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Indicators that tell the price strenght..? Indicators that tell the price strenght..?
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Old 07-20-2008, 08:58 AM
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thanks u guys.. i will give it a try..
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Old 07-20-2008, 09:37 AM
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tro.. i have ur tro fib multi indic.. but can u please tell me the correct way to use it.. all that i know is if the value is under 50% it kinda safe to open short and if it 100% and above is for long position.. is it correct?
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Old 07-20-2008, 11:40 AM
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market profile/analysis indicator/EA
Do you have a web site or something where you sell your indicators ?

Quote:
Originally Posted by IN10TION View Post
:: I'm working on something like that... Cluster/Correlation strength between currencies... this will be added in the next NewsReader release... also have a market profile/analysis indicator/EA (not for free release), but market profile/analysis will give you a more overall guidance in direction while Cluster/Correlation indicator will give a instant overall strength/weakness view (where the action is )
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Old 07-20-2008, 04:42 PM
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Quote:
Originally Posted by fxcruiser View Post
limestreamx,

You may want to look into the Probability Meter developed by Ferrufx. It has our Strength Signal in it along with his other custom indicators. It may do the job for you.

ENJOY!
Thanks FxCruiser for your support

FerruFx
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Old 07-20-2008, 07:23 PM
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Quote:
Originally Posted by limestreamx View Post
tro.. i have ur tro fib multi indic.. but can u please tell me the correct way to use it.. all that i know is if the value is under 50% it kinda safe to open short and if it 100% and above is for long position.. is it correct?
!!fibmulti.gif

Please post a chart or 2 so I can answer better.

Most of the time, you want enter long at support(0%) and short at resistance (100%).

Of course, the price can either breakout/continue or bounce/reverse.

Usually, if all/most of the levels are at one extreme or the other, you look for a reversal.
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Old 07-21-2008, 12:41 AM
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I use this one and only trade with the trend when

trendup strong or trend doen strong and all lines turn red to sell or green to buy


of course suport and resistance is important

DONT use this on its own!!
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File Type: mq4 GMACD2.mq4 (16.2 KB, 26 views)
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Old 07-21-2008, 03:02 AM
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Quote:
Originally Posted by TheRumpledOne View Post
I coded a STRENGTH MULTIMETER HERE:

TRO Indicators

or if you want to compare multiple pairs across multiple threads you can use the TRO FX DASHBOARD EXTERNAL:

TRO_FX_Dashboard
Maybe you mean it is here
New EA based on the !xMeter
Thank you TRO..YOU HAVE HAD CHANGED MY CHARTS SINCE I KNEW YOU
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Old 07-21-2008, 03:27 AM
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okey mr tro this is my simple setup.. i just draw fibo manually.. and add ur fib multi indic.. so as u say we look for 100% reversal.. now on this screen its show that the tro fib multi is at 89% while the price is above 61.8 fibo line.. so now what is the rules for entry using this fib multi? can u please explain it briefly..
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Old 07-21-2008, 03:29 AM
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Quote:
Originally Posted by ahmedazizelias View Post
Maybe you mean it is here
New EA based on the !xMeter
Thank you TRO..YOU HAVE HAD CHANGED MY CHARTS SINCE I KNEW YOU
im sorry ahmed but i dont really believe in EA..
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Old 07-21-2008, 04:23 AM
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Quote:
Originally Posted by limestreamx View Post
im sorry ahmed but i dont really believe in EA..
me either i did not find yet the EA which i can give him my money and go
i just post the link to re-direct to the fib multi indicator that TRO dispalyed in the chart..
Did you watch"NEXT" movie?..HE IS THE RIGHT "EA"..THIS IS THE REAL HOLLY GRILL..i guess that guy wasting his time with FBI,it is better to make billions in Forex in matters of hours..THIS MAN SHOULD BE MY EA (JUST LET HIM IMAGIN AND I WILL HIRE 1000 ACCOUNTANT TO JUST COUNT MY MONEY)
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