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WS Currency Strength MT5

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.

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.

     DEFAULT Selections

  • Select Time Frame
  • Default Period
  • Select EUR
  • Select USD
  • Select GBP
  • Select JPY
  • Select CHF
  • Select AUD
  • Select CAD
  • Select NZD

      ALERTS

  • Alerts, Notifications and Emails :  ENABLED/DISABLED --> ENABLES or DISABLES  all Alerts, Notifications and Emails.
  • Show Alert : YES/NO
  • Send Notification : YES/NO
  • Send Email : YES/NO

      Next settings repeat for all eight currencies:

  • Only When Selected : YES/NO --> If YES then only alerts if the currency is selected with the Checkbox.  If NO, checked or not checked doesn't matter.
  • EUR Alert Settings : All OFF/All ON/Use Below --> for below 8 settings.
  • Crossing Oversold from Below : YES/NO
  • Crossing Oversold from Above : YES/NO
  • Crossing 50 from Below : YES/NO
  • Crossing 50 from Above : YES/NO
  • Crossing Overbought from Below : YES/NO
  • Crossing Overbought from Above : YES/NO
  • Crossing Other Curr from Below : YES/NO --> Only if that other currency is selected!
  • Crossing Other Curr from Above : YES/NO --> Only if that other currency is selected!

     COLORS & STYLES

  • Color EUR
  • Line Width EUR
  • Color USD
  • Line Width USD
  • Color GBP
  • Line Width GBP
  • Color JPY
  • Line Width JPY
  • Color CHF
  • Line Width CHF
  • Color AUD
  • Line Width AUD
  • Color CAD
  • Line Width CAD
  • Color NZD
  • Line Width NZD


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 and apply the indicator again and it should be just fine.
  • Sending Notifications and Emails has to be configured in the Trading Platform as well and Events has to be enabled for the Alert.
    Go to Tools/Options/Notifications (or Email or Events) tab.
    If you need help with that then click Help on those tabs or hit F1.

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.


It is possible to generate a signal in your EA.

You can read the 8 indicator buffers (0 to 7):

  • 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



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

Many green pips!

Walter


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You probably won't see the power of the indicator in the backtest, because it uses 3 windows, something you can't do, in the DEMO version that the site offers.  I trust 100% on my work and on my indicator, if you want a test version, send me a message, different from other sellers, who just want to "sell", I want whether you have a full version before renting and deciding. Many people have requested the purchase of the life time indicator, so I am making it available for a limited time. Life Ti
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Quantum Live Camarilla Levels Indicator for MT5
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QUANTUM TRADING SOFTWARE LIMITED
The words powerful, unique and game changing are ones that are often over used when applied to trading indicators, but for the MT5 Quantum Camarilla levels indicator, they truly describe this new and exciting indicator completely. Why? Because the indicator has something to offer every trader, from the systematic to the discretionary and from swing trading to breakout trading. And it’s not an indicator which is simply used for entries. The Camarilla indicator delivers in all areas, from gettin
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• Non Repaint • DelayNo Lag •Pop Up notification • 98% Verified Accuracy • Real time arrows to catch spikes at least 4-8 bars We forward guide video how milk spikes  We also add in telegram group for better quality help  +see live trading results  https://youtu.be/wbl0lC65Kx0 https://youtu.be/vTzrNmEbo4U https://youtu.be/Dpl5FmyF0JI https://youtu.be/A3kcEVSzjlU https://youtu.be/bU1rsR6RtCw you will see an arrow signal and open trade for spike stop-loss of trade will be 8 or 10 candles if no s
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Daniel Stein
You want to become a constantly profitable 5-star forex trader? 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly broken, it changes its r
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Flavio Jarabeck
For those who appreciate Richard Wyckoff approach for reading the markets, we at Minions Labs designed a tool derived - yes, derived, we put our own vision and sauce into this indicator - which we called Waves PRO . This indicator provides a ZigZag controlled by the market volatility (ATR) to build its legs, AND on each ZigZag leg, we present the vital data statistics about it. Simple and objective. This indicator is also derived from the great book called " The Secret Science of Price and Volum
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Magic Finger can help you identify trends and trading opportunities clearly. The finger points to the open position signal, and the discoloration line is confirmed by the trend. If you are a day trader, you can choose to trade during a period of active trading, referring to the discoloration line as the basis for the next order, finger signal as a filter. If you are a trend trader, you can choose a period above H1, wait for the appearance of the finger signal in the key price area, and enter
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This indicator is a perfect wave automatic analysis indicator for practical trading! The standardized definition of the band is no longer a wave of different people, and the art of man-made interference is eliminated, which plays a key role in strict analysis of the approach. Sale at a discount, make friends with you! Cooperation QQ:556024" Cooperation wechat:556024" Cooperation email: 556024@qq.com" Index content: 1.Basic wave: First, we found the inflection point of the basic f
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ScalperMultiMT5
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Andrey Spiridonov
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Indicador Taurus All4 MT5
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Fabio Oliveira Magalhaes
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TraderDream Evolution MT5
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Yehor Pozhydaiev
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Arturo Lopez Perez
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Version 4.4 2020.06.09
- recompiled on request of mql5.com
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