MT5 Currency Strength indicator

To add comments, please log in or register
Giorgio
98
Giorgio  

Hi everyone,

I was wondering if anyone could share a "Currency Strength Indicator" (which measures the strength of a currency's price in relation to other changes) for  Metatrader 5.

Thanks and have a good day. 

lippmaje
857
lippmaje  
...in relation to other changes??
Giorgio
98
Giorgio  
lippmaje:
...in relation to other changes??

I mean a normal Currency Strength indicator for mt5 (I need the .mq5 file). Thanks

lippmaje
857
lippmaje  
I've read that CCI or ADX is quite commonly used for this - is this what you'd call a 'normal' strength indicator?
Marco vd Heijden
Moderator
12470
Marco vd Heijden  

Currency strength analyzers come in many shapes and forms.

Have you tried to search codebase? 

https://www.mql5.com/en/code

MQL5 Code Base
MQL5 Code Base
  • www.mql5.com
This indicator uses the open price for the day, and computes the percent change for that day. Use on any chart TF up to and including D1. This class was developed to exchange data between MetaTrader 5 and CSV files. It converts the strings read from the CSV file to double and integer values depending of the type of the columns. Two producers...
Sergey Golubev
Moderator
112951
Sergey Golubev  
Giorgio:

Hi everyone,

I was wondering if anyone could share a "Currency Strength Indicator" (which measures the strength of a currency's price in relation to other changes) for  Metatrader 5.

Thanks and have a good day. 

In CodeBase (3 pages on search) - here.

Giorgio
98
Giorgio  
Sergey Golubev:

In CodeBase (3 pages on search) - here.

Yes, i have already looked there, but I haven't found a good one (It must have buffers so I could use it in an ea), do you have some other suggestions? 

Marco vd Heijden
Moderator
12470
Marco vd Heijden  
If code base does not have it and you know how many buffers you need then you can have one custom made in Freelance.
Adnan Abdul Rehman
1358
Adnan Abdul Rehman  
Giorgio:

Hi everyone,

I was wondering if anyone could share a "Currency Strength Indicator" (which measures the strength of a currency's price in relation to other changes) for  Metatrader 5.

Thanks and have a good day. 

Currency Strength meter


Dear I have it but for mt4 sorry
I can share the mt4 version 
It calculates  strength on basis of % change in candle , 

Adnan Abdul Rehman
1358
Adnan Abdul Rehman  
Adnan Abdul Rehman:


Dear I have it but for mt4 sorry
I can share the mt4 version 
It calculates  strength on basis of % change in candle , 

by next month i will  get the mt5 version then i will share with u  :)

lippmaje
857
lippmaje  
I am still puzzled by the term 'currency strength'. What does it mean in relation to all those forex pairs a currency can build? So it may be that currency A is weak if put up against currency B, but strong against currency C, now what. How to derive the overall currency strength? I've read about USDX, EURX, etc. Is this what the topic starter is asking about?
12
To add comments, please log in or register