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RFX Forex Strength Meter

5

RFX Forex Strength Meter is a powerful tool to trade 8 major currencies in the Forex market,

  1. U.S. Dollar (USD)
  2. European Euro (EUR)
  3. British Pound (GBP)
  4. Swiss Franc (CHF)
  5. Japanese Yen (JPY)
  6. Australian Dollar (AUD)
  7. Canadian Dollar (CAD)
  8. New Zealand Dollar (NZD)

The indicator calculates the strength of each major currency using a unique and accurate formula starting at the beginning of each trading day of your broker. Any trading strategy in the Forex market can be greatly improved by observing the strength of the major currencies.


Input Parameters

  • Maximum Look Back Days: A positive integer number that indicates the maximum past days over which the past currency strength will be shown.
  • Only Show Chart's Currencies: If this option is set to Yes, the indicator only shows the strength of the currencies that the indicator is attached to. For example, if you attach the indicator to an EURUSD chart, the indicator only shows the strength of EUR and USD. If this option is set to No, the indicator shows all the strength of all the currencies which are enabled below.
  • Show Panel?: If this option is set to Yes, and above option is set to No, a small panel showing the previous and current bars strength will be shown on the top right of the chart.
  • Send Alert at Power Change?: If this option is set to Yes and the panel is enabled, the indicator generates alerts when the most the place of the strongest/weakest currency on the current column changes where you have an opportunity to trade the corresponding pair.
  • Show USD: If this option is set to Yes, the indicator will show the strength of USD.
  • Show EUR: If this option is set to Yes, the indicator will show the strength of EUR.
  • Show GBP: If this option is set to Yes, the indicator will show the strength of GBP.
  • Show CHF: If this option is set to Yes, the indicator will show the strength of CHF.
  • Show JPY: If this option is set to Yes, the indicator will show the strength of JPY.
  • Show AUD: If this option is set to Yes, the indicator will show the strength of AUD.
  • Show CAD: If this option is set to Yes, the indicator will show the strength of CAD.
  • Show NZD: If this option is set to Yes, the indicator will show the strength of NZD.
  • USD Color: The color of USD strength line.
  • EUR Color: The color of EURstrength line.
  • GBP Color: The color of GBP strength line.
  • CHF Color: The color of CHF strength line.
  • JPY Color: The color of JPY strength line.
  • AUD Color: The color of AUD strength line.
  • CAD Color: The color of CAD strength line.
  • NZD Color: The color of NZD strength line.


Important Notes:

  • The indicator ONLY works on brokers who provide the 28 major pairs, which are EURUSD, GBPUSD , USDCHF, USDJPY, EURGBP, EURCHF, EURJPY, GBPCHF, GBPJPY, CHFJPY, USDCAD, EURCAD, GBPCAD, CADCHF, CADJPY, AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDCHF, AUDJPY, EURNZD, NZDUSD, GBPNZD, NZDCHF, NZDJPY, AUDNZD, NZDCAD
  • The indicator automatically identifies major pairs on broker who provide symbols with suffix.
  • In order to show the indicator values over the past bars, the indicator NEEDS THE HISTORY of the 28 major pairs available.

In order to use the indicator you need to download the history data of all 28 major Forex currency pairs. There are two different download processes you need to do,

  1. For strategy tester:
    1. Hit key on your keyboard, it will bring up the history center window.
    2. Find EURUSD and click on it (it will be selected).
    3. Click on button on the window.
    4. When download is finished, go to step (1.2) and repeat the steps up to step (1.4) until the history of all 28 pairs are downloaded.
  2. For live/demo trading:
    1. Open a EURUSD chart (timeframe doesn't matter).
    2. Attach the script LoadAllHistory.ex4 to the chart.
    3. Wait for the script to finish its job.
    4. When download is finished, go to step (2.2) and repeat the steps up to step (2.4) until the history of all 28 pairs are downloaded.

Note: Contact me to send you the script LoadAllHistory.ex4

İncelemeler 1
Nezar Mahir
143
Nezar Mahir 2016.04.22 16:57 
 

I've had a few days to finally test this indicator out. It's a great indicator for filtering trades and exactly what I was looking for. It does a great job of keeping you on the right side of the market. I'll be forward testing ways to optimize the usage, and post back under comments. Focusing on strong and weak currencies is an often overlooked part of trading Forex. Great job on this one Rasoul!

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Kirill Borovskii
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This indicator is based on the mathematics of the great trader W.D. Ganna. With its help, you can easily find strong levels by analyzing swings to find the optimal entry point. The indicator works on all instruments and all timeframes. The indicator is fully manual and has control buttons. All you need to do is press the NEW button, a segment will appear, which you can place on any movement, swing or even 1 candle that you want to analyze. By placing the segment, press the OK button. A grid (th
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Oleg Rodin
5 (14)
Piyasanın iki temel ilkesine dayanan bir gün içi stratejisi. Algoritma, ek filtreler kullanarak hacimlerin ve fiyat dalgalarının analizine dayanmaktadır. Göstergenin akıllı algoritması, yalnızca iki piyasa faktörü bir araya geldiğinde bir sinyal verir. Gösterge, daha yüksek zaman çerçevesinin verilerini kullanarak M1 grafiğinde belirli bir aralıktaki dalgaları hesaplar. Ve dalgayı doğrulamak için gösterge, hacme göre analizi kullanır. Bu gösterge hazır bir ticaret sistemidir. Bir tüccarın ihtiya
3 Indicators in 1 indicator Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This indicator is basically 3 different indicatos . But we have combined these 3 indicators in 1 indicator so that you can use 3 indicators at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : No repaintin
TrendDecoder Premium
Christophe Pa Trouillas
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Aralıkları ve bir sonraki olası hamleleri belirleyin   |  Trendlerin en erken sinyallerini ve gücünü alın   |  Geri dönüşten önce net çıkışlar alın   |  Fiyatın test edeceği Fibo seviyelerini tespit edin Gecikmesiz, takip edilmeyen gösterge - manuel ve otomatik ticaret için ideal - tüm varlıklar ve tüm zaman birimleri için uygun Sınırlı süreli teklif >>   %50 İNDİRİM Satın aldıktan sonra, kişiselleştirilmiş ayarlar için bu kanaldan benimle iletişime geçin . MT5   sürümü:   buraya tıklayın Tam y
Özel MT4 göstergemizle başarılı forex ticaretinin sırrını keşfedin! Forex piyasasında nasıl başarıya ulaşacağınızı hiç merak ettiniz, riski en aza indirirken sürekli olarak kar kazandınız mı? İşte aradığınız cevap! Ticaret yaklaşımınızda devrim yaratacak tescilli MT4 göstergimizi tanıtmamıza izin verin. Benzersiz çok yönlülük Göstergemiz, Renko ve RangeBar Mum oluşumlarını tercih eden kullanıcılar için özel olarak tasarlanmıştır. Bu grafik türlerinin birçok deneyimli tüccar tarafından ter
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Oleg Rodin
5 (29)
Scalper Vault , başarılı bir scalping için ihtiyacınız olan her şeyi size sağlayan profesyonel bir scalping sistemidir. Bu gösterge, forex ve ikili opsiyon tüccarları tarafından kullanılabilecek eksiksiz bir ticaret sistemidir. Önerilen zaman çerçevesi M5'tir. Sistem size trend yönünde doğru ok sinyalleri sağlar. Ayrıca size üst ve alt sinyaller ve Gann piyasa seviyeleri sağlar. Göstergeler, PUSH bildirimleri dahil her türlü uyarıyı sağlar. Göstergeyi satın aldıktan sonra lütfen benimle iletişim
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Stefano Frisetti
5 (3)
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
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PZ TRADING SLU
4.75 (4)
Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whipsawed Recognize profitable pullbacks, breakouts and early reversals The ind
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Opengates Success International
5 (2)
TAM FOREX PİYASASI GÖRÜNÜMÜ Pano Göstergesi Bu, Yatırımcılara piyasada neler olup bittiğine dair tam bir görüş sağlamak için oluşturulmuş özel bir göstergedir. Piyasaya erişmek ve başarılı ticaret yapmak için gereken her türlü bilgiyi görüntülemek için gerçek zamanlı bir veri kullanır. KURULUM: Bu Göstergeyi pencere grafiğinize eklemeden önce, MT4'ünüzün Piyasa İzleme paneline gidin ve ihtiyaç duymadığınız veya ticaret yapmadığınız tüm Döviz çiftlerini GİZLEYİN ve geri kalanını orada bı
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
Tanıtım       Kuantum Trend Keskin Nişancı Göstergesi   , trend tersine dönmeleri belirleme ve ticaret yapma şeklinizi değiştiren çığır açan MQL5 Göstergesi! 13 yılı aşkın ticaret tecrübesine sahip deneyimli tüccarlardan oluşan bir ekip tarafından geliştirilmiştir.       Kuantum Trend Keskin Nişancı Göstergesi       trend dönüşlerini son derece yüksek doğrulukla belirlemenin yenilikçi yolu ile ticaret yolculuğunuzu yeni zirvelere taşımak için tasarlanmıştır. ***Kuantum Trend Keskin Nişancı Gö
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STE S.S.COMPANY
4.83 (88)
Trend Göstergesi, Trend Alım Satım ve Filtreleme için Çığır Açan Benzersiz Çözüm, Tüm Önemli Trend Özellikleriyle Tek Bir Araç İçinde Yerleştirildi! Forex, emtialar, kripto para birimleri, endeksler ve hisse senetleri gibi tüm sembollerde/araçlarda kullanılabilen %100 yeniden boyamayan çoklu zaman çerçevesi ve Çoklu para birimi göstergesidir. Trend Screener, grafikte noktalarla ok trend sinyalleri sağlayan etkili bir trend trend göstergesidir. Trend analizörü göstergesinde bulunan özellikler: 1.
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5 (8)
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Volatility Trend System - girişler için sinyaller veren bir ticaret sistemi. Oynaklık sistemi, trend yönünde doğrusal ve noktasal sinyaller ve ayrıca yeniden çizme ve gecikme olmaksızın trendden çıkmak için sinyaller verir. Trend göstergesi, orta vadeli trendin yönünü izler, yönünü ve değişimini gösterir. Sinyal göstergesi volatilitedeki değişikliklere dayalıdır ve piyasa girişlerini gösterir. Gösterge, çeşitli uyarı türleri ile donatılmıştır. Çeşitli alım satım araçlarına ve zaman dilimler
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5 (1)
RFX EasyTrade  is a professional panel to make your trades as easy as possible. You can perform scalping by acting fast and efficient. You can draw a box or a trend line and let RFX EasyTrade to catch a breakout and manage the trade automatically. You can set pending orders and set Order-Cancels-Order easily. If you are a fan of Martingale strategy just set a few settings on the panel and let RFX EasyTrade to automatically manage the trades. You can trade based on time without waiting long time
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Rasoul Mojtahedzadeh
Bull Bear Powers indicator shows the absolute power of bulls and bears in the market. Both powers are shown simultaneously with red and green colors for bear and bull powers respectively. When red line goes over the green line it means that bears are controlling the market. When green line goes over the red line it means that bulls are controlling the market. The green/red horizontal symbol line at the bottom of the indicators shows which party has more strength. Time Frame: M30 and H1 are recom
RFX Market Speed
Rasoul Mojtahedzadeh
RFX Market Speed is an indicator designed to measure a new dimension of the market which has been hidden from the most traders. The indicator measures the speed of the market in terms of points per second and shows the measurements graphically on the chart, and saves the maximum bullish and bearish speeds per each bar. This indicator is specially designed to help the scalpers of any market with their decisions about the short bias of the market. Note: The indicator uses real-ticks and CANNOT be
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Rasoul Mojtahedzadeh
5 (1)
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Rasoul Mojtahedzadeh
The RFX Forecast Bands indicator calculates the three significant confidence levels, 99%, 95% and 68% of price movement for a configurable number of bars in the future. The essence of calculations is based on statistical analysis of the asset's recent price changes. These levels can be used for many different purposes in trading systems. For example, one can use them for setting the target profit and stop loss levels effectively. The extreme upper and lower bands represent 99% confidence level,
RFX Market Speed is an indicator designed to measure a new dimension of the market which has been hidden from the most traders. The indicator measures the speed of the market in terms of points per seconds and shows the measurement graphically on the chart, and saves the maximum bullish and bearish speeds per each bar. This indicator is specially designed to help the scalpers of any market with their decisions about the short bias of the market. The indicator uses real-ticks and cannot be fully
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5 (1)
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RFX5 Trendometer
Rasoul Mojtahedzadeh
Identifying the trend of the market is an essential task of traders. Trendometer implements an advanced algorithm to visualize the trend of the market. The major focus of this indicator is to evaluate the market in the lower time frames (i.e., M1, M5 and M15) for the scalping purposes. If you are a scalper looking for a reliable indicator to improve your trade quality, Trendometer is for you. The indicator runs on a separate window showing a histogram of red and green bars. A two consecutive gre
This expert advisor implements the conventional quantitative trading algorithm known as Pairs Trading. It operates by identifying a hedge ratio between two correlated trading symbols, thereby generating a synthetic stationary symbol suitable for trading through a mean-reversion strategy. The expert advisor dynamically computes the optimal hedge ratio for the selected symbols and initiates synthetic BUY/SELL positions when the spread of the synthetic price deviates from the mean level, reaching e
RFX5 Bull Bear Powers   indicator shows the absolute power of bulls and bears controlling the market. Both powers are shown simultaneously with red and green colors for bear and bull powers respectively. When red line goes over the green line it means that bears are controlling the market. When green line goes over the red line it means that bulls are controlling the market. The green/red horizontal symbol line at the bottom of the indicators shows which party has more strength. Time Frame:   M3
Filtrele:
Nezar Mahir
143
Nezar Mahir 2016.04.22 16:57 
 

I've had a few days to finally test this indicator out. It's a great indicator for filtering trades and exactly what I was looking for. It does a great job of keeping you on the right side of the market. I'll be forward testing ways to optimize the usage, and post back under comments. Focusing on strong and weak currencies is an often overlooked part of trading Forex. Great job on this one Rasoul!

İncelemeye yanıt
Sürüm 1.20 2023.04.18
- Now it works on brokers that do not offer all 28 Forex major pairs. Note that in this case the accuracy of the indicator will be reduced.
- Improve performance.
. Improve stability of the indicator.
Sürüm 1.16 2020.03.23
- Improves performance
Sürüm 1.14 2017.04.14
- Performance improved.
- A new button added to easily change between showing the current currency pair strength and the whole major Forex pairs.
- Bug fixes.
Sürüm 1.11 2016.09.05
- A bug in the detection of the beginning of a day is fixed
Sürüm 1.10 2016.02.02
- Template artifacts problem solved.