AllAbsoluteStrength

Originally Posted by jay_eye

Don't know if this is usefull to anyone.

I quickly coded an indicator that uses AllAbsoluteStrength for the datacrunching.
It basicly just creates arrows on the pricechart.
Three basic arrows.
1. When the bull and bear cross each other.
2. When the signal cross the bear or bull.
3. When the bull or bear return brom being above strength and below weakness.

Haven't tested the alerts and I would have wanted to have two extra indicator buffers for 3 where I don't make a difference between bulls going up or bears comming down. Feel free to try it.

Attachment 6240

The arrows are a really useful attachment ... but is it possible to have signals, when the lines cross the level bounds? ... especially the upper bound, when price can trend heavily ...
It would be cool, if someone could do that!

TIA

Originally Posted by mbma

The arrows are a really useful attachment ... but is it possible to have signals, when the lines cross the level bounds? ... especially the upper bound, when price can trend heavily ...
It would be cool, if someone could do that!

TIA

Hi mbma,

Just want to remind you can use the AllAbsoluteStrengthTrend which shows signals when the Bulls/Bears lines cross the levels bounds.

Attachment 11770

Regards,
Igor

Originally Posted by igorad

Hi mbma,

Just want to remind you can use the AllAbsoluteStrengthTrend which shows signals when the Bulls/Bears lines cross the levels bounds.

Regards,
Igor

Thank for the info ... but which settinng is responsible for that? ... sorry, for the maybe stupid question, but I cannot reproduce your chart ... something I must be doing wrong :/

Originally Posted by mbma

Thank for the info ... but which settinng is responsible for that? ... sorry, for the maybe stupid question, but I cannot reproduce your chart ... something I must be doing wrong :/

Hi mbma,

Please try to use the attached template.

Regards,
Igor

Hi igorad,
Could you please explain how you can trade with this nice indi?
Thanks

Hi farzan20,

It may be sued in different ways. For example, I am using it to evaluate the market condition

For example - this is my main market condition chart which i am using all the time:

and this indicator can be with this market condition template as well:

What is the main theory with this indicator? Why we are having the dots etc?

I think - it is related to AllAbsoluteStrength indicator (check the forum wiki to download the latest version):

---

bullish (Bull market) :

bearish (Bear market) :

ranging (choppy market - means: buy and sell on the same time) :

flat (sideways market - means: no buy and no sell) :

correction :

correction in a bear market (Bear Market Rally) :

Originally Posted by igorad

Hi mbma,

Please try to use the attached template.

Regards,
Igor

Thanks a lot! ... now I understand, when the indicator gives a signal

Hi mbma,
Good for you.
Could you please write down your experiments about this indi and signals?

Originally Posted by farzan20

Hi mbma,
Good for you.
Could you please write down your experiments about this indi and signals?

Hi farzan20,
I couldn't make a screenshot now but, I use this settings (from top to down)
0-3-0-11-7-1-3-1-1-80-20-20-1.0-1.0

It gives me quite a good picture what's 'going on' ... BUT I trade options, so I don't know, if my settings are very helpful for you, sorry