I would like to have a Currency Strength Indicator to use in JForex but I also have a lack of Java knowledge, therefore I searched forex forums and downloaded several of them written for MT4 and attempted to compile them with JForex with no much success. The three indicators I found and troubles encountered in the compilation are as follows:

1 - This indicator “CCFp_v1.0.2b.mq4” compiles from mq4 to java but when I try to plot it in a chart, it shows only a blank window.

2 - The indicator “CSM original.mq4” fails to compile giving the following error as message:

2015-02-05 07:29:14 Conversion failed! com.dukascopy.converter.ConverterException: Include file [hanover --- function header (np).mqh] not found in directory [C:\Users\Carlos\Documents\JForex\Indicators\].,

3 – The “Build Strength Preset File.mq4” gives the following error once tried to compile it:

2015-02-05 07:35:07 Conversion failed! com.dukascopy.converter.ConverterException: Parse exception Lexical error at line 112, column 47. Encountered: "x" (120), after : "\" TimeFrames = \\",

I attached all the mq4 indicators, is there anyone that could assist me in solving the problems?

Thanking in advance.

Kind regards,

CAD

Hi,

Re-post this in the Converter Issues section of the forum:
viewforum.php?f=124

There you have better chance of getting help from Support...

Is this comparable with the USD Index?
See viewtopic.php?f=77&t=52234

Thanks for both answers.
I will repost to the other section.

I do not know anything about the US index, so I can't give you any opinion.

These indicators rank every currency, not currency pairs.

Cheers

I don't know about the Dollar Index either.

The facility I created ranks, logs and charts:

1) 8 Currencies themselves over time for historical strength analysis, and
2) Ranks 28 Currency Pairs, as well as "Currency Clusters", and
3) Calculates OverBought and OverSold Currency Pairs, relative
to the "Fair Value" of the Currency Cluster, for short term scalps.
4) Charts the 8 major pairs in real time moving relative to each other.
... and much more

Like I said, if it doesn't help you make money by helping you
to find Short Term and Medium Term trade setups, then a
facility is just a "toy". Attached is usage of the facility to choose
which Currency Pair to trade on the London Open, so this is
useful for real trade prediction and setup. The vertical yellow
line is the London Open on that date. So we can see "setup"
on the left, and then what happened during the London Session
to the right.

HyperScalper

Those are many lines vague coding. Can you explain in a few words on what data or calculations a currency is regarded to be strong or weak? If you manage that, the indicator is easy to build.

You can obtain source to various MT4 Currency Meters
and discover the basic principles.

In a nutshell, the starting point (and there are many refinements
after this, to make it really usable) is to examine each of the
major currencies, observed in Currency Pair relationships.

So XXX is observed with UUU/XXX and XXX/YYY and XXX/ZZZ
and so on. I call this a "currency cluster". These individual
observations of "real pricing" where the Currency participates
in the Pair, provides data which when normalized and properly
processed, yields a "relative strength" Index for the Currency
XXX which might be USD for example. The "strength" is factored
out of the various observations as XXX is priced against the
other currencies in its "family".

By aggregating observations of XXX in all of these participating
pairs, in the "cluster" or "family" we can develop a relative
strength index for Currency XXX.

Like I said, starting point source code is available on the
net but to make a usable facility and not a "toy" requires a
lot more work. Better to buy something already done

Or, as it appears, you can do all the R&D and coding work
yourself "for free" ... One thing I've learned, is that Forex
traders are cheap, mostly hobbyists, instead of real businessmen
who are developing a trading operation. (No offense, just fact)

Good Trading, and Good Luck !
HyperScalper

Here is an excellent example how Currency Trending "setup"
prior to a known daily event, the London Session Open...

...can be used to select high probability trades.

Here we can choose to SELL GBP/JPY based upon the relative
strengths, and a "hook" evident in the JPY. Market Makers
or Liquidity Providers "distort" relationships prior to known
events when the Bigger moves are about to be made,
such as London Open.

The result would have been... (hindsight) about an
80 - 100 PIP winner. Your challenge as a trader is to make
this decision before the event, of course.... by recognizing
the elevated probabilities, and the "hook" type setup
features which may be present prior to the event.

HyperScalper