Premium7 468x60 forex
Page 1 of 9 1 2 3 ... LastLast
Results 1 to 10 of 88
Like Tree22Likes

AllAbsoluteStrength

This is a discussion on AllAbsoluteStrength within the Trading tools forums, part of the Trading Forum category; Hi All, Please take a look at the advanced AllAbsoluteStrength_v2 indicator which uses AllAverage_v3.1 . This indicator can be considered ...

          
   
  1. #1
    Developer igorad's Avatar
    Join Date
    Feb 2013
    Posts
    1,695
    Follow igorad On Twitter Add igorad on Facebook Add igorad on Google+
    Add igorad on Linkedin

    AllAbsoluteStrength

    Hi All,

    Please take a look at the advanced AllAbsoluteStrength_v2 indicator which uses AllAverage_v3.1.
    This indicator can be considered as an alternative to the well known RSI, Stochastic and DMI, as far as their methods of calculation based on Buyers and Sellers strengths. Despite of the enumerated indicators, the calculation is performed in points, not in a percentage. It gives a possibility to appreciate finer-grained market strengths and avoid such sufficient disadvantages as "stuck" in the strong trend for Stochastic.

    In the given version of the indicator there is a possibility to build levels of Strength (Strength Level) and Weakness (Weakness Level) using three ways:

    • OverBought/OverSold levels (OverBought/OverSold),as in the RSI and Stochastic, regulated by StrengthLevel and WeaknessLevel parameters (for example, 80 and 20).
    • The channel of the standard deviations regulated by LookBackPeriod parameters and coefficients for the upper (UpperMultiplier) and lower (LowerMultiplier) bound of the channel.
    • High/Low Channel drawn on the principle of the price channel is regulated by the LookBackPeriod, StrengthLevel and WeaknessLevel parameters.


    AllAbsoluteStrength-allabs_2-1.gif


    Regards,
    Igor



    UPDATES:

    2013.04.22 - version v2.1: 1 minor bug fixed.
    Attached Files Attached Files

  2. #2
    Developer igorad's Avatar
    Join Date
    Feb 2013
    Posts
    1,695
    Follow igorad On Twitter Add igorad on Facebook Add igorad on Google+
    Add igorad on Linkedin
    Important: Please download fixed version v2.1.
    fxpreneur likes this.

  3. #3
    Junior Member
    Join Date
    May 2013
    Posts
    8
    sir newdigital
    what is this indicator below?
    AllAbsoluteStrength-ascbtichim.gif

  4. #4
    Administrator newdigital's Avatar
    Join Date
    Feb 2013
    Posts
    8,383
    Blog Entries
    861
    Follow newdigital On Twitter Add newdigital on Facebook Add newdigital on Google+ Add newdigital on MySpace
    Add newdigital on Linkedin
    This is Trend indicator (almost same with iTrend but with different visualization). Indicator is attached to this post.

    AllAbsoluteStrength-eurusd-m30-alpari-nz-limited-trend-indicator.png
    Attached Files Attached Files
    debashis likes this.

  5. #5
    Junior Member
    Join Date
    May 2013
    Posts
    8
    thank you sir

  6. #6
    Junior Member
    Join Date
    Jun 2013
    Posts
    21
    Thanks Igorad for advanced version of AbsoluteStrength
    Would it be possible for you to mod. this indicator so it draws(dot or arrow) on chart according to their strength ?

  7. #7
    Developer igorad's Avatar
    Join Date
    Feb 2013
    Posts
    1,695
    Follow igorad On Twitter Add igorad on Facebook Add igorad on Google+
    Add igorad on Linkedin
    Quote Originally Posted by secretcode View Post
    Thanks Igorad for advanced version of AbsoluteStrength
    Would it be possible for you to mod. this indicator so it draws(dot or arrow) on chart according to their strength ?
    Hi secretcode,

    Please explain more concretely what you want to see on the chart because there could be a lot of combinations to draw arrows.

    Regards,
    Igor

  8. #8
    Junior Member
    Join Date
    Jun 2013
    Posts
    21
    Quote Originally Posted by igorad View Post
    Hi secretcode,

    Please explain more concretely what you want to see on the chart because there could be a lot of combinations to draw arrows.

    Regards,
    Igor
    Thanks Igor for consideration
    Please see the picture what i have in my mind for signals (Arrows) !
    Vertical lines in sub window are just for consideration (not part of indicator) when to draws signals on chart window but please improve it as per your experience if possible

    Best Regards,
    secretcode
    Attached Thumbnails Attached Thumbnails AllAbsoluteStrength-arrow.png  

  9. #9
    Member
    Join Date
    Jun 2013
    Posts
    81
    Quote Originally Posted by igorad View Post
    Hi All,

    Please take a look at the advanced AllAbsoluteStrength_v2 indicator which uses AllAverage_v3.1.
    This indicator can be considered as an alternative to the well known RSI, Stochastic and DMI, as far as their methods of calculation based on Buyers and Sellers strengths. Despite of the enumerated indicators, the calculation is performed in points, not in a percentage. It gives a possibility to appreciate finer-grained market strengths and avoid such sufficient disadvantages as "stuck" in the strong trend for Stochastic.

    In the given version of the indicator there is a possibility to build levels of Strength (Strength Level) and Weakness (Weakness Level) using three ways:

    • OverBought/OverSold levels (OverBought/OverSold),as in the RSI and Stochastic, regulated by StrengthLevel and WeaknessLevel parameters (for example, 80 and 20).
    • The channel of the standard deviations regulated by LookBackPeriod parameters and coefficients for the upper (UpperMultiplier) and lower (LowerMultiplier) bound of the channel.
    • High/Low Channel drawn on the principle of the price channel is regulated by the LookBackPeriod, StrengthLevel and WeaknessLevel parameters.


    Click image for larger version. 

Name:	allabs_2-1.gif 
Views:	1209 
Size:	69.2 KB 
ID:	827


    Regards,
    Igor



    UPDATES:

    2013.04.22 - version v2.1: 1 minor bug fixed.
    thanks fore share it but i don't know about this indicator pls tell me is it repainted????

  10. #10
    Administrator newdigital's Avatar
    Join Date
    Feb 2013
    Posts
    8,383
    Blog Entries
    861
    Follow newdigital On Twitter Add newdigital on Facebook Add newdigital on Google+ Add newdigital on MySpace
    Add newdigital on Linkedin
    Quote Originally Posted by lion of gail View Post
    thanks fore share it but i don't know about this indicator pls tell me is it repainted????
    No, it does not repaint. AllAbsoluteStrength is famous indicator and I am using it to estimate the market condition in the morning for example.

Page 1 of 9 1 2 3 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •