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Currency-Strength is a very good indicator, but not by itself only. You need to combine signals from BOTH Currency-Strength AND some kind of Volume indicator. Without Volume indication – the movement is erratic, ranging, or very short and misleading. Volume is the thing that drive price. G.
I agree with gg53.
My tests so far are successful, but there are problems. I got stuck in some trades that ended up working my way, but i would not trade like this in my live account. The reason is that on occasion, the indicator will re-position. So, what effectively I am doing is guessing tops sometimes…I have contemplated using higher timeframes but then the signals often come way to late. By adding gadi volume indicators seems to give a very nice confirmation of the original signal, and prevents me from jumping the gun. I might try to bring all this under Kiads OHLC or 7 lines as a base for visual reference. For targets, I am still using fib pivots. On a signal, I open several trades, then aim for the pivots in that direction, moving SL accordingly. Overall, its a diamond in the rough, but very very promising. The key is to adapt it IMO.Best,
Michael
By adding gadi volume indicators seems to give a very nice confirmation of the original signal, and prevents me from jumping the gun. I might try to bring all this under Kiads OHLC or 7 lines as a base for visual reference. For targets, I am still using fib pivots. On a signal, I open several trades, then aim for the pivots in that direction, moving SL accordingly. Overall, its a diamond in the rough, but very very promising. The key is to adapt it IMO. Best, MichaelIf you use OHLC MA lines, you won t even need currency strenght indie.– OHLC MA for big pictue/higher TF PA– volume indie for momentum directionAlso, try to look at higher TF tick volume.Currency-Strength is a very good indicator, but not by itself only. You need to combine signals from BOTH Currency-Strength AND some kind of Volume indicator. Without Volume indication – the movement is erratic, ranging, or very short and misleading. Volume is the thing that drive price. G.
I agree with gg53.
My tests so far are successful, but there are problems. I got stuck in some trades that ended up working my way, but i would not trade like this in my live account. The reason is that on occasion, the indicator will re-position. So, what effectively I am doing is guessing tops sometimes…I have contemplated using higher timeframes but then the signals often come way to late. By adding gadi volume indicators seems to give a very nice confirmation of the original signal, and prevents me from jumping the gun. I might try to bring all this under Kiads OHLC or 7 lines as a base for visual reference. For targets, I am still using fib pivots. On a signal, I open several trades, then aim for the pivots in that direction, moving SL accordingly. Overall, its a diamond in the rough, but very very promising. The key is to adapt it IMO. Best, MichaelHello,
What is said in above post by Edington basically sums it up. Testing this on Demo had sheer moments of brilliance. But, as expected – cannot be sustainable as a free standing unit. The CAD trade proved my suspicion. I agree with the “diamond in the rough” statement. And will continue to look into this. Fortunately, Demo accounts are available to test ideas and to track sustainability. It again goes back to some ideas working well on ranging markets and others doing better when trends are in place.
I have however done some work on another theory in the interim whilst CAD showed me the finger and have started testing that. Going through all time frames but not lower than 15 minutes. I will open a journal to post the testing charts. If you want to – you can have a look. I am opening a journal so that there is no pressure for me to divulge too much for now. For if this shows promise – we go to private group. For information – I am not using any indicators from this site.
Keep on exploring
What do you think of the approach? Maybe we can add color change to the new delta line (slowest) or we may look for the points where delta_fastest crosses delta_slowest. Both options seemed promising to me (but of course I have to develop my mq4 coding skills quite a lot for this).
Not a bad idea at all! The two currency lines aren’t perfect mirrors so looking at the times went delta_fastest cross the delta_slowest and/or when slow_of_first_currency cross fast_of_first_currency and when the slow_of_first_currency_cross fast_of_first_currency_cross in the opposite direction can also give good signals at least to alert us to see if we should take any action
Perhaps someone can make this change and see if it will produce good results. Maybe an arrow when these happen. I wish I had more time to work on all the ideas. Pretty busy these days A small contribution from me. It shows the difference between 2 currency strengths. It requires the indicator: “Currency Multi Power.ex4″ in …/Indicators folder exactly as written. I suggest to use it on top of Gadi_OBV as shown in the example figure. Best regards…
This is excellent work! Same to you Arthur and GG53 as always
Here is an example of how I would think of trading with something like this. Take your regular size order, lets say its .20 lots.. now break it up into 20 parts so .01 lots each.
When the trend is defined (1), start placing 0.01 orders in the direction of the trend. In this example, I would place a long when I see red. I would cash out when the trend looks uncertain (2)
Then you wait, wait for a solid pattern or news to emerge that tells you of the direction, then repeat.
Something like this should work well. I wish I had the time to try but I’m finding more and more reasons to come back to this stuffFocus, Patience, Determination & Order in chaos
I will end for today with the following screenshot
This indicator tends to compress near the limits similar to that of Stochastic indicator because this is a % based indicator. Sometimes it can show divergence really well. Based on one setting, its showing Long biased divergence on EU. But if you look at higher time frames, then its not there and looks bearish. So does that mean a short term long and a long term short? OR is the opposite the truth? The case when the indicator lines are going up but the price goes the opposite direction, is it showing strength of the price and the direction of price to be the leader?
These are things to think about when using this indicator
The way I have seen it, they flip back and forth. The reason being, when you look at EUR/USD you are looking at EUR and USD specifically. Currency strength indicator is based on EURZZZ and USDYYY currencies. Sometimes EURZZZ can be the leading direction, but sometimes USDYYY can be the leading direction. EUR/USD is one on its own so it alone could contain the leading direction for the rest. I hope I am making sense.
Focus, Patience, Determination & Order in chaos
You can’t use the cross of Gadi_OBV and Delta_CMP. The cross shifts depending on the “squeeze” of the chart.
So that is again something that looks good only in hindsight. Oh wait it is even better…I can scroll through the chart and produce a cross everywhere I wish it to be
Indeed. Using both lines filters out very well. Provides much information. Ideally, the best entries are when both are opposed in the extremes, but I have also found it true that if you know the trend direction, you can use the second line to get very accurate entries as well.
Thanks for getting me back into this guy.. I had an idea of looking at the “Currency Multi Power” charts for multiple USD pairs on the same chart and coming up with some way of giving me alerts. I haven’t spent too much time on it. Next week hopefully I will get to tweak it a bit more and make something useful to give me good entries.
So attached is what it looks like now. See a pattern? They all follow the same cycles and looks like governed by USD pretty much. And clearly this is a leading indicator. Using this + a lagging indicator could yield some good entries I think. Based on this USD pairs haven’t made a bottom yet. Could be easy 20pip short
Focus, Patience, Determination & Order in chaos
Thanks for getting me back into this guy.. I had an idea of looking at the “Currency Multi Power” charts for multiple USD pairs on the same chart and coming up with some way of giving me alerts. I haven’t spent too much time on it. Next week hopefully I will get to tweak it a bit more and make something useful to give me good entries. So attached is what it looks like now. See a pattern? They all follow the same cycles and looks like governed by USD pretty much. And clearly this is a leading indicator. Using this + a lagging indicator could yield some good entries I think. Based on this USD pairs haven’t made a bottom yet. Could be easy 20pip short
Hi Saver0,
I see some dots at the lower window (4 colors based on each Pair). May i know the logic behind it to get that dots ?
edit: you have perfect arrows. Are they repaint or not ?
Thanks
I see some dots at the lower window (4 colors based on each Pair). May i know the logic behind it to get that dots ?
It’s just the crosses of fast line over slow line.
edit: you have perfect arrows. Are they repaint or not ?
Yes, it can certainly repaint on the current bar. The better confirmation is when all 4 or at least 3 give the same signal
Focus, Patience, Determination & Order in chaos
Something doesn’t make sense. Hannele asked if the arrows are your signals and you said yes this is where they crossed. Smallcat asked you about the logic of the dots and then he asked you about the repainting of the arrows but you answered that the dots don’t repaint and we should wait for 3 or 4 to give a signal.
For me the arrows look like Fractals based on close with mmmh 5 lower bars before and after.
@Saver0 Something doesn’t make sense. Hannele asked if the arrows are your signals and you said yes this is where they crossed. Smallcat asked you about the logic of the dots and then he asked you about the repainting of the arrows but you answered that the dots don’t repaint and we should wait for 3 or 4 to give a signal. For me the arrows look like Fractals based on close with mmmh 5 lower bars before and after.
Don’t forget that indicator is in early stage of development.
Personally i strongly believe that Saver0 have something strong, we all wait for an indi like that ! Brilliant work !
Yes I know, but Saver0 seems to have mixed up the questions about arrow and dots.
Yes I know, but Saver0 seems to have mixed up the questions about arrow and dots.
It could happen, sometimes when you answer too fast, or when english is not your native language. I’m not worry about that.
Yes I know, but Saver0 seems to have mixed up the questions about arrow and dots.
Yes, so sorry.. I did get it mixed up.. in my head arrows registered as arrow codes in programming. I don’t think the fractal arrows even registered in my head. The arrows on the bar chart is the i-Fractals indicator that I shared a while back on close file.
The indicator that I’m working on is the one with 4 colored dots on the second chart window. This is where the Currency Multi Power fast crossed the slow. I’m working on a strategy where I combine these signals with RZs to trade against the bar direction to make a quick few 1-3pips like the way EURUSD was trading when he demonstrated the TZ concept. I will share this indicator if I manage to get some good use out of it and when I’m done
Focus, Patience, Determination & Order in chaos
Hello Brothers,
I just want to share an observation. So far I have been experimenting with this indicator using the “stochastic” approach. I have had success, but also some problems i have previously described. But looking at the indi, I noted the following. What if instead of looking at OB and OS levels as I have been doing from the start, we look at the relation between the slow lines as a relation between PA and future direction perhaps/value/whatever. Similarly what Saver0’s basket value indi. I label the red line as current price, green as future?
Perhaps I drank too much and the heat is melting my brain. lol
Best, Michael
Good observations. What you need now is standard deviation bands for the red and green lines and when they get too far apart then it is time to entre a trade to the green line.
Good observations. What you need now is standard deviation bands for the red and green lines and when they get too far apart then it is time to entre a trade to the green line.
The best way to do that is to mod the slowest lines to be the constant, and then use another set of lines to show you when to trade. Overlaying any bands or other indies over CMP causes data to change when you scroll… Personally, it may be possible to visually trade this setup. I will give this a closer look when the market will be open. Another observation – huge candles with volume sometimes throw it off and give a “low” reliability signal.
Best,
Michael
What do you think of the approach? Maybe we can add color change to the new delta line (slowest) or we may look for the points where delta_fastest crosses delta_slowest. Both options seemed promising to me (but of course I have to develop my mq4 coding skills quite a lot for this).
Not a bad idea at all! The two currency lines aren’t perfect mirrors so looking at the times went delta_fastest cross the delta_slowest and/or when slow_of_first_currency cross fast_of_first_currency and when the slow_of_first_currency_cross fast_of_first_currency_cross in the opposite direction can also give good signals at least to alert us to see if we should take any action
Perhaps someone can make this change and see if it will produce good results. Maybe an arrow when these happen. I wish I had more time to work on all the ideas. Pretty busy these days A small contribution from me. It shows the difference between 2 currency strengths. It requires the indicator: “Currency Multi Power.ex4″ in …/Indicators folder exactly as written. I suggest to use it on top of Gadi_OBV as shown in the example figure. Best regards…
Hi BalrogTrader,
Can you please check if the Delta_CMP indicator is still working. It just does not load for me most of the time i.e. even when it loads MT4 gets stuck and eventually crashes.
I do have the Currency Multi Power indicator in the indicator folder as downloaded from the first post. And I have also subscribed to all the 28 pairs.
In short I am able to get the Currency Multi Power indicator to work, however I am unable to get the Delta_CMP indicator to work.Any help would be highly appreciated.
Cheers
Hello – point taken GG53. Will look into it. Thank you. Swissy played nice. Straight back to cover the bar.CAD still out. I staggered entries as we went higher and closed the weaker entries on the initial decline after the first false break north. Leaving the highest entries in place.Will see how it turns out. Avg entry now @ 1.20523 target 1.2036 ( provision made for spread)
Edit: Price behaviour seems quite abnormal on CAD at the moment. Something’s up.. This is gonna be fun. 
Not abnormal – behaving as expected… Definite Short… G.
Hi GT
I saw your perfect indicators and would like to trade with these. Can you share it please?
Thanks
My tests so far are successful, but there are problems. I got stuck in some trades that ended up working my way, but i would not trade like this in my live account. The reason is that on occasion, the indicator will re-position. So, what effectively I am doing is guessing tops sometimes…I have contemplated using higher timeframes but then the signals often come way to late. By adding gadi volume indicators seems to give a very nice confirmation of the original signal, and prevents me from jumping the gun. I might try to bring all this under Kiads OHLC or 7 lines as a base for visual reference. For targets, I am still using fib pivots. On a signal, I open several trades, then aim for the pivots in that direction, moving SL accordingly. Overall, its a diamond in the rough, but very very promising. The key is to adapt it IMO.
My tests so far are successful, but there are problems. I got stuck in some trades that ended up working my way, but i would not trade like this in my live account. The reason is that on occasion, the indicator will re-position. So, what effectively I am doing is guessing tops sometimes…I have contemplated using higher timeframes but then the signals often come way to late. By adding gadi volume indicators seems to give a very nice confirmation of the original signal, and prevents me from jumping the gun. I might try to bring all this under Kiads OHLC or 7 lines as a base for visual reference. For targets, I am still using fib pivots. On a signal, I open several trades, then aim for the pivots in that direction, moving SL accordingly. Overall, its a diamond in the rough, but very very promising. The key is to adapt it IMO. Best, Michael
Edit: Price behaviour seems quite abnormal on CAD at the moment. Something’s up.. This is gonna be fun. 
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