Market / MetaTrader 4 / Indicators /

Multi Currency True Strength

30 USD

Demo downloaded: 383

Published: 29 September 2017

Current version: 1.0

Multi Currency True Strength

Indicators
Desmond Wright
Desmond Wright
South Africa

2722
3.5 (9)
3 products 3 codes 23 topics 61 comments
Version: 1.0
Activations: 5

Are you a day/week/month trader, or even a quick scalper? MCTS will show you the best trending currencies to trade on any timeframe.

By using a unique algorithm MCTS measures the strengths of individual currencies and then combines them into pairs to show you the best pairs to trade.

Monitor all 8 major currencies and all 28 pairs.

Monitors the strengths of the following currencies: EUR, USD, GBP, JPY, AUD, NZD, CHF, CAD.

Measure the true strength of a currency on any timeframe.

Know which currency is trending up or down.

Technical

This indicator shows multiple individual currency strengths as measured against all the other currencies from a starting point which is the timeframe. It measures the price movements of the applied chart currency pair comparing the base and counter currency occurring in all the other base/counter currencies and shows the strength movements.

The strength of the currency is measured from a starting point (timeframe) until the next staring point (timeframe).

Features

single or all currencies graph
change timeframe
histogram function on single currency pair
automatic highlight of currency on currency chart
automatic sorting of best up trending currency pairs with spread
automatic sorting of best down trending currency pairs with spread
easily change displayed currency pairs by clicking on the indicator
meter sidebar showing the values of each of the 8 majors

Inputs

dif - This is the strength difference to put a arrow on the chart
timeframe - drop-down: choose any timeframe
width - the line thickness
font_size - drop-down: choose from the drop-down menu the font size
type - drop-down: choose from the drop-down menu line or histogram
if choosing histogram select 'current_only' to true
current_only - drop-down: choose true or false to show all or only current currency
Alerts - drop-down: This will put up the alert box and draw the arrows on the chart
bars - choose the number of bars to calculate back.
suffix - input the currency pair suffix if your broker uses one.

more...

Screenshot #1 Multi Currency True Strength

Screenshot #2 Multi Currency True Strength

Screenshot #3 Multi Currency True Strength

Screenshot #4 Multi Currency True Strength

167

Aequitas omnia 2019.10.02 14:35 #

Nice Currency Strength indicator. 5 from 5

10312

sunnychow 2019.05.06 17:49 #

it is good work.

120

Neil Groom 2017.10.20 01:12 #

This is the best Currency strength indicator I have ever come across, and I have tried them all.

Id do a screenshot and post it but not sure how. See a screenshot on forexfactory of todays result. I was blown away.

https://www.forexfactory.com/showthread.php?p=10408284#post10408284

Well worth the price. I'm blown away and it takes you away from the usual rubbish of moving averages, RSI etc.

This is the real deal.

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Filter:

103

Formateck desk 2020.08.10 08:18 #

Je ne l'ai pas trouvé fiable sur le 1 mn et 5 mn peut etre est 'il meilleurs sur d'autre bases de temps ? Je ne mets pas d'étoile parce que j'en ai trouvé un meilleurs et très fiable sur les bases de temps de 1 mn et 5 mn currency trength matrix. Je ne fais pas de publicité je ne marque que ce que je trouve de bon et fiable

167

Aequitas omnia 2019.10.02 14:35 #

Nice Currency Strength indicator. 5 from 5

10312

sunnychow 2019.05.06 17:49 #

it is good work.

120

Neil Groom 2017.10.20 01:12 #

This is the best Currency strength indicator I have ever come across, and I have tried them all.

Id do a screenshot and post it but not sure how. See a screenshot on forexfactory of todays result. I was blown away.

https://www.forexfactory.com/showthread.php?p=10408284#post10408284

Well worth the price. I'm blown away and it takes you away from the usual rubbish of moving averages, RSI etc.

This is the real deal.

Multi Currency True Strength

Desmond Wright

Technical

Features

Inputs