The author is researcher who is studying the stock and FX market for research purpose. The indicator has been tested extensively on historical data, but there is no guarantee past performance will be indicative of future results.
This indicator watches the major currency pairs to find the status of the current candle (Bullish or Bearish) of USD, EUR, and GBP compared to other currencies such as EUR, JPY, GBP, CHF, AUD, and CAD.
For example, if all boxes in the USD row are red that means the current candle of the USD is weak or bearish against all other major currencies at the moment. The same method can be used to analyses the candles of GBP and EUR. The column are read in opposite.
For example, if all boxes in the CHF are green this means CHF is bearish against EUR, GBP and USD. The best use of this indicator when combined with other indicator such as moving average, Bollinger Bands, Support and Resistant levels.
The indicator has two main parameters that are:
HistoryShift: If 0, it means the current candle. To trade you should have it on 0. If you want to test the previous performance of the indicator you should change this number. For example, if you enter 10 the indicator will go back 10 candles.
DrawVline: This will draw a vertical line that matches the HistoryShift parameter
I will be very interested in your feedback, suggestion for improvement and collaboration to improve the indicator.
This indicator use in cross ( es. EURAUD, GBPAUD, EURGBP, ect) depends of correlation of currency. Usually I use with timaframe Daily. But I think can to use in another timeframe. Important can use in commodity and stocks.SL-TP price to Order Execution price Pip Calculator
Calculates pips between Order Execution price and and Stoploss or/and Takeprofit price.
disturbed EA wich open a long and a short position at the same time.Multi currency pair Indicator V2
This version 2 of Multi currency pair Indicator. It includes an optional trend line and the color of the label has been changed to red to make it visible on default chart template.