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Advanced Currency Strength28 MT5

Demo downloaded: 1 136

Published: 20 April 2017

Current version: 8.9

Advanced Currency Strength28 MT5

Indicators
Bernhard Schweigert
Version: 8.9
Updated: 11 March 2024
Activations: 5

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 new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?

User manual: click here

That's the first one, the original! Don't buy a worthless wannabe clone.

The Special

Arrows in sub-window to show strong currency momentum GAP will guide your trading!
Warning signs in the main window of the individual chart when the base or quote currency is in oversold/overbought zone (outer market Fibonacci levels).
Pullback/reversal alert when currency strength drops back from the outer range.
Special alert of a cross pattern

Available with multi time frame choice to see quickly the TREND! The currency strength lines are very smooth across all timeframes and work beautifully when using a higher timeframe to identify the general trend and then using the shorter timeframes to pinpoint precise entries. You can choose any time frame as you wish. Every time frame is optimized by its own.

Built on new underlying algorithms it makes it even easier to identify and confirm potential trades. This is because it graphically shows whether the strength or weakness of a currency is increasing or not and how it performed in the past. These features were designed to help make it easier for you to not only identify which are the strong and weak currencies but to also show you when to trade, when not to trade and when to take profits.

Advanced Currency Strength28 Indicator works on all THE 28 currency pairs. It is a new formula, and the very new features are Market Momentum and dynamic Market Fibonacci Levels which adapt to current market activity! Market Momentum is the 9th line. This is a great advantage and new in Forex trading. When you learn how to use the proprietary features such as the market momentum and dynamic Market Fibonacci you will be able to tell whether you want to trade with the trend, look for a trend continuation or a pullback.

All the graphics are based on the new buffers which represents historical dynamic Market Fibonacci levels.

Indicator parameters

To see the full list click here.

==== Chart settings

use currency specific characteristics (each currency will be handled by its own)
draw GAP (arrows in sub-window to show strong currency momentum GAP)
GAP Market Fib (23) slope (currency angle to draw arrow)
draw Outer MFib stop (pullback/reversal alert when currency strength drops back from outer range. For M1 use at least 161 or more.)
Outer MFib stop (100-161) (warning signs in the main window for individual chart when the base or quote currency is in oversold/overbought zone outer market Fibonacci levels. For M1 use at least 161 or more.)
quick chart open in new window (To change the pair on the chart just click the currency names. Click two names to build a pair. Simple: click GBP and JPY to change the chart to GBPJPY. Set to false: change pair on a chart. Set to true: Open the pair in new window)

=== Alert settings

alert outer MFib Trigger HIT (alert when currency strength reach outer Market Fib levels)
alert outer MFib Trigger HOOK (pullback/reversal alert when currency strength drops back from outer range)
outer MFib Trigger level (161) (Alert level)
minimum hook GAP (28) (inside GAP slope value)

=== Alert settings CS cross

cross market Fib slope
use 4 bars cross pattern (false = 3 bars)
alert currency cross
show triangle on subwindow
show vertical line for chart symbol

Tips

Use my template. See manual
Use “open chart in new window” if you do not want to interrupt the indicator.
Stay within the trend (currency GAP) of the higher time frame.
Look for the currency double-GAP as trade setup.
SPECIAL: To update the MT4 chart history 7 support charts will be opened (see manual)! This function can be deactivated.
Check my news and blogs on profile for trading system and trade examples.

I will always help you if you have any questions.

I wish you many green pips in the future.

Best Regards, Bernhard

more...

mrchavezz 2024.03.22 22:50 #

you can not believe the author support and guidance i had too many questions and he answered every single of them i will using the indicator for 2 weeks in demo and after that ,if it was good i will go for live , i will update my honest review so you can judge your self , thank you bernhard for your patience and good support

update:

28/3/2024 ive test it in many ways and if you learn the full tutorial and master it you will have good profit , this indicator does everything that author claim and works best with impulse , with cs28 you can understand which pair is good for trade at the moment and impulse shows you if the pair is going to move or not

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Filter:

mrchavezz 2024.03.22 22:50 #

update:

Version 8.9 2024.03.11

We've just released an exciting update for our indicator, packed with enhancements that take your trading to the next level.

Upgrading your indicator is a smart move. It ensures you're leveraging the latest features, giving you a competitive edge in the market. Don't miss out!

Should you have questions or need help with the update, our team is here for you. Reach out anytime; we're committed to your success.

www.CurrencyStrength28.com

Version 7.3 2022.10.03

Various improvements for new Metatrader version.

Version 4.5 2020.05.10

Various improvements.

Version 4.2 2018.10.09

Several improvements.

Also a timer for delay can now be added if you wish:
New input:
==== other settings
+ pause runs in seconds to next update (for less CPU use)
It will pause on the live candle instead of using every tick.
Default is 0 (not used).

Version 4.1 2018.09.06

Optimized the main function and made equations faster.

Version 4.0 2018.07.23

Added new buffers to show historically the dynamic market Fibonacci reversal levels instead of horizontal lines.

Version 3.3 2017.08.31

+ optimized currency strength functions with MT5
+ added update cross pairs
Since the last update was added open support charts for USD pairs.
Now you can also update all cross pairs.
New input:
+ run support charts also on cross pairs!
It will open only ONE update chart and update all cross pairs on this chart in the back ground.
+ Optimized drawings of the arrows in the sub-window. They will now draw faster.

Version 3.2 2017.07.04

Optimized the function for the 7 update quote charts and how multiple indicators will share it.
Made sure the indicator will draw also in the weekend without ticks when the market is closed.

Version 3.1 2017.06.30

+ added a historical Market Fibonacci 23 buffer for arrows and alerts.
+ added arrows in sub-window to show strong currency momentum GAP.
+ added warning signs in the main window for individual chart when the base or quote currency is in oversold/overbought zone (outer market Fibonacci levels).
+ added pullback/reversal alert when currency strength drops back from outer range.
+ As requested by customer I added a special alert of a cross pattern.
All the graphics are based on the new buffer which represents historical Market Fibonacci 23 with dynamic Market Fibonacci values.
NEW INPUT PARAMETERS:
+ draw GAP
+ GAP Market Fib (23)
+ draw Outer MFib stop
+ Outer MFib stop (100)
==== Alert settings
+ alert outer MFib Trigger HIT
+ alert outer MFib Trigger HOOK
+ outer MFib Trigger level
+ minimum hook GAP (28)
+ popup Alerts
+ send email alerts
+ send push alerts
+ Arrow stop Color
=== Alert settings CS cross
+ activate currency cross functions
+ cross market Fib slope
+ use 4 bars cross pattern (false = 3 bars)
+ alert currency cross
+ show triangle on subwindow
+ show vertical line for chart symbol
+ color for cross line

Another magic function will open 7 support charts to speed up the broker feed and the external history data.

New input:
+ open support charts!