Indicators: Currency Strength Index (CSI)
Good day Amrali, thank you for the MT5 currency strength indicator. I am new to FX, and still finding my way around. Your currency strength meter does not save levels, whenever the platform is launched, the levels are non existent, any fix to this, or am doing something incorrect?
Thanks
David
Hello,
Do have the same indicator that works for Mt4?
I would suggest observe this indicator keeping records daily(hour by hour), Monthly, Weekly, all time frames at same time, then built your bot or manual strategy. This is the only Indicator that really gives an hedge.
fbelmonte:
Hello,
Do have the same indicator that works for Mt4?
Yes, but is a about 50 USD you can find here https://training.completecurrencytrader.com/ I used to have this mt4 indicator.
Amrali - you made a great job. Please fix the colors/width and style which are not working. This indicator mt4 was for sale for about 50 USD at Complete Currency Trade(London) - Now you made it at mt5 you should charge for this indicator about 60 USD a piece. Good Luck.
Robert Donovan:
I commend you, sir. This indicator is just what I have been looking for, and had been unsuccessful in getting to work myself in MT5. I am a trend follower and use this to build and manage a Forex long-term trading portfolio. It does take a bit of time to load when I first add it to a chart(I thought it had crashed MT5 the first time, but tried again and waited) It has worked fine, so far, once the data loaded. Well done.
So better use larger time frames
Hi Amrali,
I am trying to get the values from your Currency Strength Index into another custom indicator. My goal is to calculate bollinger bands around the strength of one currency, let's say EUR.
But I am not succesful in obtaining any meaningful values out of your indicator. I am putting the code below. I added other (custom) indicator values (RSI, MA of RSI) to confirm that the indicator generate data.
Can you tell me where I am going wroing?
Thank you enormously! W.
#property copyright "Copyright 2018, MetaQuotes Software Corp." #property link "https://mql5.com" #property version "1.00" #property description "BB on Indicator" #property indicator_separate_window #property indicator_buffers 5 #property indicator_plots 5 #property indicator_level1 30 #property indicator_level2 70 #property indicator_levelcolor clrBlack #property indicator_minimum 0 #property indicator_maximum 100 //--- plot Bollinger Bands #property indicator_label1 "Upper Band" #property indicator_type1 DRAW_LINE #property indicator_color1 clrGreen #property indicator_style1 STYLE_DASH #property indicator_width1 2 #property indicator_label2 "Lower Band" #property indicator_type2 DRAW_LINE #property indicator_color2 clrRed #property indicator_style2 STYLE_DASH #property indicator_width2 2 #property indicator_label3 "Moving Average" #property indicator_type3 DRAW_LINE #property indicator_color3 clrOrange #property indicator_style3 STYLE_SOLID #property indicator_width3 2 #property indicator_label4 "RSI" #property indicator_type4 DRAW_LINE #property indicator_color4 clrBlue #property indicator_style4 STYLE_SOLID #property indicator_width4 2 #property indicator_label5 "Strength" #property indicator_type5 DRAW_LINE #property indicator_color5 clrPurple #property indicator_style5 STYLE_DASHDOTDOT #property indicator_width5 8 //--- input parameters input uint InpPeriodMA = 14; // Smoothing period input double InpStdBands = 3.0; input ENUM_MA_METHOD InpMethod = MODE_SMA; // Smoothing method input ENUM_APPLIED_PRICE InpAppliedPrice = PRICE_CLOSE; // Applied price (if necessary) //--- indicator buffers //for plotting double BufferUpperBand[]; double BufferLowerBand[]; double BufferMA[]; double BufferRSI[]; double BufferStrength[]; //for calculations //... //--- global variables int GlobalPeriodMA; int GlobalStdBands; int GlobalPeriodRSI; int period_max; int handleBB; int handleRSI; int handleStrength; //--- includes #include <MovingAverages.mqh> //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int OnInit() { //--- set global variables GlobalPeriodMA=int (InpPeriodMA<1 ? 1 : InpPeriodMA); //? : = if else GlobalStdBands=double (InpStdBands<1.0 ? 1.0 : InpStdBands); GlobalPeriodRSI=14; period_max=(int)fmax(GlobalPeriodMA,2); //--- indicator buffers mapping SetIndexBuffer(0,BufferUpperBand,INDICATOR_DATA); SetIndexBuffer(1,BufferLowerBand,INDICATOR_DATA); SetIndexBuffer(2,BufferMA,INDICATOR_DATA); SetIndexBuffer(3,BufferRSI,INDICATOR_DATA); SetIndexBuffer(4,BufferStrength,INDICATOR_DATA); //--- setting indicator parameters IndicatorSetString(INDICATOR_SHORTNAME,"EDIT: MA("+(string)GlobalPeriodMA+") Std("+(string)GlobalStdBands+")"); IndicatorSetInteger(INDICATOR_DIGITS,Digits()); //--- setting plot buffer parameters // PlotIndexSetInteger(0,PLOT_DRAW_BEGIN,GlobalPeriodMA); // PlotIndexSetInteger(3,PLOT_DRAW_BEGIN,GlobalPeriodRSI); //--- setting buffer arrays as timeseries ArraySetAsSeries(BufferLowerBand,true); ArraySetAsSeries(BufferUpperBand,true); ArraySetAsSeries(BufferMA,true); ArraySetAsSeries(BufferRSI,true); ArraySetAsSeries(BufferStrength,true); //--- create RSI's handles ResetLastError(); //handle=iCustom(_Symbol,PERIOD_CURRENT,"RSI_MA",14,2); //laatste is ma type? //Example with non custom indicator: handleRSI=iRSI(NULL,PERIOD_CURRENT,GlobalPeriodRSI,InpAppliedPrice); handleStrength=iCustom(NULL,0,"CURRENCY_STRENGTH_INDEX",20,1,true,true,true,true,true,true,true,true); handleStrength=iCustom(NULL,0,"RSI_MA",14,PRICE_CLOSE,28,MODE_SMA); handleBB=iBands(NULL,PERIOD_CURRENT,GlobalPeriodMA,0,2,handleRSI); //The handle points to the indicator //We always need a handle to refer to. Mq5 cannot refer directly to the indicator. //Error handling if the hande does is not created/does not exist. if(handleRSI==INVALID_HANDLE) { Print("The CustomIndicator( RSI",(string)GlobalPeriodRSI,") object was not created: Error ",GetLastError()); return INIT_FAILED; } if(handleBB==INVALID_HANDLE) { Print("The CustomIndicator( BB",(string)GlobalPeriodMA,") object was not created: Error ",GetLastError()); return INIT_FAILED; } if(handleStrength==INVALID_HANDLE) { Print("The CustomIndicator( Strength",(string)GlobalPeriodMA,") object was not created: Error ",GetLastError()); return INIT_FAILED; } //--- return(INIT_SUCCEEDED); } //+------------------------------------------------------------------+ //| Custom indicator iteration function | //+------------------------------------------------------------------+ int OnCalculate(const int rates_total, const int prev_calculated, const int begin, const double &price[]) { //--- flag for one-time displaying of values of price[] static bool printed=false; //--- if begin is not equal to zero, then there values that we shouldn't take into consideration if(begin>0 && !printed) { //--- display Print("Values for calculation start from the index begin =",begin, " size of the array price[] =",rates_total); //--- let's see how the values that shouldn't be taken for calculations look like for(int i=0;i<=begin;i++) { // Print("i =",i," value =",price[i]); } //--- set an attribute that the values have been already displayed in the log printed=true; } //--- checking and calculating the number of counted bars if(rates_total<fmax(GlobalPeriodMA+GlobalPeriodRSI,4)) return 0; //--- checking and calculating the number of counted bar int limit=rates_total-prev_calculated; if(limit>1) { limit=rates_total-1; //Print("print limit2 ",limit ); ArrayInitialize(BufferRSI,0); ArrayInitialize(BufferUpperBand,EMPTY_VALUE);//0 doest solve inf issue ArrayInitialize(BufferLowerBand,EMPTY_VALUE);//0 doest solve inf issue ArrayInitialize(BufferMA,EMPTY_VALUE);//0 doest solve inf issue ArrayInitialize(BufferStrength,EMPTY_VALUE); } //--- Data prepping int count=(limit>1 ? rates_total : 1),copiedRSI=0; copiedRSI=CopyBuffer(handleRSI,0,0,count,BufferRSI); copiedRSI=CopyBuffer(handleBB,0,0,count,BufferMA); copiedRSI=CopyBuffer(handleBB,1,0,count,BufferUpperBand); copiedRSI=CopyBuffer(handleBB,2,0,count,BufferLowerBand); copiedRSI=CopyBuffer(handleStrength,0,0,count,BufferStrength); if(copiedRSI!=count) return 0; return(rates_total); }
WillowTrader #:
Hello, Hi Amrali,
I am trying to get the values from your Currency Strength Index into another custom indicator. My goal is to calculate bollinger bands around the strength of one currency, let's say EUR.
But I am not succesful in obtaining any meaningful values out of your indicator. I am putting the code below. I added other (custom) indicator values (RSI, MA of RSI) to confirm that the indicator generate data.
Can you tell me where I am going wroing?
Thank you enormously! W.
Please show me your code with CSI.
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Currency Strength Index (CSI):
Trading the STRONG against the weak!
Author: amrali