FWS Currency Strength Meter Multi Timeframe

🌡️ FWS Currency Strength - 8-Currency Multi-Timeframe Meter

See which currency is strongest - and which pair to trade right now.

Currency Strength ranks all 8 G8 currencies (USD, EUR, GBP, JPY, AUD, CAD, NZD, CHF) from strongest to weakest using true cross-pair averaging across 5 timeframes (M5/M15/H1/H4/D1). It then auto-suggests the best pair to trade - the strongest currency vs the weakest. Compact on-chart panel plus a stunning browser dashboard.

Part of the Forex Weather Station suite.

📊 What It Shows

  • 8 Currencies Ranked - Vertical bar-chart of relative strength, strongest at top
  • Bidirectional Bars - Centered on a zero line; positive = strengthening, negative = weakening
  • Numeric Strength - Exact strength value (e.g. +1.24, -0.78) for each currency
  • 5 Timeframes Per Currency - M5 / M15 / H1 / H4 / D1 arrow pills on every row, perfect for scalpers and swing traders alike
  • Auto Best-Pair Pick - Highlights the strongest vs weakest pair (e.g. "EURJPY +3.08")
  • Color-coded - Green strengthening, amber neutral, red weakening
  • Currency flag emojis in the web dashboard for instant recognition

🌐 Stunning HTML Web Dashboard

Click "Open Web View" to launch a beautiful browser dashboard featuring:

  • Big animated bidirectional bar chart with smooth CSS transitions
  • Best-pair hero card with currency symbol and spread
  • Per-currency multi-timeframe arrow grid (instant scalper-to-swing visibility)
  • Flag emojis (🇺🇸🇪🇺🇬🇧🇯🇵🇦🇺🇨🇦🇳🇿🇨🇭) plus 3-letter codes - no ambiguity
  • Glassmorphism dark theme matching the Forex Weather Station design
  • LIVE connection - updates every 5 seconds from MT5 data
  • Bookmark the URL once, access with one click forever

🎯 Three Strength Methods (Switchable)

Method What It Measures Best For
% Change (default) % move on the chosen lookback bars Daily / intraday momentum
ROC Rate of Change over N bars Smoother multi-bar trend
RSI-based RSI(14) - 50 averaged across pairs Mean-reversion / overbought-oversold

Switch between them via a single input - no recompile needed.

🧮 How Strength Is Computed

For each currency, the indicator looks at every cross-pair containing that currency (up to 7 pairs per currency). For each pair, it computes the price move on the chosen timeframe and adds it to the base currency's score (and subtracts it from the quote currency's score). Averaging across all pairs gives a clean, comparable strength value for each of the 8 currencies. The sum is always near zero (zero-sum) - exactly how a true currency strength meter should behave.

✨ Key Features

  • 8 G8 currencies - USD, EUR, GBP, JPY, AUD, CAD, NZD, CHF
  • Multi-timeframe - M5, M15, H1, H4, D1 simultaneously
  • Three calculation methods - % Change / ROC / RSI
  • Configurable primary timeframe - drives the bar chart and best-pair pick
  • Configurable lookback - 1 bar (today), 5 bars (week if D1), etc.
  • Currency on/off toggles - drop currencies your broker doesn't have
  • Symbol suffix support - works on brokers using ".raw", "m", etc.
  • Auto best-pair detection - tries both BASE+QUOTE and QUOTE+BASE
  • Cached pair handles - efficient, low-CPU multi-symbol scanning
  • Draggable panel - click the border and drag anywhere on your chart
  • Minimise button - collapse to a compact title bar with [-]
  • Fully customisable colours
  • JSON data bridge - integrates with EAs and other tools
  • No DLL required - pure MQL5, marketplace-compliant
  • No external API - all calculations from MT5 data

⚙️ Input Parameters

Parameter Description Default
InpPanelX / Y Panel position on chart (pixels) 20, 50
InpMethod Strength method: % / ROC / RSI % Change
InpPrimaryTF Primary timeframe driving bar + best pair D1
InpLookbackBars Bars back for % / ROC 1
InpRsiPeriod RSI period (RSI method) 14
InpUseUSD..InpUseCHF Toggle each currency on/off All on
InpSymbolSuffix Broker suffix (e.g. ".raw", "m") (blank)
InpFont / InpFontSize Font name and size Consolas / 9pt
InpColor* All panel colours customisable Dark theme
InpWriteJSON Enable JSON/HTML data output true
InpEnableWebBtn Show "Open Web View" button true

📦 What's Included

  1. MQL5 Indicator - Compact 380px on-chart panel with bar chart, MTF arrows, best-pair card
  2. HTML Web Dashboard - Auto-generated to MQL5/Files/FWS/strength.html
  3. JSON Data Bridge - Strength state written every 5 seconds for external integration

🔧 Quick Start

  1. Attach the indicator to any chart (any symbol, any timeframe)
  2. The panel appears showing all 8 currencies ranked, with bars and MTF arrows
  3. The "Best Pair" card shows the recommended trade (strongest vs weakest)
  4. Click "Open Web View" for the full browser dashboard
  5. Bookmark the URL for instant one-click access in the future
  6. If your broker uses a suffix (e.g. EURUSD.raw), set InpSymbolSuffix

🔌 Part of the Forex Weather Station Suite

Module 4 of the Forex Weather Station - a suite of 7 specialised trading tools that each work standalone or combine into a unified premium dashboard:

# Module What It Does Price
1 🌊 Tide Clock Session clock & activity monitor FREE
2 ⛈️ Storm Watch Economic news radar & impact alerts FREE
3 💨 Pair Bias Multi-timeframe directional bias
4 🌡️ Currency Strength (this) 8-currency strength meter
5 🔗 Pair Correlation Correlation matrix to avoid doubling
6 📡 Pullback Radar Multi-pair pullback pipeline scanner
7 🧭 Navigator Trade signal scorer combining all modules
🌦️ Weather Station All 7 modules + master HTML dashboard

Each module writes data to a shared JSON bridge. The premium Weather Station bundle combines everything into one stunning real-time dashboard.

⚠️ Requirements

  • MetaTrader 5 (build 3000+)
  • G8 cross-pairs available on your broker (use the toggles to disable currencies you don't have)
  • Web dashboard requires a modern browser (Chrome, Edge, Firefox)
  • No DLL imports required
  • No external API or API key required

💡 Tips

  • Use D1 for swing trading, H4/H1 for day trading, M15/M5 for scalping. Set InpPrimaryTF accordingly - the bar chart and best-pair pick follow it.
  • Watch the MTF row - if a currency is strong on every timeframe (5 green arrows), that's a high-conviction trend.
  • Best-pair pick auto-finds the strongest vs weakest currency. Combine with Pair Bias (free) for trend confirmation before entering.
  • Set lookback = 1 for "today's strength", 5 for "this week's strength" (on D1).
  • Try the RSI method if you prefer mean-reversion / overbought-oversold style.
  • The JSON file at Files/FWS/strength.json can be read by EAs to auto-pick the best pair to trade.

By Trading Edge - tradingedge.online

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The " Dynamic Scalper System MT5 " indicator is designed for the scalping method of trading within trend waves. Tested on major currency pairs and gold, compatibility with other trading instruments is possible. Provides signals for short-term opening of positions along the trend with additional price movement support. The principle of the indicator. Large arrows determine the trend direction. An algorithm for generating signals for scalping in the form of small arrows operates within trend wav
This dashboard shows the latest available   harmonic patterns   for the selected symbols, so you will save time and be more efficient /   MT4 version . Free Indicator:   Basic Harmonic Pattern Comparison of "Basic Harmonic Pattern" vs. "Basic Harmonic Patterns Dashboard" Indicators Feature Basic Harmonic Pattern Basic Harmonic Patterns Dashboard Functionality Detects and displays harmonic patterns on a single chart Searches multiple symbols and timeframes for harmonic patterns, displays res
OmniSync Projection
Antonio-alin Teculescu
5 (1)
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
Meridian Pro
Ottaviano De Cicco
5 (2)
Meridian Pro 2.00: Professional Multi-Timeframe Trend Matrix for MT5 Meridian Pro 2.00 is a professional adaptive trend matrix for MetaTrader 5. It combines the original Meridian trend engine, a clean chart ribbon, closed-bar signal arrows, an 8-timeframe dashboard, Fuel momentum, weighted consensus, synthetic HTF processing and chart-native higher-timeframe context lines. The goal is simple: read current trend, multi-timeframe structure, strength, momentum and EA-ready state from one discipline
FX Power MT5 NG
Daniel Stein
5 (31)
FX Power: Analyze Currency Strength for Smarter Trading Decisions Overview FX Power is your go-to tool for understanding the real strength of currencies and Gold in any market condition. By identifying strong currencies to buy and weak ones to sell, FX Power simplifies trading decisions and uncovers high-probability opportunities. Whether you’re looking to follow trends or anticipate reversals using extreme delta values, this tool adapts seamlessly to your trading style. Don’t just trade—trade
Market Structure Patterns
Samuel Manoel De Souza
4.47 (19)
Market Structure Patterns   is an indicator based on   smart money concepts   that displays   SMC/ICT   elements that can take your trading decisions to the next level. Take advantage of the   alerts ,   push notifications   and   email messages   to keep informed from when an element is formed on the chart, the price crosses a level and/or enters in a box/zone. Developers can access the values of the elements of the indicator using the   global variables  what allows the automation of trading
Trend indicator AI mt5
Ramil Minniakhmetov
5 (17)
Trend Ai indicator  mt5 is great tool that will enhance a trader’s market analysis by combining trend identification with actionable entry points and reversal alerts.  This indicator empowers users to navigate the complexities of the forex market with confidence and precision Beyond the primary signals, Trend Ai indicator identifies secondary entry points that arise during pullbacks or retracements, enabling traders to capitalize on price corrections within the established trend. Important Advan
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