• Overview
  • Reviews (6)
  • Comments (49)
  • What's new

FX Power MT5

FX Power MT5 is the first currency strength meter with a complete history across all time frames.
It analyzes the momentum and strength of all major currencies to determine high probability trades.

Key Features of FX Power MT5

  • Complete strength history of all major currencies
  • History of currency strength across all time frames
  • Identical calculation results at all brokers and charts
  • 100% reliable real time calculations -> no repainting
  • Selectable time periods via drop-down list
  • Several instances within one chart possible
  • Movable FX Power display (via drag-and-drop)
  • Suitable for high resolution QHD, UHD and 4K displays
  • Automated terminal configuration
  • Optimized for tablet and touchscreen usage
  • Alerts via e-mail, message and mobile notifications
  • Accessible buffers for EA requests

How to trade with FX Power MT5?

Use the FX Power histogram buttons to display the currency lines you need.
Compare short and long-term analysis to determine efficient combinations.

A. Trade "crossings" of currency histogram lines
  • BUY if EUR crosses USD upwards
  • SELL if EUR crosses USD downwards

B. Trade confirming patterns of different time periods

  • Run two FX Power instances, e.g. 1 hour and 8 hours
  • Buy EURUSD if EUR is stronger than / above USD at both periods
  • Sell EURUSD if EUR is weaker than / below USD at both periods

C. Trade the correlation of single currencies

  • BUY if EUR and CHF are stronger than / above USD
  • SELL if EUR and CHF are weaker than / below USD

How to choose the right analysis period?

The FX Power analysis is completely independent of any chart time frame.

If you choose 1 day FX Power considers the entire historical data of the past 24 hours beginning from this second to determine the currency strength. 
If you choose 1 week FX Power considers the entire historical data of the past 5 trading days beginning from this second to determine the currency strength.

Example: If you trade the D1 chart time frame we recommend using an analysis period of 1 or 2 weeks. 1 week is a bit faster, 2 weeks is a bit smoother.

In the end, it's up to you which analysis period suits your trading style best.

FX Power options and settings

Main settings

  • FX Power period -> Click at the drop-down list and select a time period you like to analyze

Display and histogram settings

  • Hide FX Power display? -> Set "true" to disable the FX Power display (recommended for iCustom EA requests)
  • Currency line colors -> Configure the line colors of your FX Power histogram
  • Hide activity marker -> Set "true" to hide the white rectangles in the FX Power Compact view
  • Display warning if missing data -> Set to "false" to disable all data warnings

Alert and notification options

  • Enable cross alert -> Set "true" to be informed if two currency strength lines cross each other
  • Enable strength alert -> Set "true" to be informed if currencies rise above a limit value
  • Alert if currencies rise above -> Limit value for the strength alert
  • Enable weakness alert -> Set "true" to be informed if currencies drop below a limit value
  • Alert if currencies drop below -> Limit value for the weakness alert
  • Rise alert active -> Set "true" to be informed about rising deltas between two currencies
  • Alert if delta rises above -> Limit value for the rising delta alert
  • Drop alert active -> Set "true" to be informed about dropping deltas between two currencies
  • Alert if delta drops below -> Limit value for the dropping delta alert

General notification settings

  • Display pop-up messages -> Set "true" to receive pop-up notifications
  • Send e-mails -> Set "true" to receive a notification e-mail
  • Send mobile notifications -> Set "true" to receive mobile notifications
  • Play an alert sound -> Set "true" to receive an audible notification
  • Default alert sound -> Choose your favorite alert sound

Robby Wijaya
Robby Wijaya 2020.05.22 18:32 

This is the best ever indicator I ever use since few years in trading experience, either you're beginner or expert if you want to beat the real market price action then this is the weapon for it. But the most greatest are their team support who really very smart and responsive, thanks to God I found this indicator, welldone Stein's Team..you're rock !!!

Luigi Marazzi
Luigi Marazzi 2020.04.02 16:41 

At a glance view of how currency pairs are performing. invaluable really. whats up whats down, very useful alerts.

Installed, soon alerted a good short opportunity, paid for itself in 5 mins

use all of stein investment tools in my trading strategy find that they work very efficiently together to provide good trade opportunities.

RIZA DOEK 2020.04.02 09:09 

Like all its articles the best of the best!! 10 Stars!!

Stefan001 2019.01.02 11:31 

User didn't leave any comment to the rating

Nguyen Van Tuan
Nguyen Van Tuan 2018.07.07 05:31 

User didn't leave any comment to the rating

rainwalker123 2016.12.22 05:12 

Very good and profitable indicator, which I recommend to everyone.

I also enclosed a screenshoot


Version 3.83 2020.05.06
Optimized display update frequency for a much smoother user experience
Version 3.82 2020.04.29
Fixed panel positioning bug in combination with a zoom lower than 1

Changed defaults in the alert settings for a better user experience
Version 3.79 2020.04.28
Enjoy the new Zoom feature and adjust the size and visibility of the FX Power panel individually

The background color of the panel can be changed now as well.
Version 3.76 2020.03.03
Updated list box functionality

Fixed bug in panel positioning when changing analysis period on the chart
Version 3.73 2019.11.11
Fixed bug at line drawing when switching analysis periods via the list box in the panel
Version 3.72 2019.11.05
Now it's possible to customize the FX Power line style and thickness via the indicator properties.
In addition to that, we added a new mixed lines view accessible via the "autofocus" crosshair button.
Version 3.70 2019.11.01
Fixed bug in display positioning on the main chart after a change of the analysis period
Version 3.69 2019.05.14
Minor calculation bug fixed
Version 3.68 2019.04.24
Added the possibility to switch the analysis period via a list box directly in the FX Power panel on your chart.
Version 3.67 2019.04.02
Modified handling of incomplete market data
Version 3.66 2019.03.28
Version 3.65 2018.11.16
Update for MT5 build 1940

Please update your copy to benefit from the latest product improvements
Version 3.64 2018.10.27
Update for MT5 build 1930

Please update your copy to benefit from the latest product improvements.
Version 3.62 2018.07.16
Optimized data handling and graphics
Version 3.58 2018.03.22
Added adaptive graphics engine for a better on-chart experience for tablet and desktop users

Improved calculation performance

Fixed strategy tester bug
Version 3.42 2018.02.14
Added activity marker for HeatMap and DeltaMap view.
Version 3.40 2018.01.18
Added automatic delta calculation

Added histogram line for delta values

Added DeltaMap view with one-click navigation

Modified navigation between views

Increased size of histogram labels
Version 3.23 2017.10.06
Bugfix and clearer log messages
Version 3.21 2017.10.02
Further product improvements like

- Faster calculations
- Improved data reading process
- Optimized histogram drawing
- and bug fixes
Version 3.16 2017.09.26
The new engine of FX Power provides:
- Faster calculations
- Instant results for all analysis periods
- Precise histogram across all timeframes
- Detailed quality check of your historical data
- Automatic download of missing data
Version 2.4 2017.06.12
Added two new compact display modes (Compact and Symbol)

Optimized Heatmap navigation for brokers with suffixes
Version 2.3 2017.04.17
Fixed bug in panel positioning

Added drop-down list with new histogram features like labels and values
Version 2.2 2017.03.13
Fixed bug in equalizer display
Version 2.1 2017.02.27
Optimized drag and drop function
Version 2.0 2017.01.11
Autofocus function detects change of underlying symbol
Version 1.9 2016.12.29
Synchronized all graphics and features with FX Power MT4
Calculation works 5 times faster now

New panel design
New button to switch FX Power panel between subwindow and main chart

Added features:
- New Heatmap design
- Faster "One Click" to access any symbol of the Heatmap
- Switch between Heatmap and Equalizer design
- Cross-hair button to focus on underlying symbol

- Sound button to enable/disable alerts
- Alert on cross of currencies
- Alert if currencies rise above 6 (value is customizable)
- Alert if currencies drop below 3 (value is customizable)
Version 1.1 2016.05.17
- Fixed minor graphical bug