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A great person, brilliant trader and a good friend. This project was a remarkable experience for me.
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Here's the Requirements Of Currency Strength Indicator To Be Made ~
1. The Indicator Should be Able To Calculate the Real time Values Of index, based on the formulas attached on the Excel sheet.
2. The indicator, should calculate the values based on the candle close.
3. The Indicator should Have Multiple Timeframe capability.
4. Please Note, That if We keep Indicator Timeframe as 1 hour, it should not change it's Value in the mid of 1 Hour.! If We keep the indicator loaded on a 15 min chart.
5. The Indicator, should be able To produce the Values in the data window, as displayed in the Order Wise, (Refer Excel)
6. The Indicator should create an another indicator window in the Chart, where it should display all the values of index.
7. If I keep the chart of EURUSD , it should be able to give only the Values of Eur & USD or all indexes ..option like true or false can be given to do that.
8. If We keep Eurusd chart, when the base currency value becomes higher than the quoted currency (the value of EUR is greater than USD), it should show a buy Arrow. If the values of EUR is lesser than USD, it should show Sell Arrow. The indicator should be capable to Reading the base and quote currencies.
9. Alert option, whenever there's a crossover.
10. Two timeframe options has To be given in the Indicator. That means when I fix, 15 & 1 hour As timeframe, loaded on a 5 min chart, it should a buy arrow on EURUSD chart, when EUR value is greater than USD on both 5 min & 1 hour chart based on the previous candle close.
Please find the attached Excel for the formulas & calculations.
Let me know if you've any queries.
Regards,
Kishore
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