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31. 7. 2023

Total Power Indicator – TPI

31072023_SqTotalPowerIndicator.zip

Works in SQX 137 and higher.

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

You can easily do your conditions in Custom blocks. More information you can find here:

In this module, you can also modify the custom blocks – change the periods, change the steps, etc.

How to import custom indicators to SQX:

https://strategyquant.com/doc/programming-for-sq/import-export-custom-indicators-and-other-snippets/

clonex / Ivan Hudec clonex / Ivan Hudec93 posts

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28. 10. 2023 4:30 pm

excellent Thank you Ivan !!!!

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20. 12. 2023 11:00 pm

Hello Ivan.

Can you please explain how i can create for the Total Power Indicator the Blocks “TPI-Bull Power is over TPI Bear Power” for the condition Up-Trend an vice versa for the Down-Trend.
Your CCI-Example explains only one indicator line, but the TPI has 3 lines (Bull Power, Bear Power, Total Power).

Thank you.

Greetings Arvid

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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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