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Currency Strength Meter for NT7


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Currency Strength Meter for NT7

  #1 (permalink)
 mrphr 
London
 
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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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  #3 (permalink)
 BankRobberNT 
NYC
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Interactive Brokers
Trading: forex
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 - [AUTOLINK]NinjaTrader[/AUTOLINK] - Indicator - YouTube

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  #4 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
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No joke, are you really using such a level of complexity ?


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  #5 (permalink)
 BankRobberNT 
NYC
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Interactive Brokers
Trading: forex
Posts: 38 since Aug 2011


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)
 
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 srgtroy 
Los Angeles, California Republic
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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)
 
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 aligator 
Las Vegas, NV
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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)
 
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 kkfx 
Mumbai, India
 
Experience: Intermediate
Platform: MT4, NT8,TradingView
Broker: AMP
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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)
 BankRobberNT 
NYC
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Interactive Brokers
Trading: forex
Posts: 38 since Aug 2011


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)
 mrphr 
London
 
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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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