The Heart of Forex - Custom indicator, 26 pairs and 9 TFs on 1 chart

FerruFx · #1 (**permalink**) 05-02-2008, 07:47 AM

Hi all Forex Traders,

I am pleased to show you the new tool I coded. The Heart of Forex. This great tool shows the real current price move for all TimeFrames. Display up to 26 pairs and 9 TimeFrames on the same chart. With only one eye, you'll be able to watch, compare all similar pairs and then see if they agree for the same direction. You no longer need to switch between pairs and TimeFrames.

This tool is based only on the price move. No indicators or any others tools are used for the calculation of HoF. Only Price Action.

Whatever your trading style, it's very important to know if the price move is a small isolated one or if the correlated pairs move all together. The more the similar pairs agree, the more the move is real and good for catch some pips.

After observing this tool, you will be able to define which similar pairs move together for a strong move.

<--- Full board or only selected pairs and TFs --->

It displays up to 26 pairs and 9 timeframes:

EURUSD-GBPUSD-AUDUSD-USDJPY-USDCHF-USDCAD-EURJPY-EURGBP-EURCHF
EURAUD-GBPJPY-GBPCHF-AUDJPY-NZDUSD-NZDJPY-AUDNZD-CHFJPY-EURCAD
AUDCAD-CADJPY-EURNZD-GBPAUD-GBPCAD-AUDCHF-NZDCHF-CADCHF

M1-M5-M15-M30-H1-H4-D1-W1-MN

You don’t need to apply more than one HoF. It displays ALL selected pairs and ALL selected TFs on the same chart regardless which chart or TF it’s apply on.

Here is how it looks with some selected pairs:

Parameters settable by users:

All text and square zones colors

The timeframes you want to display

Set a k to apply for each timeframe. In other words, increase the k numbers for the TFs you want give more importance

The pairs you want to display

How to decrypt the Heart of Forex ?

5 different colors according to the current price move on a specific TimeFrame:

BLUE : strong up move for this TimeFrame

LIGHT BLUE : up move for this TimeFrame

YELLOW : move is flat for this TimeFrame

ORANGE : down move for this TimeFrame

RED : strong down move for this TimeFrame

The values from -100 to +100 at the top of each column are strictly an average of all displayed TFs for a given pair. You can give more importance to some TFs by setting a k coefficient in the input parameters.

This k coefficient is very important according to your trading style. If you usually trade high TFs, you'll give more importance to these high TFs by setting a higher k. For those who like lower TFs (ie for scalping), then set a higher k for these small TFs.

Want to be a real successful trader? more info here ... and you'll catch the next move!!!

Feel free to contact me if you have any question.

I wish you a lot of pips.

FerruFx

lcfxtrader · #2 (**permalink**) 05-02-2008, 05:17 PM

Can you please provide an example of when to enter and exit based on your HOF trading intraday?

FerruFx · #3 (**permalink**) 05-02-2008, 05:31 PM

Quote:

Originally Posted by lcfxtrader

Can you please provide an example of when to enter and exit based on your HOF trading intraday?

This tool doesn't give entry point. It is an unique chart that show all pairs, all timeframes current price move.

FerruFx

Guyver · #4 (**permalink**) 05-02-2008, 05:48 PM

Quote:

Originally Posted by FerruFx

This tool doesn't give entry point. It is an unique chart that show all pairs, all timeframes current price move.

FerruFx

How do you trade stress less when you don't know what is the chart saying??..
i mean where to enter . I can put all the charts on my terminal and surely they will point at some conclusion but none will give me entries ..

FerruFx · #5 (**permalink**) 05-02-2008, 05:56 PM

Quote:

Originally Posted by Guyver

How do you trade stress less when you don't know what is the chart saying??..
i mean where to enter . I can put all the charts on my terminal and surely they will point at some conclusion but none will give me entries ..

Example: when you start to see similar pairs (correlated/uncorrelated) move together, the conclusion is that a strong move is starting.

Before, you needed to switch between charts and TFs to compare price move, pairs strength, etc ... With this tool, you have all info on the same chart, on the same platform.

Thanks for your interest.

FerruFx

Guyver · #6 (**permalink**) 05-02-2008, 05:58 PM

Quote:

Originally Posted by FerruFx

Example: when you start to see similar pairs (correlated/uncorrelated) move together, the conclusion is that a strong move is starting.

Before, you needed to switch between charts and TFs to compare price move, pairs strength, etc ... With this tool, you have all info on the same chart, on the same platform.

Thanks for your interest.

FerruFx

First i dont have any interest second this is BS really.. can you prove this theory on live charts before the move happened.

FerruFx · #7 (**permalink**) 05-02-2008, 06:03 PM

Quote:

Originally Posted by Guyver

First i dont have any interest second this is BS really.. can you prove this theory on live charts before the move happened.

You have interest because you are here asking.

You have the right to think it is BS.

Don't understand what theory you want I prove. This tool doesn't show anything before the move happen. It shows the move. I never claim it show something before it happen.

FerruFx

Guyver · #8 (**permalink**) 05-02-2008, 06:07 PM

Quote:

Originally Posted by FerruFx

You have interest because you are here asking.

You have the right to think it is BS.

Don't understand what theory you want I prove. This tool doesn't show anything before the move happen. It shows the move. I never claim it show something before it happen.

FerruFx

sure i had interest to find what kind of things are being sold these days on the net and forums. If your tool cannot provide entries then i dont see any use of it period!. You are trying to convince who? you are selling it to who? the traders right? okay i am one of them and this is my concern.

FerruFx · #9 (**permalink**) 05-02-2008, 06:19 PM

Quote:

Originally Posted by Guyver

sure i had interest to find what kind of things are being sold these days on the net and forums. If your tool cannot provide entries then i dont see any use of it period!. You are trying to convince who? you are selling it to who? the traders right? okay i am one of them and this is my concern.

Ok. I try again.

Imagine a trader who trade Yen crosses and watch let say 4 pairs. He must open 4 charts on his small laptop to watch and compare the 4 pairs ... And of course he switch between TFs.

With this tool, he will be able to all this on 1 chart, without switching pairs nor TFs.

Here I am not talking about some analysis with indicators cross with price or something else. I am talking only about the price. In other words, I regrouped all prices for all pairs and all timeframes.

Hope that helps.

FerruFx

MiniMe · #10 (**permalink**) 05-02-2008, 06:51 PM

FerruFx, you are an artist
good work