• Overview
  • Reviews (4)
  • Comments (7)
  • What's new

WS Currency Strength

5

Have you ever wondered which currency is moving a pair?
For instance, if you see EURUSD go up, then is it because the EUR is getting stronger or because the USD is getting weaker?
Well, this nifty little indicator will tell you in a blink of an eye!

The indicator shows the relative strength of eight major currencies by comparing each currency with all the other ones, and presents the result in an easy to interpret graphical way.
Alerts, Notifications and Emails can be set on a range of scenarios. (see settings)
Also, if only 2 currencies are selected, a button to open a chart of that pair can be displayed.
This is a very convenient feature because now you won't have to go through the pairs list to find this pair.

The currencies are: EUR, USD, GBP, JPY, CHF, AUD, CAD and NZD.
+ the RSI of one extra Instrument of your choice.  Default added is AUXUSD.

Settings

  • Number of Bars : how many bars to calculate and show. Default is 500.
  • Pairs Prefix : if your pairs have any prefix, enter it here. Example x.EURUSD --> enter "x."
  • Pairs Suffix : if your pairs have any suffix, enter it here. Example EURUSD.m --> enter ".m"
  • Show "Open Chart" button : if only 2 currencies are selected, a button to open a chart of that pair will be displayed.
  • Initial Selection: (drop down list)
    • Reset to Default: will load the below DEFAULT Selections.
    • Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
    • Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.
Following settings groups are self-explanatory

  • DEFAULT Selections
  • ALERTS
  • COLORS & STYLES
  • SIZE & POSITION

     

    How to Use and Requirements

    The indicator can be applied to any instrument.
    If necessary, it will first automatically download all the required pairs' history.
    You can follow its progress on that in the Experts tab of your terminal.

    Remarks
    • The Time Frame selector doesn't work in the Strategy Tester!
    • If not all history was available when the indicator was applied for the first time, it can be that there is no indication.
      If that's the case, simply remove the indicator and after a minute or so apply the indicator again and it should be just fine.
    • If there is no history for some of the required pairs to calculate (or pair is not available), then the affected currencies will be disabled! (see the screenshots)

    Needed pairs

    • EURUSD, EURJPY, EURGBP, EURCHF, EURAUD, EURCAD, EURNZD
    • USDJPY, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD
    • GBPAUD, GBPCHF, GBPCAD, GBPJPY, GBPNZD
    • AUDJPY, CHFJPY, CADJPY, NZDJPY
    • AUDCHF, CADCHF, NZDCHF
    • AUDNZD, AUDCAD
    • NZDCAD
    • And finally the pair on which you will apply the indicator and the extra custom instrument.

    It is possible to generate a signal in your EA

    You can read the 8 indicator buffers (0 to 8):

    • EUR = Line Index 0
    • USD = Line Index 1
    • GBP = Line Index 2
    • JPY = Line Index 3
    • CHF = Line Index 4
    • AUD = Line Index 5
    • CAD = Line Index 6
    • NZD = Line Index 7
    • Extra Custom Instrument = Line Index 8

     

    For further details, please see the Screenshots tab.
    I am always available for support.

    Many green pips!

    Walter



    Reviews 4
    elite luis
    3122
    elite luis 2023.02.17 12:23 
     

    This the Best Currency Strength with very comprehensive alert! Author very considerate to make all alert combo above below level and cross alert, and I like the fact that Author make it able to check on box to hide and display the pair that we want to display, this is the only CS scanner that has this feature in mql unique! Well done! and Author is super responsive and continously updating improving, well worth best purchase for 2023! Looking forward to CS Exotic for US30 and Gold, Crypto BTCUSD in Author next release as another product will fully support! Thanks 5 stars!

    Andy Tim Tran
    1086
    Andy Tim Tran 2020.02.16 12:58 
     

    Easy to use. Thank you

    BJA158
    160
    BJA158 2019.10.24 22:14 
     

    Amazing! The only multi-tf currency indicator. A must have. Outstanding support and communication from publisher. The updates are fantastic. We highly recommend before more updates come and the price goes up! Helps a ton with entries and exits in the market and you will be able to make your money back with this tool! Thanks a Ton! A+Trading and Investments LLC.

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    Filter:
    elite luis
    3122
    elite luis 2023.02.17 12:23 
     

    This the Best Currency Strength with very comprehensive alert! Author very considerate to make all alert combo above below level and cross alert, and I like the fact that Author make it able to check on box to hide and display the pair that we want to display, this is the only CS scanner that has this feature in mql unique! Well done! and Author is super responsive and continously updating improving, well worth best purchase for 2023! Looking forward to CS Exotic for US30 and Gold, Crypto BTCUSD in Author next release as another product will fully support! Thanks 5 stars!

    Andy Tim Tran
    1086
    Andy Tim Tran 2020.02.16 12:58 
     

    Easy to use. Thank you

    BJA158
    160
    BJA158 2019.10.24 22:14 
     

    Amazing! The only multi-tf currency indicator. A must have. Outstanding support and communication from publisher. The updates are fantastic. We highly recommend before more updates come and the price goes up! Helps a ton with entries and exits in the market and you will be able to make your money back with this tool! Thanks a Ton! A+Trading and Investments LLC.

    Paulus Nangoy
    3531
    Paulus Nangoy 2018.02.13 14:20 
     

    Excellent product and support from Walter, really a must to have indicator. Thank you very much!

    Reply to review
    Version 4.8 2023.02.28
    - Little bug fix. Gave error when Custom Instrument empty.
    Version 4.7 2023.02.27
    - You can now add the RSI of one extra Instrument of your choice. Default added is AUXUSD.
    Version 4.6 2022.07.13
    - Bug fix: Indicator error when less bars on current chart than "Number of Bars" requested.
    Version 4.5 2022.07.13
    For non standard PC screens and text sizes, added settings:
    - Add to Labels Width (Pixels)
    - Add to Labels Height (Pixels)
    - Add to Button Width (Pixels)
    - Add to Button Height (Pixels)
    - Shift Button to Right (Pixels)
    Version 4.4 2020.06.16
    - nothing changed, just changed version number to synchronize with the MT5 version number.
    Version 4.3 2020.06.02
    - repositioned info messages
    Version 4.2 2020.05.20
    - improved downloading of history
    Version 4.1 2020.02.03
    Added: Show "Open Chart" button
    Version 4.0 2019.10.30
    Bug fix: period not correct (0) when setting "Initial Selection" = Synchronize with Pair and TF
    Version 3.9 2019.10.24
    - Added settings for default selections:
    Select Time Frame
    Default Period
    Select EUR
    Select USD
    Select GBP
    Select JPY
    Select CHF
    Select AUD
    Select CAD
    Select NZD

    So "Reset to Default" on "Initial Selection" drop down list will load the above settings.

    - Fixed indicator not loading on platform restart.
    Version 3.8 2019.10.14
    Replaced setting "Synchronize with Pair and TF" with "Initial Selection".

    Initial Selection: (drop down list)
    - Reset to Default: No currencies selected, Time Frame = H1, Period = 10.
    - Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
    - Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.
    Version 3.7 2019.09.25
    - Added setting "Synchronize with Pair and TF".
    The currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
    Version 3.6 2019.04.08
    Changed setting "Number of Bars" to 500
    Version 3.5 2019.01.10
    Added settings for COLORS & STYLES
    Version 3.4 2019.01.03
    Added Alerts
    Version 3.3 2018.10.18
    Automatically load not visible symbols in market watch
    Version 3.2 2018.07.02
    Changed link on About tab
    Version 3.1 2018.01.26
    When using the Free Demo version in the Strategy Tester, the terminal would freeze when testing on another than H1 Time Frame.
    To prevent this, selecting another TF than H1 will remove the indicator and the tester will be stopped.
    Also while testing, the TF selector of the indicator is disabled.