YFX Wing Patterns

The Wing Patterns indicator scans for many different kinds of Patterns using an XABCD structure. The term Wing Pattern is used to refer to all types of patterns based on a general XABCD structure, which is plotted in an alternate high-low extreme form. If you connect these points on a chart, it usually looks like the wings of a butterfly, thus the name Wing Pattern. These patterns fit very well with the Harmonic patterns. Other patterns that can be searched are stored in an external file.
YFX Candle Patterns

The Candle Patterns indicator provides a visual display of candlestick patterns. There are more than 100 patterns that can be displayed. The indicator allows for candles on the chart to be grouped and considered as one candle. This allows the price action within a candle to be observed in the context of a candlestick pattern. The number of bars per candle can be set in the parameters
YFX Symbol Watermark

The YFX Symbol Watermark indicator is used to display a watermark on your chart, which makes it easy to see at a glance the symbol information for any chart. The displayed information includes: Symbol Name and Timeframe, Description of the currencies, Tag line (which can contain any user-defined information), and Watermark Image (which is displayed on chart).
Paid Online Writing Jobs

This job posting is looking to hire people for entry-level article writing positions from all countries. Entry-level article writing jobs are not for professional writers, but you need basic English writing skills and the ability to research topics. Here are the job details…
Forex Signals: 1000 pip Builder

Would you like to succeed at Forex trading? Fast track your success and follow the high performance Forex signals from 1000pip Builder. These Forex signals are rated 5 star on Investing.com , so you can follow every signal with confidence. All signals are sent by a professional trader with over 10 years investment experience. This is a unique opportunity to see with your own eyes how a professional Forex trader trades the markets.
Wealth Manisfestation

Wealth DNA Code is an audio program that focuses on activating and balancing one’s Root Chakra - the Chakra relating to our basic needs and survival instincts. We like to think of the Root Chakra as our “Wealth DNA”. Once balanced/ activated, users will feel a sense of stability and security; allowing them to make wise and secure financial decisions. Upgrade options include tracks that target specific areas of life.
Paying Social Media Jobs

Today, many people are worried about their professional future. Solutions exist to overcome the crisis we are going through. For those who are looking for a new job that allows them to work remotely, there are many online job offers. If you are part of them, why don’t you have a look at this new offer:
Business Credit Builder

DISCOVER THE INCREDIBLE HIDDEN WEALTH SECRET INSIDE YOUR CREDIT REPORT THAT CAN UNLOCK UP TO $1 MILLION IN CASH FOR ANY PURPOSE. Step by step guide from building personal credit to business credit. Business credit cards, Personal credit cards, rehab financing and flip real estate.
Fan Page Robot

Automated app to grow your social media fanbase. Innovative Features: One-Click Viral Content Generator, Lead & Revenue Generation, Generate Hashtags to Get More Likes and Followers, Autopilot Your Social Networks and Wordpress Blogs, etc.

You are here

YFX Currency Strength

	This is a very simple indicator that displays the relative strength values of the currencies on te current chart and timeframe. The strength is only calculated for the currencies: AUD - Australian Dollar CAD - Canadian Dollar CHF - Swiss Franc EUR - European Union Euro GBP - Great Britain Pound JPY - Japanese Yen NZD - New Zealand Dollar USD - United States Dollar These are considered the major currencies in the world. There are 28 distinct combinations of major currency pairs. Other currency values are not included in the calculation. Sometimes, there are no direct quotes for some currency pairs. Quotes in this situation are then derived from other currency pairs. If derived values are use then only a few real quotes are needed for major currency pairs. In derived mode, quotes are only need for: AUD/USD EUR/USD GBP/USD NZD/USD USD/CAD USD/CHF USD/JPY These are the main pairs that are quoted directly against the USD. All the other currency pair values are derived from the above pairs. If using the derived values, then only the main pairs are required to be included in the terminal. Else all pairs are required if not using the derived mode. If the derived mode is used then estimated values are created in cases where a currency pair is not available. USAGE Using the indicator is very simple. Add it to any chart containing one of the 28 supported currency pairs. The indicator shows the currency pair and strength values, e.g. Currency Strength (EUR / USD) 3.4 / 5.4 The first number, e.g. 3.4, is the relative strength of the first (base) currency, e.g. EUR. The second number, e.g. 5.4, is the relative strength of the second (quote) currency. Only the current time frame is used in calculations. Relative strength values range between 9.0 and 0.0. Higher values are stronger. In the above example, USD's value of 5.4 is greater than the EUR's 3.4 and thus USD is stronger than the EUR. The amount of the difference between relative strength values is important. A large difference usually indicates a trend moving in the direction of the stronger currency. Smaller differences will usually indicate range-bound conditions. Notifications are available for this indicator. The spread, i.e. absolute difference, between the relative strength values is used for notifications where an e-mail can be sent when the spread reaches a certain level. For example, if the spread alert level is set at 1.0 for the above example, an e-mail would be sent because the absolute difference is 2.0. NOTES Only the current symbol and current time frame are used for all calculations. Changing the symbol or time frame will cause all calculations to re-calculate. PARAMETERS The Currency Strength has many configurable parameters. This allows for all aspects of the indicator to be changed for the user’s preferences. The parameters are divided into the following categories: Yancy Indicator Parameters Candlestick Parameters Currency Strength Parameters Display Parameters Font Parameters Message Parameters Quiet Time Parameters Message Info Parameters Debug Parameters It should be noted that the user does not have to change any parameters for the indicator to work. All parameters have default values that have the lowest impact on the indicator and user. The Currency Strength is designed to work perfectly by just placing it on a chart. Yancy Indicator Parameters These parameters control the overall functionality of the indicator. More specifically, it controls how the Currency Strength is used within the trading terminal. The parameters in this section are: IndicatorName – Default: YFX Currency Strength This is the indicator name that is displayed in the chart data window. Changing this value does not impact the indicator’s calculations. IndicatorOffset – Default: 0 The indicator calculations are made on the current data bar by default. This value can change the default and force calculations to be made based on previous bars. It is recommend to leave this parameter set to the default value. CalculationIntervalSeconds – Default: 60 Calculation of strength values is done on a set interval of seconds. This interval frequency is controlled by this parameter. The interval can be set to any number of seconds. CandlestickParameters The candlestick parameters control how much candle data is used in the calculations. Parameters in this section are: UseCandles – Default: false Some candle patterns can be used in making calculation. This functionality can be enabled by setting this parameter to ‘true’. By default, the candle integration is disabled MaxCandleLookBackPeriods – Default: 100 The default number of periods to use when calculating the currency strength values. More periods can give a more accurate strength values. This can be changed by the user according to the user’s preferences. Currency Strength Parameters The Currency Strength parameters allow users to customize the currency strength calculations. The default values should work perfectly. More advanced users may want to change the definitions. Parameters in this section are: UseCurrencyStrength – Default: false This is a flag to indicate whether the currency strength indicator should be used in trading decisions. This flag is only used by YancyFX Expert Advisors (EAs). Changing this value has no impact on the indicator functionality. StrengthPeriodMinutes – Default: CS_MINUTES_CHART This parameter determines which time period should be used in calculating the currency strength values. By default, the current symbol and time frame. Changing the value of this parameter will impact the underlying calculations but will not change the current chart symbol or time frame. UseStrengthSpread – Default: false Use the spread between the currency strengths for messaging or trading decisions. The strength spread is tracked between two currencies. Generally, a trader wants to trade a strong currency against a weak currency. The spread indicates how strong one currency is against another currency. StrengthSpreadAlerts – Default: 4.0 The spread difference on which an alert will be triggered. A value above this parameter's value will trigger the alert. Only one alert per period can be generated. This helps to prevent repetitive messages from being sent during a single time period. UseDerivativeCalculations – Default: false The flag to indicate whether to use "Derived Mode" for calculating currency strengths. The strength values are estimated in this mode. Derived calculations may be useful if some currency pair quotes are not available. Display Parameters The display of the currency strength indicator can be controlled by the user, who can choose to display where the indicator is displayed. Parameters in this section are: DisplayCorner – Default: CS_CORNER_TOP_RIGHT This parameter determines where to display the currency strength indicator. The indicator can be displayed in any corner on the chart. If the 'CS_CORNER_NONE' option is selected, then the indicator will be displayed in the comment field on the chart. DisplayColumnX – Default: 5 The horizontal location at which to display the indicator on the chart. The number represents the number of pixels to offset from the corner that is selected in DisplayCorner. DisplayRowStartY – Default: false The vertical location at which to display the indicator on the chart. This number represents the number of pixels to offset from the corner that is selected in DisplayCorner. Font Parameters Colors can be strongly preferred by users. The Currency Strength indicator allows all colors to be changed according to each user’s preference. The specific colors do not change the underlying calculations of the indicator. Parameters in this section are: DefaultFont – Default: Verdana The font used to show indicator. This can be changed to any font name available on the trader's computer. DefaultFontSize – Default: 10 The default size of the font shown on the screen. This can be set to any value (whole number). DefaultColor – Default: Yellow The color of the text shown on indicator. Any color can be selected. SignalColor – Default: Red The color of the text to show indicator when an alert is triggered. Message Parameters The message parameters determine how the indicator alert notifications are conveyed to the user. There are several option and the user can select which ones to use at any time. Multiple options can be enabled simultaneously. Parameters included in this section are: DoShowComments – Default: false Messages can be displayed in the comment section on the chart. By default, this option is disabled. Users can enable the option by setting parameter to ‘true’. DoShowAlerts – Default: false Alerts can be displayed on the chart. By default, this option is disabled. Users can enable the option by setting parameter to ‘true’ DoMailMessages – Default: false Messages can be emailed to users if this option is enabled. By default, the option is disabled but can be enabled by setting the parameter to ‘true’. It is important that the user ensures that the mail options are configured and working in the trading terminal. DoPushNotifications – Default: false Messages can be pushed to a user’s mobile phone application. This option is disabled by default but can be enabled by setting the parameter to ‘true’. It is important that push notifications be configured correctly in the user’s trading terminal and mobile application. DoPrintJournal – Default: false Messages can also be written in the terminal’s journal. These messages are disabled by default but can be enabled by setting the parameter to ‘true’. DoPrintFile – Default: false Messages can be written to an external file on disk in the ‘Files’ folder. By default, this option is disabled by default but can be enabled by setting the parameter to ‘true’. DefaultMessageFileName – Default: YFX_Messages.log If the print to file option is enabled, then message notifications are written to a file with this name in the ‘Files’ folder. Quiet Time Parameters The quiet time parameters control when notification messages are conveyed to the user. Parameters in this section specify a time period when all notifications are disable. Settings in this section override the message parameters and alert parameters. No notification will be sent during quiet time. Parameters in this section are: DoQuietTime – Default: false The quiet time process can itself be enabled or disable. It is disabled by default and that means that all alert message notifications will be sent when they are generated. Quiet time can be enabled by setting this parameter to ‘true’. QuietTimeStart – Default: 01:00 If quiet time is enabled, then this parameter sets the start time of the period. No alert message notifications will be sent after this time. This parameter is only used if quiet time is enabled. It is ignored if quiet time is disabled. QuietTimeEnd – Default: 07:00 If quiet time is disabled, then this parameter sets the end time of the period. No alert message notifications will be sent before this time. The parameter is only used if quiet time is enabled. It is ignored if quiet time is disabled. Message Info Parameters The message info parameters are used to configure if internal statistics are maintained by the indicator. The information is generally not needed by the user. Thus, it is recommended to leave the options disabled. Parameters in this section are: EnableInfo – Default: false This parameter allow the statistics to be maintained by the indicator. It is disable by default but can be enabled by setting its value to ‘true’. If enabled, then statistical information will be maintained internally. That information would then be conveyed to user when the indicator starts and stops. Debug Parameters Sometimes it may be necessary to debug the indicator. Debugging can be configured with the parameters in this section. Debugging would cause a great number of messages to be generated if enabled. It is highly recommended to leave debug disabled. Parameters in this section are: EnableDebug – Default: false Debugging can be enabled or disabled. By default, it is disabled and no debugging information is generated. Debugging can be enabled by setting this parameter to ‘true’. It is highly recommended to leave this option disabled as the amount of debug logging can be huge and slow down the trading terminal. DebugLevel – Default: DEBUG_LEVEL_NONE The amount of debugging information can be configure. By default, no information is generated. This is a drop down list and the user can select any one of the values in the list. UseDatedLogs – false If debugging is enabled, the information is written to an external file. The name of the file can be coded to contain the date of the log file.
Screen Image 1 GBP/USD Example
Screen Image 2 EMA Crosses
Buy from MQL Market

Facebook

Like us on Facebook

Advertisement

Who's Online

There are currently 0 users online.

Who's new

ThomasThulp
ryancy
yfx_admin

Visitors

Total Visitors: 1784519
Unique Visitors: 53376
Registered Users: 5475
Published Nodes: 351
Your IP: 172.71.172.137
Since: 04/17/2023 - 16:53

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Any statements regarding income, whether expressed or implied, do NOT represent a guarantee. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Any opinions, news, research, analysis, prices, or other information contained on this website or promotional material is provided as general market commentary, for educational purposes only, and does not constitute investment advice or a solicitation to buy or sell any Forex contract or securities of any type. YancyFX will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Copyright (c) 2007-2024. YancyFX. All Rights Reserved.