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Vital Currency Strength Indicator Pro MT4 Demo

Free Demo

This is a demonstration version of the Vital Currency Strength Indicator Pro. This version of the indicator only operates on the monthly (MN) timeframe.


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.
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Bernhard Schweigert
CURRENTLY 39% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs . Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify an
78 USD
Trend Line Map Pro
Sayadi Achraf
⭐️ ⭐️ ⭐️ ⭐️ ⭐️    Limited Time Offer,  Rent Trend Line Map  PRO  for  only 10$/Month    to   try our algorithm before getting lifetime version     ⭐️⭐️⭐️ ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener . It's  working as a scanner for all signals generated by Trend screener ( Trend Line Signals )  . Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screen
49 USD
Blahtech Supply Demand
Blahtech Limited
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
149 USD
Bruces Price Predictor
Bruce Webb
*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
50 USD
Ichimoku Scanner Dashboard
Abir Pathak
Dashboard uses Ichimoku Strategy to find best trades. Get extra Indicators/Template: https://abiroid.com/extras/ichimoku-scanner-dashboard-extras Use this template: specify "Ichimoku" in Property: "Use Template For New Window" Tutorial: https://youtu.be/DvQR04YC4Ew Checks: For BUY: * If price above at least min distance from Kumo * If "Check Tenkan Kijun Cross" true and Tenkan at least min distance above Kijun * If "Check Chikou Cloud Distance" true and Chikou at least min distance away fro
50 USD
Pro Currency Strength Meter
Oystein Knudsen
Currency Strength Meters are a great way to identify strong and weak currencies. With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD. Suggested timeframes to scan is: M15 - H1 - H4 - Daily  You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.  The strength s
129 USD
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Tim Eubanks
5542
Tim Eubanks 2018.03.14 11:35 
 

Typical CSM, nothing special.

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