The curreny strength indicator has evolved into a universal strength indicator i.e not restricted to one currency pair.
Pay attention not just to which line is on top but also if the lines are diverging or converging.
The grey line represents the diverging or converging of the blue and red strength / weakness line.
// TTPro CryptocurrencyImpulse is a crypto strength meter that shows us which currencies are
// strong or weak on any chosen timeframe. Buying into strength and selling into weakness is the key.
// We have an advantage with this indicator in seeing strength and weakness at a glance and also
// in being able to spot reversal opportunities when the lines cross over.
Compares the major forex currencies to to each other, good for seeing relative strength and choosing trading pairs based on that.
Original script is by @aelius from 2016. I just made it a bit more responsive, easier on the eye, and I added labels.
Helios is a simple to use oscillator.
It represent the state of different indicators at the moment. If you see a small green column, that means that only one or few indicators are getting into the positiv area, wait for higher bars to get into a trade. Same thing on the red bars side.
Calculation is based on few indicators like RSI , MACD , EMA , SMA and some...
An experimental version of Pivot Trader v3 combined with my currency strength indicator. At midnight each day if the trade criteria are met a buy or sell signal is given respectively. This concept looks interesting and it would be great to receive feedback from your testing of this indicator so we can improve it.
So V-2 of this script is ready...
Easy profits is a script for quick on the go setups. Low maintenance is a nice part of this script.
I simply found most scripts to be too technical and this was the motivation for a clear and simple script.
I believe it will work well in any market and not just crypto currency. (only tested on crypto)
Settings are minimal, and...
Updated version of pivot trader with currency strength based trade entry. I have included a number of options for trade exit and alerts. Alert for buy and sell only.; not individual alerts. Best time frames appear to be 15-30 mins and EURUSD only.
The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods.
Two lines are plotted, a bull line (blue) representing the bullish/buying force...