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CCI currency strength meter DEMO

CCI Currency Strength Meter uses CCI (Commodity Channel Index) to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. If you load this indicator on a chart, it will first display the strength-lines of the currencies (base and counter currency of the chart) with changeable solid lines. Also, you can add up to ONE additional currency (only 1 for the DEMO version, but on REAL up to 5) to the "comparison pool" that already has the base and the profit (counter) currency of the pair.

Settings for the CCI indicator used:

  • CCI period: the period of the CCI (14 by default),
  • Apply to: which price should CCI be based on (close, open, high, low, median...),
  • Smoothing Factor: so that the lines don't look choppy; less or 1 = No smoothing, and 2 or more = smoothing applied (the smoothing factor applies to the CCI currency strength meter indicator, and not to the CCI used).

Lines formatting for the base and counter currency:

  • Color of the base currency: self-explanatory, select the color for the base currency,
  • Width: width of the line of the base currency,
  • Style: line style (solid, dash, dot...),
  • Color of the profit currency: color for the counter currency,
  • Width: width of the line of the profit currency,
  • Style: the style of the line of the profit currency (solid, dot, dash...).

Next is formatting for the additional 5 currencies (this one example is the same for all 5):

  • Currency n: write in the 3 letters symbol of the currency you want to display (examples: "eur" or "aUd" or "usD" or "NZD".."Btc" - all these formats are acceptable)
  • Color: color of that selected currency,
  • Width: line width,
  • Style: line style (if width is 1).

The same is for the next 4 currencies.

Limitations of the DEMO version:

  • You can only display 1 additional line. Usually, the indicator takes the first available one, and ignores the rest!

Also, visit the REAL version of this indicator here: https://www.mql5.com/en/market/product/26899

  • Suggestion: Wach the provided video to make everything clear.
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on free demo press zoom out button to see back.. cnt number is bar numbers.you can change up to 3000 related to chart bars numbers. minimum value is 500. there is g value set to 10000. no need to change it. this indicator almost grail,no repaint and all pairs ,all timeframe indicator. there is red and blue histograms. if gold x sign comes on red histogram that is sell signal. if blue x sign comes on blue histogram that is buy signal. this indicator on thise version works all pairs.al timeframe
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Version 1.1 2019.06.03
- Time Frame limitation removed.
- A few bugs fixed.