fxcodebase-backup
Strong vs. Weak
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=26193
Forum: 17 · Topic 26193 · 48 post(s)
Strong vs. Weak
Apprentice · Sat Nov 17, 2012 2:33 pm
Indicator calculates the strength of all 8 major currencies. The basis is the position of price in relation to the moving average. For each currency, we take into account, all currency pairs, containing this currency.
We have two modes.
Pip The sum of all positive and negative indications. Measured as a distance from a moving average (in pips)
Count The sum of the positive and negative indications.
Smoothed Price Source version.
Smoothed Strong vs. Weak Indices.bin
Calculated as MA of Source - MA of MA of Price
Re: Strong vs. Weak
Thumper · Sat Nov 17, 2012 4:19 pm
Can not get it to work. comes back with [string “Strong vs Weak.bin”] 155: Cannot recognize host command Regards Rob Marshall Australia
Re: Strong vs. Weak
Apprentice · Sat Nov 17, 2012 5:46 pm
This indicator is written for the current beta version of TS. Beta Version can be found here. viewtopic.php?f=30&t=20383
Re: Strong vs. Weak
NicolaeZ · Sun Nov 25, 2012 5:42 am
Thank you very much Nicolae
Re: Strong vs. Weak
Apprentice · Sun Nov 25, 2012 6:37 am
Minor Bug Fix.
Re: Strong vs. Weak
NicolaeZ · Wed Dec 26, 2012 1:30 pm
I get this message for almost any thing I try to post This message was flagged as spam and has been denied
Re: Strong vs. Weak
dtb71fx · Sun Jan 06, 2013 8:31 pm
This indicator is written for the current beta version of TS.
When is the new TS coming out ?? I’d really like this indicator but I’m on the current TS version
Re: Strong vs. Weak
dtb71fx · Sun Jan 20, 2013 7:07 pm
Or any chance of getting this indicator for the current release of TS ?
Re: Strong vs. Weak
Apprentice · Mon Jan 21, 2013 4:49 am
I did not plan it. The development team expects TS update within a month.
Re: Strong vs. Weak
dtb71fx · Mon Jan 21, 2013 6:15 pm
OK, thanks for the info! No problem if the new TS is coming soon
Re: Strong vs. Weak
kingshillpips · Tue Jun 04, 2013 8:48 am
This is a great indicator and I’d like to include it in one of my custom strategies but it is .bin format.
Is there a .lua version available?
Keep up the good work.
Best regards
Dimitris
Re: Strong vs. Weak
Apprentice · Wed Jun 05, 2013 2:47 am
Unfortunately not, Bin is intentional, to hide some proprietary elements. You can use Strong Vs. Weak, as an external indicator, from your strategy or contact me privately for more info.
Re: Strong vs. Weak
dwrench · Wed Sep 11, 2013 1:36 pm
would it be possible to add the currency name to the end of the line a signal when one or more started moving rapidly would be good too and a piece of berry pie with hot coffee while i am at it this is a phenomenal piece of work
Re: Strong vs. Weak
jay1994 · Thu Sep 12, 2013 12:44 pm
Is there a MT4 version of this indicator? Thanks.
Re: Strong vs. Weak
Apprentice · Fri Sep 13, 2013 12:41 am
Your request is added to the development list.
Re: Strong vs. Weak
dwrench · Mon Oct 07, 2013 8:16 pm
is there a signal or alert that would notify when one or more of the currency’s made a quick move out of the group?
Re: Strong vs. Weak
Apprentice · Tue Oct 08, 2013 2:02 am
Hm “quick move”? Can you suggest an algorithm. Your request is added to the development list.
Re: Strong vs. Weak
dwrench · Tue Oct 08, 2013 12:38 pm
thank you for your quick response. i am using the pip counter because the other screen runs together and i can’t make out the lines without the currency being labeled. would it be possible to get an alert when a currency moves 5 pips in a 5 minute time frame. it would be best if the scale of the move (5,10,15, etc of number of pips) and time frame (1, 5,15, 30, etc minutes) was a programmable figure and not preset, to adjust for different trade sessions and periods of volatility of course the next step would be a strategy but, must crawl before walking or running
Re: Strong vs. Weak
NicolaeZ · Sun Nov 24, 2013 7:58 am
Hello,
I’ve checked the values provided by the indicator and I’ve found important differences deemed to invalidate any analysis on this indicator.
Indicator Properties: Data source: Period 4H Selector: All currencies YES Calculation Mode: Pips MA Parameters: Price Source: CLOSE MA Method: MVA Period: 200
For the 4H candle opened at 13.00 on 22.11.2013 (TSII - NY time) The indicator provides the following values (decimals not relevant):
USD 3.368 EUR: 497 GBP: 2303 CHF: 390 JPY: -793 AUD: -1.129 NZD: -416 CAD: -98
The manual counting gives the following values:
USD 624 EUR: 996 GBP: 2476 CHF: 781 JPY: -1587 AUD: -2260 NZD: -833 CAD: -197
As we can see, is not about small differences caused by spreads. USD gives us a difference of about 2800 pips, EUR diff: 500; GBP diff: 150; CHF diff. 400 pips; JPY diff.: 800; AUD diff. 1200; NZD diff. 400; CAD diff. 100
As we can see, there is no identifiable rule for the deviation (such as a multiplicative factor). We get also different ranking: On indicator ranking is USD GBP EUR CHF CAD NZD JPY AUD On manual counting ranking is GBP EUR CHF USD CAD NZD JPY AUD
Please can you check the algorithm? Thank you in advance,
Nicolae
Re: Strong vs. Weak
Apprentice · Sun Nov 24, 2013 10:01 am
Let’s do a little test. Unsubscribe from all currency pairs except Eur/Usd The difference (in pips) between the moving average and closing price. It should be the sum of the absolute values for EUR and USD. EUR strength is calculated on the basis of all the currency pairs that contain the EUR. Perhaps you are using smaller or different sample of.
Re: Strong vs. Weak
NicolaeZ · Sun Nov 24, 2013 11:16 am
Thank you, you are right. I was subscribed to USDMXN too, that gave me unusual values.
Nicolae
Re: Strong vs. Weak
NicolaeZ · Sun Nov 24, 2013 11:51 am
Hello,
I wonder if we can develop RSI, CCI, Stochastic & Ichimoku indicators currency (not pair) oriented based on the same methodology used to determine the strength values as used by this Strong vs. Weak indicator already developed (sum in pips of the difference between MA and price for all subscribed pairs containing that currency) .
Let me explain myself. Basically, we can determine RSI over any series of data. The classic RSI indicator loads as entry data the close rate for each candle of the specific pair at a determined time frame (if we set the Close price as reference). Based on this entry data it determines moving averages and do all the maths requested by the algorithm to determine RSI.
If we take as entry data the values given by the Strong vs. Weak indicator for a particular currency (which is another series of data), we can determine and plot the RSI for that specific currency.
Supposing that the strength values determined by the current Strong vs. Weak indicator are consistent with the actual strength of a currency, we can get a consistent RSI value for that specific currency.
In my opinion, the SW RSI indicator should allow user to select one currency and the application will do the maths using only subscribed pairs that includes the selected currency.
The same idea with all other indicators (CCI, Stochastic & Ichimoku).
Thank you in advance, Nicolae
Re: Strong vs. Weak
Apprentice · Sun Nov 24, 2013 12:36 pm
You’re still a bit vague.
U can use the currency indexes. We have few on the on forum. One of them is. viewtopic.php?f=17&t=970&p=89981&hilit=Kiwi#p89981 Add the RSI on this indicator to get RSI, for USD.
Re: Strong vs. Weak
NicolaeZ · Sun Nov 24, 2013 1:09 pm
Thank you, it is all I need. I didn’t know that has been added indexes for all majors. Best regards,
Nicolae
Re: Strong vs. Weak
mykkee · Mon Nov 25, 2013 11:42 am
Is there a way that you can add an alert to this….say you have the EUR/USD chart up and you also have the E/U strong/weak lines below as an oscillator….and when the eur and usd lines cross it creates an alert…..and any other pairs that you may be following as well with just their strong/weak lines? Thank you for your time and consideration.
Re: Strong vs. Weak
Apprentice · Tue Nov 26, 2013 4:32 am
Your request is added to the development list.
Re: Strong vs. Weak
dwrench · Wed Aug 27, 2014 11:13 am
I have to agree with mykkee. If an alert could be built into this indicator it would absolutely rock. If you could turn the alert on/off similar to the way that you select the currency would work great. I use it constantly now, but an alert would really help to wake me up.
Re: Strong vs. Weak
pdjtman66 · Fri Sep 02, 2016 12:47 pm
Hi Apprentice, thank you so much for this indicator. I learned a manual method for calculating, and I know this will help me a save a LOT of work. But I am a newbie, and I need just a little clarification to be properly oriented. Your explanation note at the top says: “Count: The sum of the positive and negative indications.” Today the numbers are in wholes and .5’s, but I don’t know if positive is weak or strong, etc. My guess is that this is measuring whether a currency in each pair is below or above the MA (negative or positive indication), with below giving a negative and above being a positive? How much is each pair worth? 1.0? .5? (totally making a guess but may be wayyy off). e.g. today GBP is +3.0, so is it the strongest, with 6 positive indications of .5 each, adding up to 3.0? Thanks for an orientation.
Re: Strong vs. Weak
pdjtman66 · Fri Sep 02, 2016 12:51 pm
Also, in Trading Station, I do have all 28 pairs unlocked, but do I have to have them all selected somehow? *Note from previous post: I noted 6 pairs, but it should be 7.
Re: Strong vs. Weak
Apprentice · Sun Sep 04, 2016 6:34 am
Wil only provide output for the majors. Majors = {“USD”,”EUR”,”GBP”,”CHF”,”JPY” ,”AUD” ,”NZD”,”CAD”}
Re: Strong vs. Weak
pdjtman66 · Tue Sep 06, 2016 4:36 pm
Apprentice wrote: Wil only provide output for the majors. Majors = {“USD”,”EUR”,”GBP”,”CHF”,”JPY” ,”AUD” ,”NZD”,”CAD”}
Yes, I got that already (majors), but am wondering how it works with the majors. Say GBP has a reading of 3.0 - what does that tell me and how?
First, is a positive number strong and negative weak or vice-versa?
Second, how is the number derived mathematically; say GBP is stronger than 6 out of the 7 other currencies, what value is a strong comparison worth and what value is a weak comparison worth? (Assuming I am positioning the question accurately as compared to how the formula works.)
That will help me. Thanks, so grateful!
Re: Strong vs. Weak
Apprentice · Wed Sep 07, 2016 4:20 am
is a positive number strong and negative weak or vice-versa?
Exactly
We have two modes.
For the observed currency, we will sum up all the individual indications for observed currencie pairs.
Pip USD = Ma of xxx / USD - xxx / USD + Ma of yyy / USD - yyy / USD + …
Count If Ma of xxx / USD <xxx / USD Vote 1 = 1 If Ma of xxx / USD> xxx / USD Vote 1 = -1
USD = Vote 1 Vote 2 + ….
For the currency pairs, we have two currencies, therefore All indications are cut by half.
Re: Strong vs. Weak
giopo67 · Wed Sep 07, 2016 7:21 am
Hi Apprentice, can you add to this indicator the indices DAX and CAC?
Re: Strong vs. Weak
pdjtman66 · Wed Sep 07, 2016 11:39 am
Perfect. Thank you so much for giving me this understanding!
Re: Strong vs. Weak
giopo67 · Fri Sep 09, 2016 5:13 am
Hi Apprentice, in addition to this very useful, can YOU create an indicator that compares the strength of the indices higher, Dax, Cac, Mib etc.? Thank you
Re: Strong vs. Weak
Apprentice · Fri Sep 09, 2016 10:20 am
Each major is tested against 7 rivals. Indexes can only be compared kontra dollar.
Will not provide the same level of accuracy. Will this be ok?
Re: Strong vs. Weak
giopo67 · Fri Sep 09, 2016 10:45 am
Yes, it would be very useful for the spread trading between Dax and Cac for example, buy an index and sell the other correlated by following the power level …buy the strong and sell the weak …
Re: Strong vs. Weak
Apprentice · Mon Sep 12, 2016 9:42 am
Your request is added to the development list, Under Id Number 3625 If someone is interested to do this task, please contact me.
Re: Strong vs. Weak
giopo67 · Thu Oct 06, 2016 4:26 am
Hi Apprentice, nothing about this? Thanks in advance for your valuable work.
Re: Strong vs. Weak
giopo67 · Mon Dec 05, 2016 11:48 am
UP …. Please Apprentice, I need it really …. Thanks and best regards
Re: Strong vs. Weak
giopo67 · Mon Feb 06, 2017 8:33 pm
Bump …. please …..
Re: Strong vs. Weak
Apprentice · Tue Feb 07, 2017 8:08 am
Strong vs. Weak.bin revised. Strong vs. Weak Indices.bin added.
Re: Strong vs. Weak
giopo67 · Tue Feb 07, 2017 9:25 am
Thank you Apprentice, is just what I was looking for, can you add GER30 (Dax) please? Thanks for the good work.
Re: Strong vs. Weak
Apprentice · Thu Feb 09, 2017 3:21 pm
Added.
Re: Strong vs. Weak
jaricarr · Sat Jun 10, 2017 12:59 pm
Hi Apprentice,
is there a possibility to add the option of using a “Data Source” (smoothing) please ?
Re: Strong vs. Weak
Apprentice · Mon Jun 12, 2017 4:44 am
The basis is the position of price in relation to the moving average.
Source - MA of Source Do you want to define the indicator as, a difference between the two moving averages?
Which of this two versions will be used? A MA of Source - MA of MA of Price
B
- MA of Source - 2. MA of Source
Re: Strong vs. Weak
jaricarr · Tue Jun 13, 2017 10:27 pm
Hi Apprentice,
Lets go with version A, MA of Source - MA of MA of Price please.
Re: Strong vs. Weak
Apprentice · Wed Jun 14, 2017 5:54 am
Smoothed Strong vs. Weak.bin / Smoothed Strong vs. Weak Indices.bin added.