Market is contracting
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These off the 4hr? I must be doing my sums all wrong haha
Simple 200 MA?
Hi there,
If you open the MT4 data window then put your cursor over a candle you can do a simple copy and paste that whole block of data into excel or a text file. It has all the data you need.
If you want a simple way of having the S/W currency ratings on your MT4 charts you can use this dashboard from forexfactory member emonts. Numbers will differ slightly depending on broker.
iAA_DB_Currency_Strength_V2.01.ex4 (56.4 KB)
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That doesnât work for me, do you have a direct link to the thread on FF?
Or post a chart showing what the dashboard looks like please.
Here you go,
https://www.forexfactory.com/thread/post/11422166#post11422166
This Dashboard was inspired by this thread and can display up to 15 days of data including current fluctuations relative to the NY close value.
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Still doesnât work for me, it doesnât show in Indicators, and when I try with Meta editor = screenshot
Maybe not updated with the latest MT4 version, IDK
This is a previous version which doesnât include the history.
Iâm running MetaTrader Version: 4.00 build 1330 19 March 2021
https://www.forexfactory.com/thread/post/11054917#post11054917
My MT4 the same, but still not working, same as previous screenshot.
I give up, last option, can you open it in Meta Editor and show me what it does?
Thanks
Unfortunately, it appears the market is effectively trading into this strategy across the last 7 days.
Since we only able to see our own particular Brokers trading volumes in our respective platforms, we also get a glimpse of trader traffic. Volumes appear to have contracted across Australian Brokers since the ASIC Leverage intervention came into force 29th of MarchâŚ
Iâm also seeing less volatility across all markets⌠Easter?
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Thank you! Just what a lazybone like me needed.
No, there is no mq4, just the exe. But it pulls the last H4 candle data of the day and gives you the same calculations as Dennis creates or the default setting will average with a predetermined number of previous H4 candles (this is what is indicated by the Strength [3]). You can colour and set font size to your liking. Double check it is in the indicator folder and restart, I am running it in two instances of MT4 for two months.
Okay, I tried another install of MT4 and it shows as normal procedures. The 1st MT4 must be opening the wrong File folder when I go to Copy & Paste it in there because it never shows. Thanks for your help.
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These were my workings for yesterday 10pm U.K./ 5pm NY. Am I doing something wrong as these are quite different to Dennis?
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https://forums.babypips.com/t/trading-the-trend-with-strong-weak-analysis/77959/4?u=fok
When YEN is mentioned, I believe that means USDJPY, which is always ZERO, so the 1st thing I see wrong (as every pair has Yen in it)
I will research for the exact calculations for you
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I found this (Price - MA Price) / Price =
https://forums.babypips.com/t/trading-the-trend-with-strong-weak-analysis/77959/31?u=fok
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I believe thatâs how the calculations are made across the major pairs, against the Yen. So in my calculations AUD is 0.41%, CAD is 1.29% and so on. Then you match them up and find a 2% difference. It just seems my calculations yesterday were quite some way off Dennis??
Also a question, are Jen pairs traded too? I know it is always 0 so letâs say USD is above 2% would you take the USD buy trade, for example? Or is Jen just used to calculate other pairs?
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Youâre calculations are correct, my figures for today are very close to yours. The data depends on the broker and their numbers are always different.
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read entire thread on FF, they explain about Dennis method there, YEN is YEN not USDJPY, Currency and pair is 2 different thing. Dennis use YEN because all YEN pair is XXXJPY and not JPYXXX. 7 major currency VS YEN that is why YEN is always 0% because if there is 8 major pair last one should be JPYJPY which equal to 0
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Found an example of how to set up a table to simplify the data input and do the calculations
https://forums.babypips.com/t/trading-the-trend-with-strong-weak-analysis/77959/1374?u=fok
1 Like