• Overview
  • Reviews (3)
  • Comments (13)
  • What's new

KARAS Currency Index

KARAS Currency Index shows eight currencies' trend power. (USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD). It is a real time currency strength meter with a real time histogram. Three trend terms are used in this indicator. (Long, Medium and Short Terms). Eight currencies are selected by their volumes in market and liquidity.

New formula has developed for calculating their real value. Only one chart is enough to see six currencies' values.

17 pairs' power are seen easily by using this indicator. EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, EURJPY, EURGBP, EURAUD, EURCAD, GBPJPY, AUDJPY, CADJPY, GBPAUD, GBPCAD, AUDCAD, NZDUSD, USDCHF.


Key Features

  • No Repaint!
  • Available for all TimeFrames.
  • Suitable for Scalpers, Swing Traders, Day Trader, Short Term & Long Term Traders.
  • Compatibility to different trading strategies
  • It is a supporting tool for trading systems as Trend filter.
  • Easy-to-use trading system for beginners, advanced and professional traders.


My other products are here -----> https://www.mql5.com/en/users/ozkankara27/seller#products

KARAS AutoRS MT4 Indicator    >>>    https://www.mql5.com/en/market/product/23430


Trading Strategy

  • BUY EURUSD if EUR crosses USD upwards
  • SELL EURUSD if EUR crosses USD downwards
  • BUY AUDUSD if AUD crosses USD upwards
  • SELL AUDUSD if AUD crosses USD downwards


Indicator parameters

  • Show Bar Limit: Maximum bar for calculation
  • Show Only Chart Currencies: If it is true, when EURUSD chart is opened, EUR and USD are drawn. If it is false, all currencies are drawn.
  • Draw Term: 3 terms are calculated. Long, Medium and Short. Select one of them for showing on chart.
  • Colors of currencies: When you change the colors, Text color of currency and line color will change at the same time.


Reviews 3
Emiliano La Rocca
92
Emiliano La Rocca 2019.03.04 14:14 
 

I use the indicator with breakout strategy time frame 15 30 60. Excellent signal confirming the distance between the lines.

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Emiliano La Rocca
92
Emiliano La Rocca 2019.03.04 14:14 
 

I use the indicator with breakout strategy time frame 15 30 60. Excellent signal confirming the distance between the lines.

Adam Willians
371
Adam Willians 2018.10.14 19:52   

User didn't leave any comment to the rating

Samuel Konadu-Dwumah
69
Samuel Konadu-Dwumah 2018.02.05 09:29   

User didn't leave any comment to the rating

Version 2.2 2019.08.17
- Panel show on/off added
Version 2.0 2018.05.21
CAD and NZD is added