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MQLTA Currency Strength Matrix DEMO

2

Currency Strength Matrix (CSM) is an indicator that will show you the current strength of the major currencies in several timeframes allowing you to sort the currencies for strength and spot possible trading setups. This indicator is ideal for scalping and in all those events of sudden big moves.

This DEMO only shows 4 currencies and 4 timeframes, for the full version please check https://www.mql5.com/en/market/product/24252


How does it work?

The CSM compares the value of the current moving average with the same moving average in the previous candle for all the 28 pairs and all 9 timeframes producing a Matrix of Strength of the individual currencies. The currencies are then ordered by strength in your desired timeframe.

For example, if you sort the currencies for timeframe H1, you will see the currencies ordered for strength in the H1, on top there will be the currencies with the greatest net gain and on the bottom the currencies with the deepest net loss in their moving average value (always considering all the pairs where a currency is involved).


How To Trade with the CSM?

These are only suggested entry rules, you can adapt your trading to this indicator:

  • A currency with all positive differences (green) is strong and a B (for BUY) will appear in the last column, meaning the currency can be bought
  • A currency with all negative differences (red) is weak and a S (for SELL) will appear in the last column, meaning the currency can be sold
  • Try to trade the strongest against the weakest

BUY STRONG - SELL WEAK. CSM will show you the ideal combination of strongest and weakest and notifications are available.


When to use CSM?

The Currency Strength Matrix is a very fast and reactive indicator, ideal for the following, but not only:

  • Scalping
  • Trend Continuation
  • Break out
  • News
  • Market Open
  • Closing gaps
  • Sudden big moves


Notifications

Not available in the DEMO version, check https://www.mql5.com/en/market/product/24252 for full features


How to Backtest

CSM runs calculations on 28 pairs and 9 timeframes hence backtesting will not work properly unless you download the historical data for all the pairs and all the timeframes and actually open all the charts scrolling to their left. To try the full version, visit https://www.mql5.com/en/market/product/24252, you can also rent the full version for only one month at a low price.


Parameters

  • Indicator's Name - used to draw objects
  • MA Period - period of the moving average to calculate
  • MA Method - type of the moving average to calculate
  • Show Values or just Colors - see the net value of difference in the cell or just the color
  • Sort strength by - which period to sort the strength for
  • Pairs Prefix - prefix of the pair, if any
  • Pairs Suffix - suffix of the pair, if any
  • Horizontal offset - starting position of the panel on x axis
  • Vertical offset - starting position of the panel on y axis

If you like this tool please take a minute to leave a review.

If you have suggestions to improve it please send me a message and we can discuss it further.

Feel free to visit my profile and "Add to friends" https://www.mql5.com/en/users/mql4autotrading.

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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
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
DERZEIT 31% RABATT! Die beste Lösung für jeden Newbie oder Expert Trader! Dieser Indikator ist ein einzigartiges, qualitativ hochwertiges und erschwingliches Handelsinstrument, da wir eine Reihe von proprietären Funktionen und eine geheime Formel eingebaut haben. Mit nur EINEM Chart liefert er Alerts für alle 28 Währungspaare. Stellen Sie sich vor, wie sich Ihr Handel verbessern wird, weil Sie in der Lage sind, den genauen Auslösepunkt eines neuen Trends oder einer Scalping-Gelegenheit zu e
Trend Screener
STE S.S.COMPANY
4.83 (88)
Trendindikator, bahnbrechende, einzigartige Lösung für Trendhandel und -filterung mit allen wichtigen Trendfunktionen in einem Tool! Es handelt sich um einen 100 % nicht neu zu malenden Multi-Timeframe- und Multi-Währungs-Indikator, der für alle Symbole/Instrumente verwendet werden kann: Forex, Rohstoffe, Kryptowährungen, Indizes und Aktien. Trend Screener ist ein effizienter Trendfolgeindikator, der Pfeiltrendsignale mit Punkten im Diagramm liefert. Die Funktionen, die im Trendanalysator-Indika
PRO Renko System ist ein hochpräzises Handelssystem, das speziell für den Handel mit RENKO-Charts entwickelt wurde. Dies ist ein universelles System, das auf verschiedene Handelsinstrumente angewendet werden kann. Das System neutralisiert effektiv so genannte Marktgeräusche, die Ihnen Zugang zu genauen Umkehrsignalen geben. Der Indikator ist sehr einfach zu bedienen und hat nur einen Parameter, der für die Signalerzeugung verantwortlich ist. Sie können das Tool einfach an jedes Handelsinstr
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)
Eine Intraday-Strategie, die auf zwei Grundprinzipien des Marktes basiert. Der Algorithmus basiert auf der Analyse von Volumina und Preiswellen mit zusätzlichen Filtern. Der intelligente Algorithmus des Indikators gibt nur dann ein Signal, wenn sich zwei Marktfaktoren zu einem vereinen. Der Indikator berechnet Wellen eines bestimmten Bereichs auf dem M1-Diagramm unter Verwendung der Daten des höheren Zeitrahmens. Und um die Welle zu bestätigen, verwendet der Indikator eine Volumenanalyse. Dieser
Zeichnen Sie automatisch Unterstützungs- und Widerstandsniveaus PLUS Antriebskerzenlücken auf Ihrem Chart ein, so dass Sie sehen können, wohin sich der Preis wahrscheinlich als Nächstes bewegen und/oder möglicherweise umkehren wird. Dieser Indikator wurde entwickelt, um als Teil der Positionshandelsmethodik verwendet zu werden, die auf meiner Website (The Market Structure Trader) gelehrt wird, und zeigt Schlüsselinformationen für die Zielsetzung und potenzielle Einstiege an. Der Indikator v
Wir stellen vor       Quantum Trend Sniper Indicator   , der bahnbrechende MQL5-Indikator, der die Art und Weise, wie Sie Trendumkehrungen erkennen und handeln, verändert! Entwickelt von einem Team erfahrener Händler mit über 13 Jahren Handelserfahrung,       Quantum Trend Sniper-Indikator       wurde entwickelt, um Ihre Trading-Reise mit seiner innovativen Methode zur Identifizierung von Trendumkehrungen mit extrem hoher Genauigkeit auf ein neues Niveau zu heben. ***Kaufe Quantum Trend Snipe
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Auswahl:
mikenate
128
mikenate 2021.10.26 19:30 
 

thanks

Hassan
482
Hassan 2019.05.03 13:08 
 

Very bad

Tim Eubanks
5762
Tim Eubanks 2018.03.22 11:35 
 

This CSM looks good just need more control over timeframes and colors

Antwort auf eine Rezension
Version 1.2 2021.02.16
Minor code cleanup and optimizations.