Thank you for detailed explanation. I am really sorry, but I don't understand the meaning of maximum and minimum in the past, when we are calculating the strength of each currency at each day separately (using Strength_waves_all_daily_101.ex4)! 1- ...

An indicator for the strength of a currency

Hi. Thank you. The original formula which is stated at the first post, has an origin in time which is the open time of the day and week. So, for instance, in daily, when a new day is come, all values return to zero. Any way, the answer is yes, I can ...

An indicator for the strength of a currency

A view on the current day: image What do you think?

An indicator for the strength of a currency

Color setting is added to the indicator: StrengthDaily104.ex4 StrengthWeekly104.ex4 Thank you for your feedback.

An indicator for the strength of a currency

Something that I've missed is that, this daily indicator is the difference between current price and the open price of the day and updates each day! How do we change the formula so that we can monitor, for example, one year? I think that for this ...

An indicator for the strength of a currency

Hi mraye, Thanks for your comment. I will add it.

An indicator for the strength of a currency

Now, I understand the concept. Thanks for your complete description. I will inform you when it is ready.

An indicator for the strength of a currency

Today, we saw an interesting price action from currencies: image

An indicator for the strength of a currency

If I am true, the user gives the period and the indicator finds the maximum and minimum and calculates the formula. Or user gives the preferred maximum and minimum?

An indicator for the strength of a currency

You said that "Max Currency Strength" and "Min Currency Strength" are the user inputs, but according to the formula these are: A = maximum currency strength value for the last N days (or weeks in the case of the weekly indi) B = minimum currency ...

An indicator for the strength of a currency

Hi, Gauer. Good idea, I will code it.

An indicator for the strength of a currency

RSI of the signals are calculated and the indicator is added to the first post.

An indicator for the strength of a currency

RSI of the signals are calculated and the corresponding indicator is added to the first page. These are some figures of the RSI of the currency changes and the price chart: AUDCAD: image GBPAUD: image

An indicator for the strength of a currency

The new indicator for calculating pips change for each currency is added to the first post.

An indicator for the strength of a currency

Of course, the sum of all signals is zero, and that is not very surprising, referring to the formula. I tried to note to this point that the indicator is created according to all 7 pairs of a major currency! So, trading only some pairs of a currency ...

An indicator for the strength of a currency

Hi, I really thank you for your attention and your time. In this challenge I created a new indicator which is directly related to the pips change in a day for each currency which, I think, is more reliable than change percentage. I also agree with ...

An indicator for the strength of a currency

How do you use the indicator? would you please describe more?

An indicator for the strength of a currency

You can go to the properties of the indicator and change the symbols so that match your broker.

An indicator for the strength of a currency

Good idea, I am thinking about that. I will post the new indicator here. Thank you very much.

An indicator for the strength of a currency