me the best template setting.... for H4, D1 W1 ,M1
I don't have specific template.

I personally use the default settings with M15 + H4 timeframes.
MT4/MT5 EAs/Indicators/Alerts coder
  • #326
  • Apr 19, 2017 2:27pm Apr 19, 2017 2:27pm
I just downloaded the links from Post #1 and I was wondering what was the best setting for this indi? Candles? MA? CCI? It seems like no matter what settings i use the indi is only showing a couple pairs (if any) above "0"........Most of the pairs say "0". I'm sure it's something simple. I'm new to trading and I want to start my strategy off with Currency Strengths. Anyone have any advice as to what Currency Strength Indi is best for a beginner (if not this one).
  • #327
  • Apr 19, 2017 6:19pm Apr 19, 2017 6:19pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting bojack34
I just downloaded the links from Post #1 and I was wondering what was the best setting for this indi? Candles? MA? CCI? It seems like no matter what settings i use the indi is only showing a couple pairs (if any) above "0"........Most of the pairs say "0". I'm sure it's something simple. I'm new to trading and I want to start my strategy off with Currency Strengths. Anyone have any advice as to what Currency Strength Indi is best for a beginner (if not this one).
You should be fine to start with the default settings.
MT4/MT5 EAs/Indicators/Alerts coder
  • #328
  • Apr 19, 2017 6:44pm Apr 19, 2017 6:44pm
Quoting FerruFx
{quote} You should be fine to start with the default settings.
OK, TY SIR!
  • #329
  • Apr 19, 2017 7:15pm Apr 19, 2017 7:15pm
Quoting FerruFx
{quote} You should be fine to start with the default settings.
Do I have to change the Strength Period if I want to change the Strength TimeFame? If so, what is the setting for each TF? I attached a picture of what the strength meter looks like after I downloaded the link. This can't be right. This is using default settings.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 97 KB
  • #330
  • Apr 19, 2017 7:31pm Apr 19, 2017 7:31pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting bojack34
{quote} Do I have to change the Strength Period if I want to change the Strength TimeFame? If so, what is the setting for each TF? I attached a picture of what the strength meter looks like after I downloaded the link. This can't be right. This is using default settings. {image}
Your broker is providing pairs with suffix ... so you must set the suffix in the indicator parameters.
MT4/MT5 EAs/Indicators/Alerts coder
  • #331
  • Apr 19, 2017 7:39pm Apr 19, 2017 7:39pm
Quoting FerruFx
{quote} Your broker is providing pairs with suffix ... so you must set the suffix in the indicator parameters.
VOILA!!! TY SIR!
  • #332
  • Edited 9:37pm Apr 19, 2017 7:40pm | Edited 9:37pm
Quoting FerruFx
{quote} Your broker is providing pairs with suffix ... so you must set the suffix in the indicator parameters.
If I want to trade on the 1 HR TF, what TF should I be looking at and/or using on the Strength Meter? I'm sure that's probably discretionary but what would be the most common?
  • #333
  • Apr 19, 2017 10:45pm Apr 19, 2017 10:45pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting bojack34
{quote} If I want to trade on the 1 HR TF, what TF should I be looking at and/or using on the Strength Meter? I'm sure that's probably discretionary but what would be the most common?
Yes you can set it like your current chart ... You can also look at a higher TF like Daily to have a longer term view.
MT4/MT5 EAs/Indicators/Alerts coder
  • #334
  • Apr 19, 2017 11:25pm Apr 19, 2017 11:25pm
Quoting FerruFx
{quote} Yes you can set it like your current chart ... You can also look at a higher TF like Daily to have a longer term view.
Thank you.
  • #335
  • Apr 19, 2017 11:43pm Apr 19, 2017 11:43pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting bojack34
{quote} Thank you.
MT4/MT5 EAs/Indicators/Alerts coder
  • #336
  • Apr 21, 2017 4:25am Apr 21, 2017 4:25am
Quoting FerruFx
{quote} I don't have specific template. I personally use the default settings with M15 + H4 timeframes.
Hi FerruFx, Thanks for the indi, im trading from 5MIN chart, just some adivce from you, since you use default setting with M15+H4 , do you make sure the M15 and H4 strength both to be green/red to take the trade? ,hope you can highlight slightly more on this.

Thank you
Early bird gets the worm
  • #337
  • Apr 21, 2017 4:35am Apr 21, 2017 4:35am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting forexbandit7
{quote} Hi FerruFx, Thanks for the indi, im trading from 5MIN chart, just some adivce from you, since you use default setting with M15+H4 , do you make sure the M15 and H4 strength both to be green/red to take the trade? ,hope you can highlight slightly more on this. Thank you
Yes when both TFs have a good difference between the 2 currencies (in opposite to each other) ... That's what I am looking at.
MT4/MT5 EAs/Indicators/Alerts coder
  • #338
  • Apr 21, 2017 4:50am Apr 21, 2017 4:50am
Quoting FerruFx
{quote} Yes when both TFs have a good difference between the 2 currencies (in opposite to each other) ... That's what I am looking at.
Something like this for GBPCHF

Thanks
Attached Image
Early bird gets the worm
  • #339
  • Apr 21, 2017 5:34am Apr 21, 2017 5:34am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting forexbandit7
{quote} Something like this for GBPCHF Thanks {image}
Based on the H4, I would only look at buying the GBP vs CAD/JPY ... waiting a confirmation on the M15.
MT4/MT5 EAs/Indicators/Alerts coder
  • #340
  • Apr 21, 2017 5:46am Apr 21, 2017 5:46am
Quoting FerruFx
{quote} Based on the H4, I would only look at buying the GBP vs CAD/JPY ... waiting a confirmation on the M15.
Thank you buddy
Early bird gets the worm
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