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Advanced Currency Strength28 MT5

Demo downloaded: 1 028

Published: 20 April 2017

Current version: 7.3

Advanced Currency Strength28 MT5

Indicators
Bernhard Schweigert
Version: 7.3
Updated: 3 October 2022
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

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Currently 20% OFF ! This dashboard is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews: Advanced Supply Demand ). The dashboard gives a great overview. It shows: Filtered Supply and Demand values including zone strength rating, Pips distances to/and within zones, It highlights nested zones, It gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your personal

199 USD

This indicator is a super combination of our 2 products Advanced Currency IMPULSE with ALERT and Currency Strength Exotics . It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol! This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show true currency strength accelerat

149 USD

CURRENTLY 20% OFF ! Best Solution for any Newbie or Expert Trader! This Indicator is specialized to show currency strength for any symbols like Exotic Pairs Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show true currency strength of Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH etc. This is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Imagine how your trading

128 USD

Best Solution for any Newbie or Expert Trader! This Indicator is an affordable trading tool because we have incorporated a number of proprietary features along with a new formula. The Advanced Accumulated Currency Volume Indicator is specialized for the main 28 Forex pairs and works on all time frames. It is a new formula that on a single chart extracts all the currency volume (C-Volume) of AUD, CAD, CHF, EUR, GBP, JPY, NZD, and USD. This is a great advantage in trading. Volume traders will know

58 USD

CURRENTLY 20% OFF !! Best Solution for any Newbie or Expert Trader! Review your trades is the first step to a successful trader. Successful traders have a habit of regularly reviewing their trading performance. This tool will help you to do just that. The review process will be most effective with this tool to track your trading. Analyse your manual trades or the trades of your EA. Use the 3 general view. To switch between just click on the button. Closed Trades Open Trades Close+Open Trades A

65 USD

CURRENTLY 26% OFF !! This indicator is a super combination of both our main indicators ( Advanced Currency Strength 28 & Advanced Currency IMPULSE with ALERT ). It shows Currency Strength values for TICK-UNITS and alert signals for 28 Forex pairs. 11 different Tick-Units can be used. Those are 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, and 30 Seconds. The Tick-Unit bar in the sub-window will be shown and shifted to the left when there is at least 1 tick within the second’s timer. With only ONE chart y

148 USD

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 and confirm potential trades.

128 USD

A trading tool you do not want to miss. The indicator displays all trades/deals in the chart with the symbol it is attached to. It prints the number of pips in profit or loss. By choice it prints a vertical line through sub-windows for better analysis. Check also the PRO-version here: My Trade History PRO As well it adds the information about the total result of trades in the deposit currency and the total pips. You can choose to show only the trades of the day or to show only trades within a n

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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!