Currency Index Watcher

Currency Index Watcher is a simple and user-friendly tool for whoever wish to trade Forex using currencies indexes.

Currency Index Watcher is configurable and usable directly from the panel.

Indexes of 8 custom currencies

  • EUR, USD, GBP, JPY, CHF, AUD, CAD, NZD (default)
  • Any 3-chars symbol from your market watch could be used (BTC = bitcoin, RUB = ruble, CNH = yuan etc ...) : double click the symbol label 
  • Ability to select which currencies and made-of pairs will be analyzed : check/uncheck wanted symbols in the calculation
  • Graphics : there's 2 types of graphics you'll meet there ...
    • Selected currencies compared as an histogram:gives an overview of the whole forex market - automatically updated according to selected currencies
    • Specific currencies's historical data over the chosen period:click on the value to display this graphic, by analyzing the index of the currencies thru time it's possible to make yourself a better opinion on what's upcoming

Currencies Pairs

Selection of opportunities is made according to the following selection criteria:

  • Minimal threshold:minimal difference in points of indexes' variation, the higher it is the more accurate is the signal.
  • Search among all currencies or only opened chart
  • Period: (W)eeks/(D)ays/(H)ours/(M)inutes, default is set to 24h.
  • MA (moving average's period):0=off, to use prices' from a moving average and take benefit from smoothing rather than standard prices.

Heat zone & signals : 

  • Add in the heat zone :default is set to 5 - when a pair reaches that level of strength (whatever it is bullish or bearish), it is signaled as being trending
  • Remove from the heat zone :default is set to 3 - when a pair falls below that level of strength (whatever it is bullish or bearish), it is signaled as not being trending anymore
  • Clear journal : will clear the journal

Currencies pairs are listed according to a color-code (Green/Red) based on the "heat zone" values defined by the user : 

  • Dark color = strong trend
  • Normal color = trending
  • Light = insignificantly trending

Scope : default is set to 5

  • The scope is a "multitimeframe zoom", a unique feature developed for CIW, since last update values it displays aren't no longer strengths, but forces
  • A concrete example being more talkative : "EURUSD, 24h, Scope 5", it will show EURUSD force on : 
    • the whole last 24 h : strong bull
    • the last 19 h : bull 
    • the last 14 h : bull
    • the last 9 h : bear
    • the last 4 h : strong bear
You'll find more examples on the "Comments tab".

With such a deep analysis it's possible to easily anticipate any upcoming consolidation/breakout etc ...

Customization & friendliness

  • Default settings : any change made to CIW is registered, this button will reset the indicator to its default settings
  • Beep to notify : enable/disable sound notification

Currency Index Watcher is timeframe independent and needs to be applied on one only chart but an interval of >=24h is recommended to rely on this strategy.


Video Currency Index Watcher
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Regent Street, rather than an expert or an indicator, is an all-in-one trading assistant easing your trading sessions by providing signals and notifications. It's an assistant rather than a robot - "an assisted steering rather than an autopilot", and now, it autoadjusts itself to any instrument, any timeframe & any circumstance. Note from the author: Regent Street's frontend is exactly the same as an other product Ermou Street , but the backend is different. Performances for each are very relati
Market Sentiment is an indicator for MT5.  Market sentiment is the feeling or tone of a market . Also called investor sentiment, it is generally described as being bullish or bearish : When bulls are in control, prices are going up . When bears are in control, prices are going down . Markets being driven by emotions, the market sentiment is about feelings whereas fundamental value is about business performance . Settings :  Range in bars : numbers of bars used for the calculation, at your own c
Tired of traditional Fibonacci retracement lines cluttering your charts and extending into infinity? FiboCandles revolutionizes technical analysis on MetaTrader 5 by transforming classic mathematical ratios into adaptive price channels and dynamic breakout zones . Instead of drawing lines, FiboCandles builds structural blocks directly over your candlesticks. It maps the market's natural rhythm, making it instantly obvious when the price is consolidating, retracing, or launching a massive new tre
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