Currency Strength Desk
- Indicators
- Version: 1.0
- Activations: 10
A pair moves because one of its two currencies moved. EURUSD falling can mean a weak euro or a strong dollar, and the two call for different pairs. Checking that by hand means opening a dozen charts.
Currency Strength Desk ranks all nine currencies — AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD and gold — on one 0 to 100 scale, across 29 pairs, and keeps the ranking live on a single panel.
WHAT EACH COLUMN SHOWS
Strength — where each currency stands from 0 to 100, built from every pair it appears in, so one outlier pair cannot carry the reading on its own.
Range — how much of the average daily range the pair has already travelled. A pair at 90% has little room left; one at 8% has barely started.
Trend — the direction of the daily moving average, in green, red or grey, so a reading against the larger move is visible at a glance.
Reading — BUY, SELL or NEUTRAL, combining strength spread, ADX, RSI and daily range in one colour-coded column.
Bid and Ask — live quotes, updated on every tick.
SL, TP and Lots — the stop distance, the target and the position size your own risk settings produce for that pair. All three are editable, per pair or for the whole column at once.
Lots, Pts and P/L — the volume, the distance and the floating result of whatever is open on the account for that pair.
POSITION SIZE BUILT IN
Set your risk once, as a percentage of balance, and the panel fills the stop, target and lot size for every pair on the list.
The stop comes from the pair's own daily range, so an active pair gets a wider stop and a quiet one a tighter stop, instead of the same fixed number everywhere. The lot size is then calculated from the tick value your broker reports, which keeps it correct on cent accounts, on accounts denominated in any currency, on gold, and on crosses without the dollar.
Type your own stop in the column and the lot size recalculates for it. Change the risk percentage and all 29 rows update at once.
Three buttons at the foot of the panel apply one value to the whole column. Set SL puts the same stop distance on every pair and resizes all 29 lots for it, which answers "what would 200 points everywhere cost me?" in one click. Set TP does the same for targets. Set Lots pins a fixed size on every row, for traders who always trade the same volume; clear the field and press it again to go back to risk-based sizing.
OPEN POSITIONS AT A GLANCE
The panel also shows the volume, points and floating result of every position open on the account for each pair — whether it came from your own manual trading or from another program. Your exposure sits next to the strength reading, in the same place.
BUILT IN
- Nine currencies including gold, ranked side by side
- 29 pairs by default, fully editable
- Daily, weekly or monthly basis, on any chart timeframe
- Optional ADX, RSI, daily range and moving average filters
- One click applies a stop, a target or a lot size to every pair
- Four panel sizes plus a collapse button
- English and Portuguese, following your terminal language
- Works with any broker naming: EURUSD.q, EURUSDm, EURUSD.raw
- Hedging and netting accounts; cent, standard and raw-spread
NO NETWORK ACCESS
The panel reads quotes from your terminal and sends nothing anywhere. It does not place orders, does not modify positions, and does not collect any data.
BEFORE YOU START
If the grid comes up empty, the symbol suffix is almost always the reason. Open Market Watch and check how your broker names the pairs: EURUSD.q needs ".q" in the suffix input, EURUSDm needs "m". Every other setting already has a working default, so the suffix is usually the only one you touch.
If your broker does not offer a pair, remove it from the currency list it belongs to. The panel then says how many pairs it measured each currency from, so you can see what the reading is built on.
A strength panel is a reading instrument. It shows where the pressure sits across the board, faster than switching charts can. It does not predict where price goes next.
INPUT PARAMETERS
Symbols
InpSymbolPrefix — broker symbol prefix, if your broker uses one.
InpSymbolSuffix — broker symbol suffix. The most common cause of an empty grid; check Market Watch.
InpPairsAUD to InpPairsXAU — the pairs used to measure each currency. Remove any your broker does not offer.
InpPairsDisplayed — the pairs shown as rows in the grid.
Strength
InpCalculationMode — basis of the reading: 0 daily, 1 weekly, 2 monthly.
InpBuyLevel — a currency reads as strong above this, on the 0 to 100 scale.
InpSellLevel — a currency reads as weak below this.
InpReadFormingBar — true reacts inside the current candle; false uses closed bars only.
Signal filters
InpUseADXFilter — only show a reading when ADX is above a level.
InpADXTimeframe, InpADXPeriod, InpADXMinimum — the ADX settings.
InpUseRSIFilter — hide readings while the pair is overbought or oversold.
InpRSITimeframe, InpRSIPeriod, InpRSILower, InpRSIUpper — the RSI settings.
InpUseADRFilter — require the day to have moved, but not too much already.
InpADRPeriod — how many days the average daily range covers.
InpADRUsedMin — below this, the day has barely moved.
InpADRUsedMax — above this, most of the daily range is gone.
InpUseTrendFilter — only show readings on the side the daily average points to.
InpTrendPeriod, InpTrendSlopeBars, InpTrendMinSlopePct — the average and its slope.
Position size
InpShowPositionSize — fill the SL, TP and Lots columns.
InpRiskPercent — percentage of balance the lot size is calculated against.
InpTargetRatio — target distance as a multiple of the stop.
InpStopFromRange — true sizes the stop from the daily range, false from ATR.
InpStopRangePercent — stop distance as a percentage of the daily range.
InpATRTimeframe, InpATRPeriod, InpATRMultiple — used only when the range option is off.
Display
InpLanguage — 0 Portuguese, 1 English, 2 follow the terminal.
InpPanelMode — 0 full, 1 compact, 2 mini, 3 ultra mini.
InpPanelX, InpPanelY — where the panel sits on the chart.
InpRefreshSeconds — how often the panel recalculates.
Alerts
InpAlertPopup — popup alert on a new reading.
InpAlertSound — sound alert on a new reading.
