Market / MetaTrader 5 / Indicators /

Absolute currency strength for MT5

FREE

Published: 25 October 2018

Current version: 1.0

Absolute currency strength for MT5

4.25

Indicators
Radim Kucera
Radim Kucera
Developer at Brno

Czech Republic

13550
4.5 (24)
9 products
Version: 1.0

Indicator measures strength of each currency in your list.

Main idea:

It simply iterates through all combinations of pairs and adds difference between open and close in percent.

Parameters:

List of currencies - what currencies will be calculated (maximum is 8)
Calculation type - from which data will be strength calculated
Calculation data input - used as input related to calculation type
Symbol suffix - used in case of suffix on symbols, e.g: when your symbols look like EURUSDm, EURUSDmicro etc. (suffix is "m", "micro")

Calculation type:

From which source are open and close prices taken.

RAW - raw data
MA - simple moving average with period taken from "Calculation data"

more...

Screenshot #1 Absolute currency strength for MT5

Screenshot #2 Absolute currency strength for MT5

Screenshot #3 Absolute currency strength for MT5

Screenshot #4 Absolute currency strength for MT5

Screenshot #5 Absolute currency strength for MT5

Tt70598732 2023.02.13 11:00 #

King Phoenix 2022.07.10 12:54 #

I think this Indicator is very good. There are not many indicators in mt5, so it is useful.

genki_mono 2022.07.03 17:46 #

まだつかってないけど良さげですね。

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Indicator measures strength of each currency in your list. Main idea: It simply iterates through all combinations of pairs and adds difference between open and close in percent. Parameters: List of currencies - what currencies will be calculated (maximum is 8) Calculation type - from which data will be strength calculated Calculation data input - used as input related to calculation type Symbol suffix - used in case of suffix on symbols, e.g: when your symbols look like EURUSDm, EURUSDmicro etc

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This indicator is fully user-adjustable, calculates corellation between all symbols, which you want. Indicator is real-time updated and fully automated. You can adjust a lot of parameters. Calculation Parameters List of symbols: write all symbol, which you want to calculate, just separate them by comma Calculated bars: amount of bars from which will be calculated Time frame: time period of calculation Used price: used price - 0 (CLOSE), 1 (OPEN), 2 (HIGH), 3 (LOW), 4 (MEDIAN), 5 (TYPICAL), 6 (

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Filter:

Tt70598732 2023.02.13 11:00 #

King Phoenix 2022.07.10 12:54 #

I think this Indicator is very good. There are not many indicators in mt5, so it is useful.

genki_mono 2022.07.03 17:46 #

まだつかってないけど良さげですね。

佐々木佳奈 2020.11.28 03:43 #

ドル系はイイかも!

[Deleted] 2019.01.14 06:12 #

User didn't leave any comment to the rating

9083

sunnychow 2019.01.12 16:43 #

User didn't leave any comment to the rating

Absolute currency strength for MT5

Radim Kucera