Beautiful very beautiful
Re: Trend Indicators
171Don't confuse My Confidence For Pride, And My Joy In What I Do For Arrogance
Beautiful very beautiful
Sir Like this below image bars on chart candles
As far as I see that is not a trend direction index indicator bellow - but an XO indicator.mony wrote:Tue Jun 27, 2017 5:25 pm Sir Like this below image bars on chart candles
Not sure but try check Xard777 trading system thread.shaileshm wrote:Fri Jun 30, 2017 7:52 pm is ther any good currency strength indicator which can help deciding on which paires are strongly trending? i havent found a good one yet.
The issue is what is the "strength"?shaileshm wrote:Fri Jun 30, 2017 7:52 pm is ther any good currency strength indicator which can help deciding on which paires are strongly trending? i havent found a good one yet.
I dont know whats the exact formula to be employed, but I guess it will have to look into the pair correlations and see what individual currency is doing.mladen wrote:Sat Jul 01, 2017 12:24 am
The issue is what is the "strength"
If we had some math definition of "strength" then the indicator could be made too
Majority of "strength" indicator I have seen are simply using some range (daily usually) and then they are comparing the current price to that range. Or something very similarshaileshm wrote:Sat Jul 01, 2017 1:45 am
I dont know whats the exact formula to be employed, but I guess it will have to look into the pair correlations and see what individual currency is doing.
Maybe things like these.
It should tell me which currencies are gaining strength, which are flat and which are losing strength. So I can make out which pairs are strongly trending.
This indi kind of works (but also slows down my mt4 for some reason) but I would like to see more stuff like these.
You can use zero as level (set any of the pair of levels to 0) and then it will alerts you on zero crossesTEAMTRADER wrote:Tue Jul 04, 2017 4:17 am I have been trying to get a template indicating the strength of the individual currencies.
The best indicator so far is this one I have attached but it needs to have amendments.
1. Could it be amended to add 'zero' to the crossed levels that create the alert? Also if the code could be checked as the current 'crossing level' alerts rarely seem to work.
2. Could it be amended to add the alert when ONLY the levels are broken BOTH up and down by a single currency? That is not the pairs crossing each other.
2. Could it be amended to remove, temporarily, the pairs crossing alert? The result will only alert when a currency crosses above and below the levels.
Thanks
TEAMTRADER
PS
This is probably the wrong thread to ask for amendments but if it is not accepted please let me know and I will repost.
Thanks
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