Forex Currency Power Index FCPI Indicator for MT5

5

The FCPI indicator or Forex Currency Power Index indicator is a multi currency pairs indicator that displays 28 pairs on 1 chart, which consists of 8 Major Pairs and 20 Cross pairs.

8 Major Pairs dan 20 Cross pairs:

EURUSD,GBPUSD,AUDUSD,NZDUSD,USDCAD,USDCHF,USDJPY,EURGBP,EURAUD,EURNZD,EURCAD,EURCHF,EURJPY,GBPAUD,

GBPNZD,GBPCAD,GBPCHF,GBPJPY,AUDNZD,AUDCAD,AUDCHF,AUDJPY,NZDCAD,NZDCHF,NZDJPY,CADCHF,CADJPY,CHFJPY.

Automatically detects symbols that have a symbol prefix and/or a symbol suffix.


The FCPI indicator provides a unique calculation to scan the forex market and identify the strongest extreme currency strength against the weakest extreme currency strength.

To scan the forex market and identify the strength of a currency the FCPI indicator provides 2 options for calculation formulas.
First choice: Price Power, and Second choice: ADX Power. Options can be selected by drop down menu.
The default selection for the calculation formula is Price Power.

Meanwhile, to identify extreme currency strengths, the FCPI indicator also provides 2 extreme calculation options mode.
First choice: Extreme, and Second choice: Side Extreme. Options can be selected by drop down menu.
The default selection for Extreme calculation mode is Extreme.

Options for calculation formulas and options for identifying currency extreme strengths are calculated based on Timeframes.
And the Timeframe for calculations can be selected by simply clicking on the Timeframe period on the indicator panel for MT5 starting from M1 to MN1 Timeframes (21 Timeframes).

The FCPI indicator by default distinguishes the extrememum currency strength by 2 colors:
The color for the strongest extremum currency strength is blue. (color can be selected by drop down menu)
Meanwhile, the color for the strength of the weakest extremum currency is red. (color can be selected by drop down menu)

Accuracy in calculating and identifying the strength of the strongest extreme currency against the strength of the weakest extreme currency is 100 percent depending on the speed of price movement that changes, especially on the Low Timeframes M1-H1.

The FCPI indicator provides the results of calculations and identification of the strength of the strongest extreme currency against the strength of the weakest extreme currency in the pair concerned among the 28 pairs, where the color is blue for the strongest pairs and red for the weakest pairs. In other words, the blue color is for the BUY signal and the red color is for the SELL signal in the pair name in question.
To immediately see the calculation results and identify extrememum currency strength, you only need to click on the name of the red or blue pair, then the chart symbol and timeframe will immediately change according to the name of the pair clicked.

FCPI indicators can be used for manual trading, both scalping and day trading.

Recommendations for use from me as an author are very good for use on High Timeframes, on H2 to MN1 Timeframes.


Reviews 1
prozall
703
prozall 2023.06.21 18:06 
 

Very handy assistant! the developer quickly solved the problem with suffixes in pairs on specific brokers

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Hydra Trend Rider is a non-repainting, multi-timeframe trend indicator that delivers precise buy/sell signals and real-time alerts for high-probability trade setups. With its color-coded trend line, customizable dashboard, and mobile notifications, it's perfect for traders seeking clarity, confidence, and consistency in trend trading. Setup & Guide:  Download  MT4 Version here. To learn how to use the Indicator: Indicator Manual & Guide -   Read Here Follow our MQL5 channel for daily market ins
Trend Lines PRO MT5
Roman Podpora
5 (1)
Indicators
TREND LINES PRO  -   helps understand where the market is truly changing direction. The indicator shows real trend reversals and points where major players re-enter. You see   BOS lines   Trend changes and key levels on higher timeframes — without complex settings or unnecessary noise. Signals don't repaint and remain on the chart after the bar closes. MT4 VERSION   - Reveals its maximum potential when combined with the   RFI LEVELS PRO   indicator What the indicator shows: Real shifts   trend
RFI levels PRO MT5
Roman Podpora
3.67 (3)
Indicators
The indicator accurately shows the reversal points and price return zones where the   Major players . You see where new trends are forming and make decisions with maximum precision, maintaining control over every trade. VERSION MT4     -    Reveals its maximum potential when combined with the   TREND LINES PRO   indicator What the indicator shows: Reversal structures and reversal levels with activation at the beginning of a new trend. Display of   TAKE PROFIT   and   STOP LOSS   levels with min
Weltrade Spike Sentinel
Batsirayi L Marango
5 (1)
Indicators
Introducing Indicator for PainX and GainX Indices Traders on Weltrade Get ready to experience the power of trading with our indicator, specifically designed for Weltrade   broker's PainX and GainX Indices.  Advanced Strategies for Unbeatable Insights Our indicator employs sophisticated strategies to analyze market trends, pinpointing optimal entry and exit points.  Optimized for Maximum Performance To ensure optimal results, our indicator is carefully calibrated for 5-minute timeframe charts on
OmniSync Projection
Antonio-alin Teculescu
5 (1)
Indicators
Chronos Fractal Engine is an innovative price projection indicator for MetaTrader 5, designed to transform your technical analysis by intelligently identifying and projecting historical price patterns. Built upon an advanced correlation algorithm and the fractal principles of the market, this powerful tool visualizes potential future price movements, giving you a unique edge in your trading decisions. What is Chronos Fractal Engine? At its core, the Chronos Fractal Engine employs a sophisticat
Currency Strength Wizard MT5
Oleg Rodin
5 (1)
Indicators
Currency Strength Wizard   is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s
More from author
TrendColorBars
Roberto Jacobs
Indicators
Parameters SoundAlerts = true – play sound alerts, true or false (yes or not) UseAlerts = true – use alerts, true or false (yes or not) eMailAlerts = false – use alerts via email, true or false (yes or not) PushNotifications = false – use push notifications, true or false (yes or not) SoundAlertFile = "alert.wav" – name of alerts sound file ColorBarsDown = clrRed – color body of bearish candlesticks (default – red) ColorBarsUps = clrBlue – color body of bullish candlesticks (default – blue) Colo
Forex Currency Power Index FCPI Indicator for MT4
Roberto Jacobs
Indicators
The FCPI indicator or Forex Currency Power Index indicator for MT4 is a multi currency pairs indicator that displays 28 pairs on 1 chart, which consists of 8 Major Pairs and 20 Cross pairs. 8 Major Pairs and 20 Cross pairs: EURUSD,GBPUSD,AUDUSD,NZDUSD,USDCAD,USDCHF,USDJPY,EURGBP,EURAUD,EURNZD,EURCAD,EURCHF,EURJPY,GBPAUD, GBPNZD,GBPCAD,GBPCHF,GBPJPY,AUDNZD,AUDCAD,AUDCHF,AUDJPY,NZDCAD,NZDCHF,NZDJPY,CADCHF,CADJPY,CHFJPY. Automatically detects symbols that have a symbol prefix and/or a symbol suffi
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prozall
703
prozall 2023.06.21 18:06 
 

Very handy assistant! the developer quickly solved the problem with suffixes in pairs on specific brokers

Roberto Jacobs
66297
Reply from developer Roberto Jacobs 2023.06.22 09:33
@prozall: Thank you for your review and kindness.
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