Strength Glance

5

This indicator is a tool to measure the relative strength of different currency pairs. It used a user selected base currency as a comparing standard, and evaluate all other major currencies base on their relative strength/weakness.

the stronger one currency compare to the base currency, the higher its value. Base currency has a fix strength value of 50.


Indicator parameters

  • Strength Period - Change the strength period in the settings affects the number of bars used for calculation. The higher the period value, the smoother the indicator lines and the result will represent longer term strength of each currencies, rather than recent strength.
  • Threshold of Belt Width - You can set a threshold value to highlight the expanding currency belt ( which is visually represented when indicator is loded). Only effected when "Hightlight Expanding Belt" set to true.
  • Highlight Expanding Belt - When set to true, it highlight the currency belt at where it expands, it means that the strongest currency and the weakest currency has a value difference that larger than threshold value. That implys the strong currency pairing with the weak may experience large movements on the chart.
  • Base Currency Options - Choose one base currency to evaluate the result.(USD / CHF / NZD)

It is useful when you are trying to trade not only major pairs but different cross pairs.

If this indicator is not working properly, it is likely that you have to switch between different timeframes and wait for it to refresh.

The indicator window display range from 15 to 85 by default, you can change it in the settings. You can change indicator line colors and styles for visual preference in color tab. You can disable indicator line by select "none" for its color.

Reviews 3
Aravind Kolanupaka
10284
Aravind Kolanupaka 2022.03.21 06:06 
 

Good!

Aleksandras Makarovas
799
Aleksandras Makarovas 2018.08.07 21:19 
 

thanks ease of use

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Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
Neo Wave PRO
Nikolay Raykov
5 (1)
Indicators
Price & Time Market Structure Indicator A professional market structure tool that analyzes waves through both price and time — not price alone. Main Description NeoWave PRO is a professional market structure indicator for MetaTrader 4 designed for traders who want to move beyond traditional one-dimensional wave tools such as ZigZag, swing indicators, and basic high/low systems. Most wave indicators analyze only one thing: Price. But a real market wave is not only a price movement. A true wave de
Smart Price Action Concepts
Issam Kassas
4.8 (15)
Indicators
This product was   updated   for the   2026 market   and   optimized   for the   latest MT5 builds . PRICE UPDATE NOTICE: Smart Price Action Concepts   is currently available for $200. The price will   increase to $299   after the next   30 purchases. SPECIAL OFFER:  After purchasing , send me a private message to claim FREE Bonus + Gift. First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for profes
PZ Day Trading
PZ TRADING SLU
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Indicators
Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
PRO Renko System
Oleg Rodin
5 (31)
Indicators
PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
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Strength Graph
Zi Feng Ding
5 (1)
Indicators
This indicator is a tool to measure the relative strength of different currency pairs. It present major currencies strength value base on their relative strength/weakness in custom period of time. Indicator parameters Strength Period - Change the strength period in the settings affects the number of bars used for calculation. The higher the period value, the smoother the indicator lines and the result will represent longer term strength of each currencies, rather than recent strength. Display O
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Aravind Kolanupaka
10284
Aravind Kolanupaka 2022.03.21 06:06 
 

Good!

[Deleted] 2021.04.21 09:20 
 

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Aleksandras Makarovas
799
Aleksandras Makarovas 2018.08.07 21:19 
 

thanks ease of use

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