Re: MT4 Indicator requests and ideas

18512
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.
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Re: MT4 Indicator requests and ideas

18513
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. :eh:
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Re: MT4 Indicator requests and ideas

18514
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
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters


Re: MT4 Indicator requests and ideas

18520
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
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