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RFX5 Forex Strength Meter

Demo downloaded: 257

Published: 13 February 2017

Current version: 1.20

RFX5 Forex Strength Meter

Name: RFX5 Forex Strength Meter
Rating: 5 (1 reviews)
Author: Rasoul Mojtahedzadeh

Indicators
Rasoul Mojtahedzadeh
Rasoul Mojtahedzadeh
Sweden

16543
4.5 (16)
13 products 3 codes 9 topics 112 comments
Version: 1.20
Updated: 11 April 2023
Activations: 5

RFX Forex Strength Meter is a powerful tool to trade 8 major currencies in the Forex market,

U.S. Dollar (USD)
European Euro (EUR)
British Pound (GBP)
Swiss Franc (CHF)
Japanese Yen (JPY)
Australian Dollar (AUD)
Canadian Dollar (CAD)
New Zealand Dollar (NZD)

The indicator calculates the strength of each major currency using a unique and accurate formula starting at the beginning of each trading day of your broker. Any trading strategy in the Forex market can be greatly improved by observing the strength of the major currencies. The traders can observe deviation between two currency and take advantage of the momentum in the market.

Important Notes:

The indicator only works on brokers who provide all the 28 major currency pairs of Forex, which are

EURUSD, GBPUSD , USDCHF, USDJPY, EURGBP, EURCHF, EURJPY, GBPCHF, GBPJPY, CHFJPY, USDCAD, EURCAD, GBPCAD, CADCHF, CADJPY, AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDCHF, AUDJPY, EURNZD, NZDUSD, GBPNZD, NZDCHF, NZDJPY, AUDNZD, NZDCAD

In order to let the indicator calculate strength values over the past bars, the indicator needs the history of all the 28 major pairs available.
Do NOT forget to enable "Show All" option by right click on Market Watch window (see below image).

Input Parameters

Maximum Look Back Days: A positive integer number that indicates the maximum past days over which the past currency strength will be shown.
Only Show Chart's Currencies: If this option is set to Yes, the indicator only shows the strength of the currencies that the indicator is attached to. For example, if you attach the indicator to an EURUSD chart, the indicator only shows the strength of EUR and USD. If this option is set to No, the indicator shows all the strength of all the currencies which are enabled below.
Show Panel?: If this option is set to Yes, and above option is set to No, a small panel showing the previous and current bars strength will be shown on the top right of the chart.
Send Alert at Power Change?: If this option is set to Yes and the panel is enabled, the indicator generates alerts when the most the place of the strongest/weakest currency on the current column changes where you have an opportunity to trade the corresponding pair.
Show USD: If this option is set to Yes, the indicator will show the strength of USD.
Show EUR: If this option is set to Yes, the indicator will show the strength of EUR.
Show GBP: If this option is set to Yes, the indicator will show the strength of GBP.
Show CHF: If this option is set to Yes, the indicator will show the strength of CHF.
Show JPY: If this option is set to Yes, the indicator will show the strength of JPY.
Show AUD: If this option is set to Yes, the indicator will show the strength of AUD.
Show CAD: If this option is set to Yes, the indicator will show the strength of CAD.
Show NZD: If this option is set to Yes, the indicator will show the strength of NZD.
USD Color: The color of USD strength line.
EUR Color: The color of EUR strength line.
GBP Color: The color of GBP strength line.
CHF Color: The color of CHF strength line.
JPY Color: The color of JPY strength line.
AUD Color: The color of AUD strength line.
CAD Color: The color of CAD strength line.
NZD Color: The color of NZD strength line.

more...

145

Nezar Mahir 2017.03.15 06:08 #

Great indicator. Would not trade without it! Cannot underestimate the importance of knowing strong and weak currencies when trading

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Bull Bear Powers indicator shows the absolute power of bulls and bears in the market. Both powers are shown simultaneously with red and green colors for bear and bull powers respectively. When red line goes over the green line it means that bears are controlling the market. When green line goes over the red line it means that bulls are controlling the market. The green/red horizontal symbol line at the bottom of the indicators shows which party has more strength. Time Frame: M30 and H1 are recom

25 USD

RFX Forex Strength Meter is a powerful tool to trade 8 major currencies in the Forex market, U.S. Dollar ( USD ) European Euro ( EUR ) British Pound ( GBP ) Swiss Franc ( CHF ) Japanese Yen ( JPY ) Australian Dollar ( AUD ) Canadian Dollar ( CAD ) New Zealand Dollar ( NZD ) The indicator calculates the strength of each major currency using a unique and accurate formula starting at the beginning of each trading day of your broker. Any trading strategy in the Forex market can be greatly improved b

25 USD

RFX Market Speed is an indicator designed to measure a new dimension of the market which has been hidden from the most traders. The indicator measures the speed of the market in terms of points per second and shows the measurements graphically on the chart, and saves the maximum bullish and bearish speeds per each bar. This indicator is specially designed to help the scalpers of any market with their decisions about the short bias of the market. Note: The indicator uses real-ticks and CANNOT be

25 USD

Note: This indicator cannot be tested in the strategy tester. Please download the free demo version from https://www.mql5.com/en/market/product/48627 RFX Delta Volume is an indicator to show bullish and bearish volumes separately for each trading candle. The indicator uses history data of one minute (M1) to estimate the true bullish and bearish volumes in a sub-window. There are two modes of operations for this indicator. In mode "Delta Volume", the indicator shows the difference in bullish a

25 USD

The RFX Forecast Bands indicator calculates the three significant confidence levels, 99%, 95% and 68% of price movement for a configurable number of bars in the future. The essence of calculations is based on statistical analysis of the asset's recent price changes. These levels can be used for many different purposes in trading systems. For example, one can use them for setting the target profit and stop loss levels effectively. The extreme upper and lower bands represent 99% confidence level,

25 USD

RFX Market Speed is an indicator designed to measure a new dimension of the market which has been hidden from the most traders. The indicator measures the speed of the market in terms of points per seconds and shows the measurement graphically on the chart, and saves the maximum bullish and bearish speeds per each bar. This indicator is specially designed to help the scalpers of any market with their decisions about the short bias of the market. The indicator uses real-ticks and cannot be fully

25 USD

Profitable Statistical Arbitrage and M ean Reversion Algorithm This Expert Advisor implements the well-established Pairs Trading algorithm — a classic quantitative trading strategy based on statistical arbitrage and mean reversion . The EA identifies the optimal hedge ratio between two correlated trading symbols to construct a synthetic stationary spread . It continuously monitors the deviation of this spread from its mean value and opens synthetic BUY/SELL baskets when the spread

500 USD

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161

lalala888 2023.04.18 06:10 #

User didn't leave any comment to the rating

16543

Reply from developer Rasoul Mojtahedzadeh 2023.04.18 07:00 #

Hello,
Thanks for purchasing the indicator!
Please contact Service Desk and report this problem. I don't have access to help you with this issue.
Best regards,
Rasoul

75214119 2021.07.20 23:16 #

User didn't leave any comment to the rating

16543

Reply from developer Rasoul Mojtahedzadeh 2023.04.18 09:00 #

Hello,
Thanks for purchasing the indicator!
As mentioned in the description of the indicator, your broker needs to provide 28 major Forex pairs.
Please try the following actions from below list:
1. Set Maximum Look Back Days to more than 1 (like 2, 3, etc.).
2. Attach the indicator to an H1 chart ,(like EURUSD,H1), to see if it shows the strength lines.
3. Right click on "Market Watch" window and make all symbols visible.

145

Nezar Mahir 2017.03.15 06:08 #

Great indicator. Would not trade without it! Cannot underestimate the importance of knowing strong and weak currencies when trading