Relative Strength Basket

January 24, 2009 by hyiperz 

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is very popular now, we can found here there are a few thread that discuss and develop about this trading style. So, base on the relative strength, i plan to develop and open discussion about it. The idea is to open the trade of all pairs that related to the currency which have the highest and lowest index value at certain Time Frame. I have write several indicators that will help our observations. Actually, i’m not a coder but I try to make it to help our obeservations. Let me first explain all the indicators that we will use:

CCFp_Experiment.ex4

This is CCFp indicator that i have modified. I change the strength formula and use mine, but all lines looks like the original. We will not use this in our observations but I post it to show you how this formula works. you can check it and bactest. (+) Positive area is STRONG area and (-) Negative is WEAK area. So, if the currency index stay in negative area it’s means the currency is WEAK and if the currency stay at positive area it’s mean the currency is STRONG. Crossing between two currency means the new trend is formed, and the direction of the pairs is following the biggest index.

KG TREND_MTF_MULTIPAIRS.ex4

These are the indicator that show us the direction of pairs movement which is divided by 8 groups (USD, GBP, EUR, CAD, CHF, JPY, NZD and AUD). The indicator will show us all the trend from TF M1 to MN. Lime means Strong Up, Dark Green means Weak Up, Red means Strong Up and Maroon means Weak Up. All trend is calculated using Relative Strength formula.

KG INDEX MTF.ex4

This indicator show us the index value of each currency from Time Frame M1 to MN. All index value is multiply by 10000. Green means the currency is in STRONG area and Red means the currency is in WEAK area. The value show us the index value.

Highest_Lowest_Index.ex4

This indicator tell us which currency have a highest and lowest index value in all TF.

Formula_2.ex4

This is the formula file, all indicators above need this file for calculations. For the coders you can use “iCustom” to use it with the output index 0=usd, 1=eur, 2=gbp, 3=chf, 4=jpy, 5=aud, 6=cad and 7=nzd.

CCFp Highest Lowest Observation.tpl

this the template that will we use for observations.

Just copy all ex4 files to your_metatrader/expert/indicators directory and copy tpl file to your_metatrader/templates and restart you metatrader, open a chart and click the template.

PS: ALL INDICATORS NEED 28 PAIRS FOR CALCULATIONS SO YOU NEED A BROKER WHICH HAS 28 PAIRS.

Relative Strength Basket Trading System

Relative Strength

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Comments

5 Responses to “Relative Strength Basket”

  1. tilong on December 11th, 2009 3:15 am

    this a good stuff for basket trading especially the chart meter..where can we download the file?..thanks

  2. hyiperz on December 11th, 2009 4:42 am

    download it here:

    http://hyiperz.com/go/relative-strength-forex-indicators.zip

  3. abu on January 18th, 2010 6:41 pm

    i would like to test this system
    can u send me the template file
    thnz

  4. Renato on February 5th, 2010 2:14 pm

    I could not find the .tpl file inside the ZIP package.

  5. hyiperz on February 6th, 2010 4:58 am

    @Renato,

    Its an indicator only, not a system, so there’s no .tpl file, just drag the .ex4 file to your chart

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