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Vital Currency Strength Indicator Pro MT4

Purpose

The purpose of this indicator is to evaluate individual currencies’ behavior in many useful ways.

In a given timeframe, the indicator will tell the user whether a certain currency is overbought, oversold, trending up, or trending down, depending on its configuration.


Mechanism

First, the indicator retrieves the needed open, close, high, low, and volume data from up to seven ticker symbols to generate indices for up to eight currencies.

Next, common indicator tools (or “processors”) are used to analyze these index feeds. Each processor is configurable.

  • Raw – No processing, outputs close indices.
  • RSI Processor – Applies RSI to close indices.
  • MACD Processing – Applies MACD to close indices.
  • Stochastic Processing – Applies Stochastic to close, high, and low indices.
  • CCI Processing – Applies CCI to close, high, and low indices.
  • MFI Processing – Applies MFI to close, high, and low indices as well as tick volume data.
  • TrendMonitor – Applies TrendMonitor to close data. Here, a currency is trending if the configured moving average is increasing or decreasing. For example, on the daily chart, a user can identify which currencies are trending on the 20 SMA – and in which direction.

Next, the output of any of these processors can be smoothed with a moving average. This can be useful to filter out noise and reduce likelihood of “fake-outs”.

Finally, the user will have some visual controls, in order to both permanently and quickly eliminate distractions. Buttons are provided to hide and show plot lines quickly – alternatively, they can be input as booleans.


Inputs List (abbreviated)

Below is a brief walkthrough of the inputs:

  • (A): Processor
    • Select main mode of operation.
    • This selection will determine which inputs are applicable.
  • (B) Moving Average Post-Processing
    • Select whether or not to apply moving average smoothing to your data.
  • Processor controls
    • Only the relevant inputs will be used. For example, only the RSI processor will use "Period RSI".
  • Post MA Period & Method
    • If applicable, this will control the output smoothing.
  • Calculate [XXX]
    • If enabled, this currency's index will be calculated.
    • At least two currencies need to be calculated. (If only two currencies were calculated, the output should be similar to - if not identical to - that of the same pair.)
    • If, for example, there is no ticker for NZDUSD, set "Calculate NZD" to false.
  • [XXXYYY] Symbol
    • Input string names for all tickers.
    • Some brokers use eccentric symbols (i.e. EURUSDi, EURUSDecn).
  • [XXXYYY] Inception Value
    • Initial value used to calculate 10,000-unit long position for each currency in index calculations.
    • Default values are for end-of-year 2015.
  • Maximum allowable calculations
    • Max number of calculations for index bars calculated.
    • A higher number offers more precedence but makes the indicator slower.
    • A lower number makes the indicator faster but gives less precedence.
    • Default is 10,000
  • Line colors can be selected.
  • Plot widths can be set.
  • Stochastic - Full %K Line
    • Optionally, the Full %K Line can be shown in stochastic mode.
    • This can be useful for Stochastic crossover analysis.
  • Three levels can be set for any indicators that range from 0 to 100 (i.e. RSI, Stoch, etc.)
  • Additional levels can be set.
  • Lines can be displayed or hidden upon initialization.
  • Buttons
    • Can be on or off.
    • Can be arranged vertically or horizontally.
Reviews 2
Erdinç Yıldız
539
Erdinç Yıldız 2017.03.15 12:48 
 

Nice work.

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This indicator is used to determine the trend. Standard Three Moving Average and ADX indicators are used. It has the indicator warning system (audio, e-mail) and three types of alerts, including messages to mobile phone. It shows the best performance on M5. When the trend value reaches the value set, the warning system is activated. This indicator works only with Forex symbols. Inputs SoundAlarm = true - Sound Alert Sendmail=true - Send an e-mail in case of a buy or sell signal Sendnotificatio
2 799 USD
Haskayafx Barla Trend
Haskayafx Barla Trend
Mehmet Bastem
You can fins our other products from link : https://www.mql5.com/en/users/drbastem/seller   Also, you can ask all your questins from email : haskayafx@gmail.com or mobile : +90 530 867 5076 or @MehmetBastem    on telegram application This indicator is used to determine the trend. Standard MACD indicator is used. It has the indicator warning system: beep, e-mail and has three types of alerts, including messages to mobile phone. It shows the best performance on the chart of 5 minutes. When the
2 799 USD
QTFx Better Candles
QTFx Better Candles
Thorsten Frey
QTFx Better Candles are little more accurate than the standard ones. For correct practicing you must define the market as ranging or trending. In trending markets, you find easily an entry in the Trend direction. Use for the Trend definition higher highs/lower lows, moving averages or other. The red Candles are Sell and the blue ones are buy Candles. Please keep in mind that you should support your trade with other systems to get an accurate trading and using a trailing stop loss. Key Features
20 000 USD
Smooth price for Monarch MT4
Smooth price for Monarch MT4
Konstantin Gruzdev
The Smooth Price technical indicator is used for plotting a smoothed line as close to the price of the financial instrument as possible, and serves to eliminate its noise components. The indicator is part of the Monarch trading system, but here it is presented as an independent technical analysis tool. The indicator is based on the cluster digital filter , which, unlike the ClusterSMA , is applied directly to the price time series. Smooth Price does not redraw (except the very last, zero bar) an
999 USD
Termi
Termi
Dimitar Pavlov
The indicator gives alerts when 4 conditions are met (based on candle formations and several indicators). The indicator does not repaint or redraw. The signal always come as soon as candle open. Works on any timeframe and any symbol. I recommend to be used on Silver (XAGUSD) on 1M chart or 5M chart. Inputs: Email Alerts - enable/disable email alerts Audible Alerts - enable/disable audio alerts
2 000 USD
Tigger
Tigger
Dimitar Pavlov
This indicator is very powerful tool on AUD/NZD 1 minute chart, however it works on any symbol and any timeframe. The indicator does not repaint or redraw. The signal always come as soon as candle open. Personally I tested it on Metaquotes demo account on AUD/NZD 1 minute chart for 6 months and it has 68% success rate based on 2409 signals from the indicator for this 6 month period. On AUD/NZD 5 minute chart has 69% success rate too, based again on 6 months test and 717 signals from the indicato
2 000 USD
NinjaTrend Scalping Assistance
NinjaTrend Scalping Assistance
Kumiko Takeda
This indicator captures the trend. It conducts Zig-Zag and Fractal analysis and generates a sell signal when both analyses exceed a set level. The reason for not winning with FX is because “it does not capture the real trend” and because “the trend changes frequently”. Another reason is the continuous usage of the free of charge indicators despite it has many repaint functions. Therefore, this indicator solves these problems. It is very simple to use as green bar indicates that buying is the tre
1 000 USD
WWF
WWF
Dimitar Pavlov
Very accurate indicator for binary options which can predict with high accuracy the current candle direction. This indicator gives alerts with arrows when to buy and sell, red arrow means to sell and blue arrow means to buy. Works on all timeframes and all symbols. The indicator don't repaint, don't recalculate and don't redraw its signals.Signals always come as soon as candle opens. Here you can see the result of the indicator for 24 hours: https://www.mql5.com/en/signals/183943 Inputs Email
1 000 USD
CounterTrend Indicators Systems CIS
CounterTrend Indicators Systems CIS
Gennady Sergienko
CIS is designed for trading a basket of correlating currencies, as well as single instruments: indicators VSA indicator which draws arrows (does not redraw). Its signals indicate the price reversal on a calm market or decrease of the rise or fall rate during strong movements. Works fine in the flats. As the indicator uses volumes in its calculations, be careful during evenings and night times, when there are very small volumes. It is recommended to be used only on multiple currencies or at l
999 USD
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9493257 2017.11.28 02:31 
 

Hola, compré el indicador Vital Currency Strength Indicator Pro MT4, lo descargue en mi plataforma mt4 del broker TRADERSWAY pero cuando lo abro para usarlo me sale una ventana de Alerta que dice: " Error finding symbols. Quitting..." ; y entonces que lo compré no he podido usarlo, espero por favor me ayuden a resolver este problema, Neptali Valera.

Erdinç Yıldız
539
Erdinç Yıldız 2017.03.15 12:48 
 

Nice work.

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Version 1.1 2017.02.24
Fixed divide by zero error when currency calculations are reduced to less than eight currencies.