Thanks a lot Rafei! I can't test the indicator I am away from home this week, my notebook is just for browsing the internet and on top of that it is linux, if it were windows I could download MT4 and check the indicator. So how do you think ...

An indicator for the strength of a currency

If you wanna know how much time has passed for each bar (or brick) in charts that are not time based, this indicator here will do the trick, and according to David Weis, is a very good proxy for volume: file

Renko Chart - Boxsize and Time Frame

But you don't want the exact max and min values, you want a little bit less. I prefer entering the values myself. Also, this way the indicator is more flexible, you can put any value you want. It is good practice to go back in time and study the ...

An indicator for the strength of a currency

You have experience in searching things using google? Do you put that in your CV? I am sorry but I LOLed..

I will code your EAs and Indicators for no charge

I also got the email saying that my account will stay in IC Markets AU, that nothing is gonna change. How about the leverage, do you guys know which countries have leverage restriction? My account is 500:1, I am currently living in Brazil.

IC Markets

I also received the email first saying that my account was gonna be moved, and now I got the email saying that my account is gonna remain in AU and not be moved to SC, and that everything is gonna be the same as ever was, ok... So, regarding the ...

IC Markets (AU) ceases serving global clients

@Rafei My friend, it is really simple. You load the Daily strength indicator, let's say you are interested in the latest price action, let's say three months (90 days). You gonna scroll your chart back 3 months and you will analyze the maximum and ...

An indicator for the strength of a currency

Instead of using the NET positions, you gonna use the currency strength value as if it were volume, we don't need to take price in consideration because we are interested in the output of the Strength_waves_all_daily_101.ex4 only , the same way we ...

An indicator for the strength of a currency

Hi there brother, thanks for replying. I don't quite understand... If I load your indicator and keep scrolling back in time, won't it will be plotted below the whole history of the chart? I mean, can you tell the indicator that you want it to use N ...

An indicator for the strength of a currency

No, the user gives the period AND the max and min values. Because let's say I am interested only in the most recent price action, in the last 3 months for example, then I will load the Strength_waves_all_daily_101.ex4 indicator and scan the chart 3 ...

An indicator for the strength of a currency

Sorry if I made confusion. It should be like this: 100 * (X-B)/(A-B) where X = current currency strength value A = maximum currency strength value B = minimum currency strength value Alright, but we need a period that the indicator is gonna use for ...

An indicator for the strength of a currency

Cool! The X days (not the same X of current currency strength value, I should have used N Days, I hope I didn't create confusion, I updated the post with the formula) must be the same for A and B for the indicator to work properly, Larry Williams ...

An indicator for the strength of a currency

Hi Rafei, Can you code one with the COT Index formula ? COT index = 100 x (current Net – Minimum Net) / (maximum Net – Minimum Net) This is what I talked about, of it working like a COT index, so we can experiment, makes the indi more flexible. The ...

An indicator for the strength of a currency

Why don't you change the formula to display something like a RSI or the COT index? It is way better to see when the currencies are at extremes and ready to turn... Add an input in indicator options like "lookback period" so we can play with ...

An indicator for the strength of a currency

@Phylo Thanks a lot!

I will code your EAs and Indicators for no charge

Does anyone have a HLC bars indicator for MT4? So it will show price like in the image attached here. MT4 does not have an option to hide the open of the bars. image image

I will code your EAs and Indicators for no charge

The best way to use this kind of indicator is going back to the past and then check when the currencies made a top or bottom, and then mark the OB/OS lines on the indicator. Then when you have one currency on overbought and the other on oversold, ...

An indicator for the strength of a currency

Hi there. It would be great if someone could convert this MT5 indicator to MT4. It is called "value charts". This one uses bars and looks better than the ones with candlesticks, also, it is color coded so the bars change colors when they reach the ...

I will code your EAs and Indicators for no charge