Market / MetaTrader 4 / Indicators /

WS Currency Strength

30 USD

Demo downloaded: 175

Published: 22 January 2018

Current version: 4.8

WS Currency Strength

Indicators
WaltSoft
Version: 4.8
Updated: 28 February 2023
Activations: 10

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

more...

3037

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!

885

Andy Tim Tran 2020.02.16 12:58 #

Easy to use. Thank you

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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Round Numbers and Background. The WaltSoft RNB Plus Indicator adds scale and perspective to your charts. Alert, Notification and Email can be set for when price reaches a Big Round Number. Because price does very often react on big round numbers this indicator is especially handy for Scalping and Swing trading. On a naked chart you have no clue of how much price has moved. But put the WaltSoft RNB on your chart and it draws an alternating color background (grid) with a scale you can cho

30 USD

- Alert, Notification and Email when price reaches a level. - Second channel possible. - The Channel updates with every new bar, so moves along with time. - Does not repaint. - Generate a signal in your EA. Description Standard Deviation Channel is built on base of Linear Regression Trend representing a usual trendline built between two points on the price chart using the method of least squares. As a result, this line proves to be the exact median line of the changing price. It can be consi

30 USD

Will Calculate the Lot Size for a given Percent Risk and places the order with SL and TP with a click of a button. Locks in your profits on auto-pilot with a Set Break Even function and/or several Trailing Stop Loss methods. Drag and position your Stop Loss and Take Profit before placing the actual order. Close trades with a click of a button. Works with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instrument: Forex, Bonds, Futures, Indices, Commo

95 USD

Looking for more detailed price action? Is trading M1 charts just not enough? The WaltSoft Tick indicator draws every incoming tick! In addition to that: It draws your open positions, complete with Order Number and Lot Size. It draws your TP and SL. It calculates and displays your current profit or loss in points, money and percent. It displays the current spread. It displays the average spread. This handy indicator will enhance your scalping strategies! Settings (most settings need no explana

30 USD

95 USD

The WaltSoft Log Spread Indicator will log the Average Spread on the chosen Interval and create a .csv file in the MQL4/Files folder or when testing in the tester/files folder. Meant to be used on a life chart, but can be used in the Strategy Tester. However, an Indicator in the strategy Tester will always run in visible mode, so the test could take a longer time. If you want quicker results in the Strategy Tester then you can download the free EA version here: https://www.mql5.com/en/market

30 USD

The WaltSoft Log Spread EA will log the Average Spread on the chosen Interval and create a .csv file in the MQL4/Files folder or when testing in the tester/files folder. Typical use Meant to be used in the Strategy Tester to check the spread on the history data. If you are testing an EA with the Tick Data Suite on downloaded history data with variable spread, then you have no clue if the spread from 10 years ago is the same spread you have today on the same pair, and so you may want to adjust

30 USD

The WaltSoft Fibonacci Patterns SCOUT searches for Fibonacci Patterns, also called Harmonic Patterns, and displays the results in a clear table. The WSFP SCOUT can search for 16 different Patterns plus 1 Custom Pattern and can process up to 28 Instruments and up to 9 Time Frames at once. It refreshes every second and alerts you when it finds a new pattern. Clicking on a Pair-Time Frame combination will open the relevant chart and displays the patterns which you then can trade manually. Take

99 USD

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 scena

30 USD

99 USD

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3037

elite luis 2023.02.17 12:23 #

885

Andy Tim Tran 2020.02.16 12:58 #

Easy to use. Thank you

160

BJA158 2019.10.24 22:14 #

3526

Paulus Nangoy 2018.02.13 14:20 #

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

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.