beta test this currency strength indior system - Page 2
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Thread: beta test this currency strength indior system

  1. #11
    Hi there
    the simple formula is this:
    quantify the moving average (5,13) of a currency against all the other currencies moving average (5,13)

    the rate of change or rate of change strength is corrected from the moving average numbers , IE 5,13
    so make it 3,5 also it is very sensitive , 14,29 also it is a lot less painful to change.

    So depending on your trading style , IE higher or lower time frames , you adjust the moving average (x,x) to package.

  2. #12
    Quote Originally Posted by ;
    updated version with new name: MCTSI - strength lines highlighted - arrows indior windows - arrows chart - alerting enabled thanks document picture
    Dear @buju,
    First of all thank you for this very helpful indior.
    I believe it'll be quite effective if an ea is designed with this indior and egy.

    With a comparable egy, robinho ea (out of @sevan62) has been made but sadly can't produce quite successful outcomes.
    Because it's captures tendencies too late and frequently can't make a profit!
    (https://www.forexforum.co.za/general...city-baby.html)

    Briefly,
    I would love to check it in case you are publish an ea from this egy.
    I wish you success on your job...

  3. #13
    This indi has been updated to include cad and chf
    also I have put in a huge work attempt to make it more stable and efficient.

    I am of the opinion that to 'try' to see ahead by simply visiting a price versus time chart is hopeless , the market changes direction at any time.
    That said , we could see if a currency is strong or poorer by looking at what it is doing against other currencies , as they all have any influence on every other.
    This may show us some upcoming leadership.
    Example if eur is strong and usd is weak there is a stronger chance that we can buy the eur/usd.

    If you would like to take a glance , the fundamental and advanced indi's can be found here:

    https://www.mql5.com/en/users//seller

    Im hoping to make a EA from this indior , so if you have some strong ideas please post them here or just PM me.

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