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True Currency Strength Meter

True Currency Meter with Email and SMS push notifications!

Have you ever wondered why would some pairs would move more than others, and 100 pips on EURGBP is bigger than 100 pips on EURUSD? And during the news, some would move 200 pips but some would only move 150 pips? This is the key to the newly developed "28 pairs" True Currency Strength Meter.

One has to know that all pairs are UNIQUE and are DIFFERENT from each other. "GBP" and "JPY" pairs usually move so fast, but other pairs don't. This is the key to my TRUE CURRENCY METER for a new calculation has been made to balance these 8 Major Currencies. Given that each pair has a different behavior, all of them were balanced in accordance with their market movement, which is basically based on PIPS. A typical Currency Strength meter doesn't even taken into consideration that the VALUE of 100 pips from "EURGBP" can be different from the value of your 100 pips on "EURUSD". But this newly Currency Strength Meter put the calculation into a new level in which all "28 pairs" are calculated with the same bases just to get the Real Strength of EACH CURRENCY. In which, the key to a TRUE currency meter is a "BALANCED CURRENCY STRENGTH METER".

  • TIME_FRAME - Choose the time_frame you want from M1 to Monthly
  • PERIOD - input number from 0 to infinite, like 5, 10, 100, 1000 to check the period, *NOTE: putting "0" (zero) means you current candle. Example: D1 with 0 period means the strength on current day candle.
  • USD_COLOR - choose color for USD
  • EUR_COLOR - choose color for EUR
  • GBP_COLOR - choose color for GBP
  • AUD_COLOR - choose color for AUD
  • CAD_COLOR - choose color for CAD
  • NZD_COLOR - choose color for NZD
  • CHF_COLOR - choose color for CHF
  • JPY_COLOR - choose color for JPY
  • Font_1 - Edit your font size for the figures on the upper right side of the indicator.
  • Font_2 - Edit your font size for the figures on the lowest left side of the indicator.
  • Space_1 - The space between the graph and percentage. This are the spaces on the right side of the indicator.
  • Space_2 - The space between the graph and percentage. This are the spaces on the left side of the indicator.
  • Shift - Edit the space between the percent and currency on the upper right corner.
  • ALERT
    • Alert_PAIR - This will alert you if there are two currencies going on different direction. Meaning, one is STRONG the other one is WEAK. This would mean that one currency is above 70% and the other one is below 30%.
    • Alert_CURRENCY - This will alert you if there is one currency that is strong or weak. Meaning, either it is higher than 70% or lower than 30%.
    • Alert_PAIR_AND_CURRENCY - A mixture of Pair and Currency Alert (new).
    • ALERT_OFF - Choose if you don't want alerts.
  • Sound_Alert__1 - Choose sound alert when a currency is above 70% (ALERT_LEVEL_1_STRONG) or below 30% which is (ALERT_LEVEL_1_WEAK).
  • Sound_Alert_2 - Choose sound alert when a currency is above 90% (ALERT_LEVEL_2_STRONG) or below 10% which is (ALERT_LEVEL_2_WEAK).
  • Email_SMS_NOTIFICATION
  • EMAIL_HEADER - Input the Title or Subject of your email or SMS
  • EMAIL_ALERT - Input When do you want to be Alerted. This can be based on ALERT_LEVELS and if you want to be alerted with Pairs or by just Currency Alone.
  • EMAIL_SMS_HOURLY_INTERVAL - The HOURLY interval of alerts. Putting "4" means you will be alerted every 4 hour.
  • ALERT_WHEN_STRONG
  • ALERT_LEVEL_1_STRONG - This is the first level where the Currency is getting STRONG. This must be lower than ALERT_LEVEL_2_STRONG. By default, its value is 70.
  • ALERT_LEVEL_2_STRONG - This is the second level where the Currency is getting EXTREMELY_STRONG. This must be higher than ALERT_LEVEL_1_STRONG. You will hear a different sound alert here which can be edited on Sound_Alert_1. By default, its value is 90.
  • ALERT_WHEN_WEAK
  • ALERT_LEVEL_1_WEAK - This is the first level where the Currency is getting WEAK. This must be higher than ALERT_LEVEL_2_WEAK. By default, its value is 30.
  • ALERT_LEVEL_2_WEAK - This is the second level where the Currency is getting WEAK. This must be lower than ALERT_LEVEL_1_WEAK. By default, its value is 10.
  • ALERT_INTERVAL - This is in seconds. Where you can edit the Interval of alerts like 1 alert tone every 10 seconds (new).
Max Van Dijk
74
2018.02.23 16:32 
 

Highly Recommended indicator. I like the concept of how you can customize it in anyway you want. I can be a swing trader on a busy day and a scalper when i have a lot of times. With the proper tweaks of the parameters it can give you a proper view how the market will move. Very fast indicator too with no delays unlike other strength meter which my computer usually get stuck. A proper use of the indicator can give you big results. I am using it for the past 3 months already made $2700 in Forex. I am now preparing for my resignation letter to be a full trader soon! Big thanks to the coder!

Saeid Nafar
173
2018.02.23 09:10 
 

good..support..but..for..me.not..work!very..late..signals..alert..repeat!

Tim Eubanks
135
2018.02.23 08:55 
 

Very late signals

Denis181986
244
2018.02.10 16:09 
 

Мне очень нравится . Показывает все чётко . Спасибо автору

Aravind
2345
2018.02.04 04:40 
 

User didn't leave any comment to the rating

Drowned
62
2018.01.24 13:36 
 

不太好用,可能是我不会用吧,算了,给个五星好了

Glaiza Gerez
37
2018.01.24 07:15 
 

Very nice indicator Especially I like how you can change the TimeFrame and Period you want to use. Everything can be customized which makes it user friendly. I also can't wait to have the EMAIL and SMS notification of this indicator. And the author has a good support. I highly recommend this!

Neil Groom
104
2017.12.14 13:36 
 

WOW this really is a TRUE currency meter. At the minute I am trying different settings and they all work great. 1 day on setting 1 is my fav at the minute but just tried 15 minute on setting 0. Now that is awesome for taking a few pips. Easy to use and easy to set up and what the title says. A TRUE & balance currency strength. Very, very pleased as been disappointed in others but gave this a chance. 10/10

julsdorfmann
59
2017.09.15 11:41 
 

Using it for almost a month now. And my trades are so stable and became a lot better. Very easy to use and I like how the alert system works where i don't need to look at the chart time to time. Also I feel like this is undervalued for I only bought it for $30 but now is getting higher. I am happy to get a copy when it is a bit cheap. Deserve 5 star for My $500cent account is now $600. Great support also from Emir. Good Job!

This METER will definitely make me rich! Very Nice!

Version 1.7 - 2018.02.21
Shift - distance between currency and percent can now be changed
Version 1.6 - 2018.01.25
EMAIL and SMS Notification ENABLED.
Space can now be edited between graphs and Percents.
Version 1.5 - 2017.11.23
Values can now be connected with any other indicator or EA using the following Keywords that can be taken through Global Variable. The Keywords are EUR, GBP, AUD, NZD, USD, CAD, CHF and JPY.
Version 1.4 - 2017.09.07
Additional Option on Alert. And Option for Interval of Alert sounds in seconds. For people who does not like hearing too much alerts.
Version 1.3 - 2017.08.30
From D1 Time Frame to any any time frame of your choice. Can be opened on multiple charts with different settings to check the strength on each currency on different Time Frames and Period
Version 1.2 - 2017.08.25
Can now be back tested. But highly recommended not to base trades on back test because back test have limitations in which you can only use 1 currency pair at a time. Not 28 pairs which is the best setup for forward testing.

A Tweak of strength calculations

Instead of just arrows up and down on currency directions, if a currency is less than alert_level_1_strong or greater than alert_level_1_weak, the pair will be noted for not having a clear direction and will be marked with "x". (This is highly based on ALERT_LEVEL_1_STRONG and _WEAK values).