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Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 7:49 pm
by Ogee
ffsss wrote: Wed May 10, 2023 6:21 pm
I have a question, is it possible to make a "currency strenght" like indicator for symbols that are not currencies? For example indices like US30 etc? Or not because it doesnt have a versus like EUR vs USD?
Not seen anything like that, forex is a 2 way market (one currency vs another) but indices are stand alone, weighted grouping of stocks in the exchange's national currency. The big indices tend to move in unison because big companies are international and will rise if the general economy is booming and because of money flow.
For example, at different points of the economic cycle money will flow into stocks (and indices a proxy for stocks) and out of bonds or cash, and at other times the reverse will happen.
You will see disparity if a particular country's economy is having difficulties and is going in a different direction but generally they will be moving the same way.
Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 8:19 pm
by andrei-1
ffsss wrote: Wed May 10, 2023 6:21 pm
I have a question, is it possible to make a "currency strenght" like indicator for symbols that are not currencies? For example indices like US30 etc? Or not because it doesnt have a versus like EUR vs USD?
The strength of currencies is a comparison of the opposites of EUR/USD.
What is the opposite of indexes? Bonds? Yes, this is taught to small young investors (portfolio 60/40). Bonds ~ cash with a small bonus.

Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 8:32 pm
by Chickenspicy
Ogee wrote: Wed May 10, 2023 7:49 pm
Not seen anything like that, forex is a 2 way market (one currency vs another) but indices are stand alone, weighted grouping of stocks in the exchange's national currency. The big indices tend to move in unison because big companies are international and will rise if the general economy is booming and because of money flow.
For example, at different points of the economic cycle money will flow into stocks (and indices a proxy for stocks) and out of bonds or cash, and at other times the reverse will happen.
You will see disparity if a particular country's economy is having difficulties and is going in a different direction but generally they will be moving the same way.
also known as trading the sea of red or green
idk if it works with stuff outside of forex
but good idea to have multiple correlated pairs moving together
Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 9:31 pm
by Chickenspicy
may someone please make the pairs select only one symbol? such as AUD, instead of AUDJPY moving average
thank you for your time! im hoping this will be a universally usable indicator so instead of having to use pair correlations can use individual
Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 9:46 pm
by ffsss
Chickenspicy wrote: Wed May 10, 2023 8:32 pm
also known as trading the sea of red or green
idk if it works with stuff outside of forex
but good idea to have multiple correlated pairs moving together
What is the white arrow indicator?
Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 9:58 pm
by Chickenspicy
ffsss wrote: Wed May 10, 2023 9:46 pm
What is the white arrow indicator?
uni cross
t3 & tma not bad if you confirm it
Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 10:26 pm
by ffsss
Chickenspicy wrote: Wed May 10, 2023 9:58 pm
uni cross
t3 & tma not bad if you confirm it
what is t3?
Re: MT4 Indicator requests and ideas
Posted: Wed May 10, 2023 10:42 pm
by Chickenspicy
ffsss wrote: Wed May 10, 2023 10:26 pm
what is t3?
the mother of jurik
Re: MT4 Indicator requests and ideas
Posted: Thu May 11, 2023 3:42 am
by Naughty 77
Dear Mr Tools
Would you kindly please consider adding a full set of the latest averages( g channel,deviation scaled etc) to this wonderful indicator,hoping it can be done to this particular indicator with the shift option already included.
Kind regards
Naughty 77
Re: MT4 Indicator requests and ideas
Posted: Thu May 11, 2023 5:00 am
by ffsss
And how about making the indicator capable of working in crypto? Right now it doesnt work, only non currency that works is XAUUSD but it could work on BTCUSD or ETHUSD right?