MTH – Mod Nihilist Pair Strength Indicator

[Andrei]

Nice ! I think that I have some trouble understanding the entry/exist rules… some ideas ? Thank you

[zahidmahmood]

tor

• This reply was modified 10 years, 11 months ago by zahidmahmood.

[BalrogTrader]

zahidmahmood wrote:

hi kidas please share nihilist pair strength indicator

“Kiads” already shared it in post #1.

Nothing has ever motivated me more than this...

[wolf schiller]

Dear KIADS

I appreciate your work very much! Thanls for all your sharing.

Now I have an idea to add the adjusted indicator to your strength meter which seems to give good signals shartterm if both (your indi and the ASS correlator) agree. I found this indi somewhere but do not remember . My idea is to change the indi in such a way, that only the actual pair is platted which helps to see the crossing much beter. I add a screenshot and the ex file (sorry no mt4 file here).

I hope for your help, if it is possible.

Thanks

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[Shumway]

Hi Kiads.

It’s a great tool You gave us here, unfortunately I can’t make it work with renko bricks. What could be the reason ? they work great in normal timeframes helping pinpoint entry points otherwise.

Thank You, G. Shumway

[MTH2014]

Shumway wrote:

Hi Kiads. It’s a great tool You gave us here, unfortunately I can’t make it work with renko bricks. What could be the reason ? they work great in normal timeframes helping pinpoint entry points otherwise. Thank You, G. Shumway

Hi Brother, Sorry for late reply

Yes, you can’t use  this ‘look up’ higher multi currencies TF indicator in offline chart environment like renko chart, because in MT4  offline chart like renko use special TF file names to store their offline chart data and stupidly MT4 ‘think’ that this name associate with how to ‘framing’ the time.

And because in her calculation this indicator ‘look at’ many currencies pairs in ‘higher TF’ , if you want to use this in offline chart like renko, you should provide all that currencies pairs data also in offline renko charts, so this indicator could ‘look at’ them for her further calculation, and that’s hard work with heavy resources to do.. lol.

Normally with only this Indicator and with good Money Management and Risk handling strategy, you already have great tools for trading, then why you still need ‘renko’ for this ?

On the other side,  with only ‘renko chart’ and good MM you could also create big profit too.. so it is better if you choose one of them.. hehehe, because by combining ‘them’ you only create more longer ‘decision time’ and reduce your probability.

Hope it help and best regards

Happy Trading 

MTH

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Shumway]

Hi @MTH2014 (KIADS)

Thank You for Your insight on that matter :) Yes true it is a great indicator on its own. To be honest I’m on and off forex for last 6 years and since I begun, I always used renko, for me they just feel more natural in some way. I have more spare time now as my job doesn’t require me to work 60+/h a week so I decided to come back to my hobby again. Followed You here from FF btw. Great little cosy forum and I’m glad i stumbled on your ARTS topic which lead me here. Again Thank You for sharing all that goodnes and information.

[MTH2014]

Shumway wrote:

Hi @MTH2014 (KIADS) Thank You for Your insight on that matter :) Yes true it is a great indicator on its own. To be honest I’m on and off forex for last 6 years and since I begun, I always used renko, for me they just feel more natural in some way. I have more spare time now as my job doesn’t require me to work 60+/h a week so I decided to come back to my hobby again. Followed You here from FF btw. Great little cosy forum and I’m glad i stumbled on your ARTS topic which lead me here. Again Thank You for sharing all that goodnes and information.

Thank You Brother @Shumway

Hopefully you could active here in our little home, please feel free to contact me if you want to discuss anything related to our hobby

Best Regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[MTH2014]

Ok Guys, since I’m here in this thread, and one of our brother asking me by pm, what is my trading style.. ? because he following my threads and I share so many indicators and manual trading systems from candlestick chart to renko chart.. etc,  lol.

So, I should explain that I don’t have permanent trading style, it’s always depend on current market condition and my ‘productive time’ to do this amazing hobby.

I could just ‘trade’ for couple of minutes or days or even months.. hehehe, sometime I use many indicators or I could use naked chart and single horizontal line.. for my trading tools..

But whatever I do, there always same ‘rule’ that I always follow; strong and strict Money Management, and go to higher ground to ‘see’ wider horizon  of what happen in current market.

This is only example that I could ‘hold’ my position for months,  In this example you can see that I ‘hold’ my EU position from August, last year.. lol.

I never suggest you to ‘stick’ on your the one and only trading system, I only suggest you to discipline with your money management and risk handling, and for the ‘tools’ you could use anything to support your decision, even you could use ‘dice’ if you comfortable with that.. 

Keep learning, because everyday is a new experience, this is the most simple line of job to do, just up or down but at the same time this is also the most difficult job to handling in the right way..

Happy Trading All…..

MTH

 

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[hannele]

Brother Kiads, you are an inspiration

hannele

[forexeasy]

hannele wrote:

Brother Kiads, you are an inspiration hannele

 

Mind hand over your template please :) ?

[Author]

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