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Currency Strength Meter for NT7


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Currency Strength Meter for NT7
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   #1 (permalink)
Elite Member
London
 
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Posts: 255 since Apr 2011
Thanks: 65 given, 180 received

Hello,

Does anybody know the calculation/formula for the Currency Strength Meter, like the Hawkeye Fatman, AccuStrength and Currency Meter 3.0 from Henry Liu?

Some of those tools are relatively pricey, and me and my mate wants to code it to work exclusively on NT 7. I am trying to find out how it is calculate but could not find nothing yet. Anybody? We will post the meter here for free download when it is done.

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Posts: 38 since Aug 2011


mrphr View Post
Hello,

Does anybody know the calculation/formula for the Currency Strength Meter, like the Hawkeye Fatman, AccuStrength and Currency Meter 3.0 from Henry Liu?

Some of those tools are relatively pricey, and me and my mate wants to code it to work exclusively on NT 7. I am trying to find out how it is calculate but could not find nothing yet. Anybody? We will post the meter here for free download when it is done.

I know...
and it looks like this

Currency Strength Meter V2 with Market Analyzer - Forex - NinjaTrader - Indicator - YouTube

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   #4 (permalink)
Market Wizard
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No joke, are you really using such a level of complexity ?

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   #5 (permalink)
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trendisyourfriend View Post
No joke, are you really using such a level of complexity ?

As you can see... YES

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   #6 (permalink)
Legendary Market Wizard
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No idea if it works but it sure looks cool! (the bottom part)

I will have to use this screenshot to impress my friends

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   #7 (permalink)
Elite Member
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mrphr View Post
Hello,

Does anybody know the calculation/formula for the Currency Strength Meter, like the Hawkeye Fatman, AccuStrength and Currency Meter 3.0 from Henry Liu?

Some of those tools are relatively pricey, and me and my mate wants to code it to work exclusively on NT 7. I am trying to find out how it is calculate but could not find nothing yet. Anybody? We will post the meter here for free download when it is done.

@mrphr,

The main idea of the currency meter is very simple, it is a comparison of relative strengths. In its simplest and useful form is a plot of the RSI(30m or any other intraday time frame) for all the pairs (and anything else, i.e. indexes, Bonds, etc.) that you care for, all normalized and plotted as oscillators on the same chart. When majority of the pairs are leading, the lagging pair(s) can be traded to follow the other pairs.

Try this simple one, then add your bells and whistles.

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   #8 (permalink)
Elite Member
Mumbai, India
 
Experience: Intermediate
Platform: MT4, NT7,eSignal
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Here is recent strength indicator for MT4 and strategy based on it.

Recent Strength indicator @ Forex Factory

Hanover: an auto-trader using Recent Strength @ Forex Factory

Hope its ok to post links to other forum threads.

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   #9 (permalink)
NYC
 
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indiantrader View Post
Here is recent strength indicator for MT4 and strategy based on it.

Recent Strength indicator @ Forex Factory

Hanover: an auto-trader using Recent Strength @ Forex Factory

Hope its ok to post links to other forum threads.


C'mon guys, you can do better than this, help this dude out, find him the damn formula and he will code the currency meter for free....

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   #10 (permalink)
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This is the classical examplo of Analysis Paralysis or Paralysis of Analysis, but if you can make money on this all the power to you.

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aligator View Post
@mrphr,

The main idea of the currency meter is very simple, it is a comparison of relative strengths. In its simplest and useful form is a plot of the RSI(30m or any other intraday time frame) for all the pairs (and anything else, i.e. indexes, Bonds, etc.) that you care for, all normalized and plotted as oscillators on the same chart. When majority of the pairs are leading, the lagging pair(s) can be traded to follow the other pairs.

Try this simple one, then add your bells and whistles.

Hi, thanks... I found how it is calculated, and friend of mine to code it on NT7, but I am not using it anymore. If you know how to use it, it can help but it is a indicator like all others indicator...

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   #12 (permalink)
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Hello guys, I found how it is calculate and a friend of mine did the coding. I am not going to post it here because it was not myself that code it, however he may post it later...

I do not rely on the meter, and honestly I have not been using it for a while; Yes it can help but it is a indicator like all others indicators...

In order to make money in this business the only thing that you really need is understand price, you must understand price, the rest is secondary or even irrelevant.

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   #13 (permalink)
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mrphr View Post
This is the classical examplo of Analysis Paralysis or Paralysis of Analysis, but if you can make money on this all the power to you.

?

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   #14 (permalink)
los angeles
 
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must be good,they lowered the price!


I think TRO (the rumpled one) has something like this. Might want to google it...I think its free also.
Never used it myself btw,cant attest to its worthiness.

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   #15 (permalink)
NYC
 
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Is it you TRO? Are you in stealth mode?

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   #16 (permalink)
los angeles
 
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shhhhhh...I got a new paypal acct for my old customers btw.

Also just keep it on the low down,dont talk so loud BR.

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   #17 (permalink)
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No worries

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Elite Member
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BankRobberNT View Post
Here is the link for the indicator: Forex Currency Strength Meter for NinjaTrader

Hello BankRobberNT,

Your website looks down. See the below message, when logging to website. Can you kindly advise?

BankrobbersIndicators.com

coming back soon!!!

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   #19 (permalink)
NYC
 
Experience: Intermediate
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Trading: forex
 
Posts: 38 since Aug 2011

mohi4u View Post
Hello BankRobberNT,

Your website looks down. See the below message, when logging to website. Can you kindly advise?

BankrobbersIndicators.com

coming back soon!!!


Site is back up and running, after being revamped. :-)

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