I would really appreciate help on this one.
This is a simple indicator that I would like to implement in one of my strategies. I am basically only looking for the bullish and bearish lines to cross in order to help with a long or short trade confirmation.
Here is the web page where I found the indicator: https://www.forexmt4indicators.com/absolute-strength_v1-indicator-for-metatrader-4/
Please see pic attached.
Regards
Ok, seems similar to DMI, I’ll have a look at let you know.
@Vicari0us why not share how exactly you plan to incorporate this. I am sure the community will be able to better assist with what you are trying to achieve. Many of us have walked this road for a long time 🙂
Hey @juanj
I Just want to use the indicator as a confirmation or entry indicator.
Currently, I am using the Aroon indicator for this, but I believe this one will be more accurate and get me into trends earlier.
But I can’t know for certain unless I can backtest it.
I will share results once I have it up and running.
Regards
The Absolute Strength indicator is now available in the library: Absolute Strength
Awesome Nicolas!
Thank you. Will test it out!