Multi Currency True Currency

2

MCTC is the most advanced multicurrency strength indicator for day trading, that does NOT use moving averages. This versatile strength meter has many settings that can be customized to suit the day traders needs.

With up to 12 customization time periods, automatic calculation and graph plotting of previous period high/low values, 2 side meters showing currency strength, pair strength, points movement, points movement from previous periods, percentage, and pressure. Clickable chart for fast switching between currency pairs. Monitor the strengths of 28 currency pairs and find the best pairs to trade.


Technical

This indicator shows multiple individual currencies strengths as measured against all the other currencies. 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.


Features

  • 12 customizable time periods for days of the week to hours and minutes
  • Automatic ploting of high/low values either highest/lowest at close of bar or absolute highest/lowest.
  • Display strength lines ONLY for the chart pair
  • Display the strength lines of all the currency pairs
  • Display strength lines for each currency
  • side meter 1
  • Strength of each currency
  • side meter 2
  • currency pair
  • strength of each individual currency
  • number of points the currency pair has moved
  • number of points that the currency pair has moved above or below the high/low lines
  • percentage of the movement
  • absolute strength (pressure)


Inputs

  • bars - Number of bars to process.
  • font_size - font size for the side meter.
  • spacing - spacing for the side meter.
  • line_width - line width of the highlighted chart currency.
  • show_strength - plot strength lines ONLY for the chart pair, true/false.
  • show_all_currencies - plot the lines of all the currency pairs, true/false.
  • show_all_strengths - plot strength lines for each currency.
  • PM_M - Choose highest/lowest at close of bar or absolute highest/lowest.
  • prefix - input broker prefix if necessary, example xxxEURUSD.
  • suffix - input broker suffix if necessary, example EURUSDxxx.
  • Time1,Time2,Time3... Time12. The time setting that resets all values. This resets all currencies and strengths to zero and will start measuring until the next time setting. This is useful to start measuring the progress of currencies for example a news release or trading session, example London open to London close. Sets the reset times - There are 12 reset times that can be used from day/hour/minute.
    • Time1: true/false
    • D_D1: every_day_1
    • monday_1
    • tuesday_1
    • wednesday_1
    • thursday_1
    • friday_1
    • H1: input for hour (0 - 24)
    • M1: input for minute (0 - 60)


How to use this indicator

After setting your preferred time periods, which could be at the start of a trading session or after a major news break, we will look for the strongest and weakest currency pairs. We will also look at the percentage column and pressure column, these should be high values, percentage should be at least above 60-70.

We can also look at the strengths (show_all_strengths) and match up the strongest and weakest currencies pairs.

Please see the screen shots: How to trade.

Thank you and good trading.

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Are you tired of having many open charts and watching many different currency pairs? M‌CTSI will monitor the strengths of 56 currency pairs and show you the best pairs to trade, no more guessing which currency is stronger/weaker, no more trading a pair that is not moving positively. This is the BASIC version. MCTSIP is the more advanced version and can be found here: https://www.mql5.com/en/market/product/20994 You may have many charts open trying to determine the best currency pair to trade on
FREE
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 curre
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Francis K N Ho
558
Francis K N Ho 2025.11.15 08:58 

Existing indicators will disappear from the screen whenever you switch timeframes. Can you look into this issue and update accordingly please as this is a very useful and informative tool.

josedan
349
josedan 2022.01.13 16:41 

The author has been helpful with set files... You need to contact him for set files and explanation as per how to use the indicator... I will update further when I forward test it

DGoldSniper
255
DGoldSniper 2018.06.14 23:13 

I see nothing good with this currency strength. Just one of those scraps in forex industry. No good guide.

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