Forex 28 Strength Signals
- Indicators
- Version: 3.0
- Activations: 5
Forex 28 Strength Signals is a multi-currency indicator for MetaTrader 5 that analyzes the relative strength of 8 major currencies and converts the results into specific trading signals for all 28 possible currency pairs.
The indicator allows traders to see the overall state of the Forex market on a single screen without opening separate charts for all 28 pairs.
How the Indicator Works
Forex 28 Strength Signals simultaneously analyzes eight major currencies:
AUD, CAD, CHF, EUR, GBP, NZD, USD, and JPY.
The calculation uses data from all 28 currency pairs formed by these currencies.
At the first stage, the indicator determines changes in the state of each currency pair using RSI and by comparing the current value with previous values. The results are used not as ordinary RSI signals, but to calculate the relative strength of each of the eight currencies.
This allows the trader to see not only the movement of an individual pair, such as EURUSD, but also to understand what is happening with EUR and USD relative to the rest of the Forex market.
The strength of each currency is calculated based on its behavior across all seven currency pairs in which it participates.
From Currency Strength to Trading Signals
The main feature of Forex 28 Strength Signals is that currency strength calculation is only the first stage of the analysis.
The indicator automatically converts the calculated values into trading signals for all 28 currency pairs.
For each pair, the indicator takes into account:
- the current strength of the base currency;
- the current strength of the quote currency;
- changes in the strength of the base currency;
- changes in the strength of the quote currency.
Based on this information, a dynamic Score is calculated for each pair.
If the advantage of the base currency is sufficiently strong, the indicator generates a BUY signal.
If the advantage is on the side of the quote currency, the indicator generates a SELL signal.
As a result, the trader receives not just a table of "strong and weak currencies," but a complete picture of the current trading conditions for all 28 major Forex pairs simultaneously.
What Is Displayed on the Screen
Forex 28 Strength Signals displays several interconnected tables directly on the MetaTrader 5 chart.
Currency Strength displays the history of relative strength changes for all 8 currencies. This allows the trader to see not only the current strength value but also its dynamics — whether a currency is becoming stronger or weaker.
Dynamic Score displays the analysis results for all 28 currency pairs and the calculated trading state for each pair.
Current Monitor presents the most important information in a compact format:
Pair — Score — State
where State shows the current BUY, SELL, or neutral/no new directional signal condition.
Main Advantages
The entire Forex market on one screen.
Instead of checking dozens of charts one by one, the trader can see the current condition of 8 currencies and 28 currency pairs in a single dashboard.
Analyzes currencies, not just individual pairs.
For example, a rise in EURUSD alone does not show whether the movement is caused by EUR strength or USD weakness. Relative strength analysis helps reveal this difference.
28 trading instruments are analyzed simultaneously.
The indicator is not limited to finding only the strongest and weakest currencies. It calculates the trading condition of every one of the 28 currency pairs.
Strength dynamics are taken into account.
Trading signals are based not only on the current difference between two currencies, but also on changes in their relative strength.
Simple trading signals.
Complex multi-currency calculations are converted into clear BUY / SELL signals.
One indicator instead of 28 charts.
Forex 28 Strength Signals is designed to provide a fast overview of the Forex market and help identify the most interesting trading opportunities.
Input Parameters
The indicator allows you to customize both the calculations and the appearance of the dashboard.
- Timeframe — the timeframe used for calculations. Default: H1.
- RSI Period — the RSI period used to analyze currency pairs. Default: 35.
- LookBack — the number of previous values used to determine changes in market conditions. Default: 5.
- Buy Threshold — the Dynamic Score level at which a BUY condition is generated.
- Sell Threshold — the Dynamic Score level at which a SELL condition is generated.
- Rows To Show — the number of historical rows displayed in the table.
- History Bars — the number of historical bars used by the indicator for calculations.
- Symbol Prefix — the prefix used by the broker in currency pair names.
- Symbol Suffix — the suffix used by the broker in currency pair names.
- Start X / Start Y — the position of the tables on the chart.
- Cell Width — the width of the table cells.
- Time Width — the width of the time column.
- Cell Height — the height of the table rows.
- Font Size — the font size used in the dashboard.
- Font Name — the font used to display the dashboard.
- Show Borders — enables or disables table borders.
- Print Debug — enables additional diagnostic information.
Important
Forex 28 Strength Signals is an analytical indicator. It displays relative currency strength and generates trading signals, but it does not automatically open or close trading positions.
Indicator signals do not guarantee profitable trading results. Before using the indicator on a live account, it is recommended to test the selected settings on historical data and on a demo account.
