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CCI currency strength meter

5

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 five additional currencies to the "comparison pool," that already has the base and the profit (counter) currency. So, in total, you can display up to 7 lines.

Note: This is a multicurrency indicator. So, if you want to test this indicator, I provided the DEMO version that has a lot of limitations. The link to this DEMO version is: https://www.mql5.com/en/market/product/26981

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).
  • History: the number of candles to be displayed.

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. In total, you can display up to 7 currencies.

Suggestion: Watch the provided video to make everything clear and/or check out the DEMO version: https://www.mql5.com/en/market/product/26981.

Comentarios 2
jmhuang
3148
jmhuang 2020.12.20 04:29 
 

i used this indicator for quite some time and it has yielded positive results - overall a very good indicator

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El sistema PRO Renko es un sistema de trading de alta precisión especialmente diseñado para operar gráficos RENKO. Se trata de un sistema universal que se puede aplicar a diversos instrumentos de negociación. El sistema neutraliza eficazmente el llamado ruido de mercado, lo que le brinda acceso a señales de reversión precisas. El indicador es muy fácil de usar y solo tiene un parámetro responsable de la generación de señales. Puede adaptar fácilmente la herramienta a cualquier instrumento com
Auto Order Block with break of structure based on ICT and Smart Money Concepts Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   ,  MTF      ( Multi Time Frame )    Volume Imbalance     ,  MTF          vIMB Gap’s Equal High / Low’s     ,  MTF             EQH / EQL Liquidity               Current Day High / Low           HOD /
M1 Arrow
Oleg Rodin
5 (14)
Una estrategia intradía basada en dos principios fundamentales del mercado. El algoritmo se basa en el análisis de volúmenes y ondas de precios utilizando filtros adicionales. El algoritmo inteligente del indicador da una señal solo cuando dos factores de mercado se combinan en uno. El indicador calcula ondas de cierto rango en el gráfico M1 utilizando los datos del marco de tiempo más alto. Y para confirmar la onda, el indicador utiliza el análisis por volumen. Este indicador es un sistema come
Dibuja automáticamente los niveles de soporte y resistencia MÁS los gaps de las velas de propulsión en su gráfico, para que pueda ver hacia dónde es probable que el precio se dirija a continuación y/o potencialmente retroceda. Este indicador está diseñado para ser utilizado como parte de la metodología de negociación de posiciones que se enseña en mi sitio web (The Market Structure Trader) y muestra información clave para la orientación y entradas potenciales. Hay 2 características PRINCIPA
Introduciendo       Indicador Quantum Trend Sniper   , el innovador indicador MQL5 que está transformando la forma en que identificas y negocias los cambios de tendencia. Desarrollado por un equipo de comerciantes experimentados con experiencia comercial de más de 13 años,       Indicador de francotirador de tendencia cuántica       está diseñado para impulsar su viaje comercial a nuevas alturas con su forma innovadora de identificar cambios de tendencia con una precisión extremadamente alta.
Otros productos de este autor
RSI Currency Strength Meter uses RSI (Relative Strength 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. It displays the strength-lines of the currencies of the pair (base and counter currency of the chart) with changeable solid lines. Also, you can add up to ONE additional currency (only 1 in the DEMO version, in REAL up to 5) to the "comparison pool" that already has the base and the profit (counter) c
FREE
STO Currency Strength Meter DEMO uses Stochastic Oscillator 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. It displays the strength-lines of the currencies of the pair (base and counter currencies of the chart) with changeable solid lines. Also, you can add up to ONE additional currency (only 1 in the DEMO version, in FULL up to 5) to the "comparison pool" that already has the base and the profit (counter) cu
FREE
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 alrea
FREE
RSI Currency Strength Meter uses RSI (Relative Strength 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. It displays the strength-lines of the currencies of the pair (base and counter currency of the chart) with changeable solid lines. Also, you can add up to five additional currencies to the "comparison pool". If you want to look and compare, for example, EUR, USD and JPY, it will only look at the EURUS
STO Currency Strength Meter uses Stochastic Oscillator 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. It displays the strength-lines of the currencies of the pair (base and counter currencies of the chart) with changeable solid lines. Also, you can add up to five additional currencies to the "comparison pool". If you want to look and compare, for example, EUR, USD and JPY, it will only look at the EURUSD, USD
Filtro:
jmhuang
3148
jmhuang 2020.12.20 04:29 
 

i used this indicator for quite some time and it has yielded positive results - overall a very good indicator

sunnychow
8903
sunnychow 2019.12.16 13:23 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 1.3 2020.02.08
- Changes in the main code for faster and broker-friendly loading
- Alerts and Notifications can now be set; lines cross, cross above/below and cross back
- Correlation changed to only text print
- Some small bugs fixed
Versión 1.2 2018.07.30
- Small bug fixed.
Versión 1.1 2018.07.26
New input:
- History - How many candles to load, which results in faster loading and less CPU usage.
Other:
- Small bug fixed that decreases the overall CPU usage.
- The scale and the levels are now as in the CCI indicator (0,100 and -100).