it's good indicator as guide only ! also save your time rather than looking in all pairs manually. i recommend open it in only one tab due the heavy load of this indicator.
Best Currency Strength Indicator
The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes, but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute).
This indicator is very powerful because it reveals the true movements of the market. It is highly recommended to analyze charts knowing the performance of individual currencies or the countries economies. The indicator will reveal the country's economic performance by analyzing the strength of the country's currency on a daily/weekly/monthly basis. It can also be used for news events (Fundamentals), even if you don't have time to keep up with the news... The indicator does all the work for you by calculating the strength of the country's currency. This will give you an edge in the market because you'll know which currencies are best to trade at that moment. Buy strong currencies and sell weak currencies (Diverging currencies).
This strategy is even used by the Banks to make profits. They take a strong currency and pitch against a weak currency.
Every day, Currencies diverge from each other. The indicator uses built-in algorithms to identify the very beginning of a trend when currencies start to diverge from each other and will immediately alert you or send signals to your phone. It uses real price quotes for calculations (Not lagging). You can choose any timeframe you want to trade and there are various options for each timeframe.
Tip:
- When you activate "Focus only in this chart" parameter, drag and drop any chart to show only 2 lines for each currency in a chart.
- Prefix - Symbol prefix.
- Suffix - Symbol suffix.
- UPPERCASE_or_lowercase - Most brokers have symbols in uppercase letters.
- Trading_Strategy - Choose the trading strategy.
- Maximum_Number_of_Bars_for_Calculations - The maximum number of bars the indicator will stop calculating at.
- Start_From_Hour - Choose an hour to start from.
- Start_From_Minute - Choose any minute to start from.
- Start from a specified date and time.
- Start from a certain number of bars/candlesticks.
- The first one shows the values of all currencies.
- The Multi-Timeframe dashboard shows the strength of each currency across all timeframes.
- The indicator has a special period separator which makes it easier to identify days and time when analyzing a chart.
- Enable 'Alerts' to be notified when the indicator identifies a trend and it will play an alert sound (Wave sound file).
- Send signals directly to my phone - Signals sent to your phone.
- Customize the look of the indicator by changing colors.
All you have to do is spot diverging currencies and trade them. Simple!
More will be explained or clarified in the video, make sure you watch the video using PC browser...
And also check the latest comments in the comments section for examples on how to use it (Use an internet browser to access comments).
Video

Once I got to add in my Chart, is really Awesome. A nice and great an only one Best indicator that have all pairs, Minor,Major,Cryptos,Exotics. Astonishing to to creator. A highly recommended tools to the beginners and Expert.

it's good indicator as guide only ! also save your time rather than looking in all pairs manually. i recommend open it in only one tab due the heavy load of this indicator.

Yes, this is the "Best Currency Strength Indicator" of all. The author is very helpful. 100 stars.

The name of the indicator is "Best Currency Strength Indicator". And I can say, it is the best indicator ever made. It deserve 100 Stars. The developer is very supportive and respond to messages quickly. I encourage everyone to buy the indicator

The best currency strength indicator I've ever used!!! Awesome support too!!!

This indicator data shows good, but the actual application effect does not reach the expectation.

It's a great concept but it keeps freezing my MT4. No matter how slow I make it or lessen the bars. I will give 5 stars when the freezing issue is taken care of. UPDATE: I managed to get it work on another MT4 platform, and it works beatifully! AND the developer was as helpful as he could be trying to sort out my issue. So that's a 5 stars in my opinion. I can't wait to start using this all the time!

One of the best Indicator and the programmer is very helpful and friendly Thank you, My friend

My name is Mohamed Al-Ziyad
I contacted you and me a few minutes ago
I want please a copy of the settings in order to translate it into Arabic. Thank you

I bought this product last month, I have been looking at its functionality and putting it into practice first on a demo account and then on a real one. Honestly it seems to me a great tool, very useful and 100% recommended. Thanks to the author for facilitating the operation.

One of the best indicator, impressive
thank you so much
I make 100 stars
Highly recommend

Brilliant Indicator. Stunning support. 7,75% Return on investment in the first week.

Seller is very helpful and the indicator is showing a lot of promise. Will update after a while, but for the meantime, it appears to be impressive.

10 Stars.... Ooopsss...
Yess, this indicator is the best i have used for many2 years... Easy to understand, just follow the crossing signal, then execute it... I got 50% profit in 1 day.. Tomorrow, i will hunt again...
Excellent...

Helped me out personally when I was having trouble adding exotics! I just had to add the suffix EURTRY+ instead of EURTRY for example

Good results so far; still working out chart MTF... Should have it tonight...

I love Best Currency Strength Indicator. Highly recommend

Great Indicator with a nice GUI and helpful with good trades. Only this has to be installed and set up on a VPN. Thanks

It´s a game changer!!
Your market is served on a silver tablet:) Wait for one or more currencies gaining strength or losing its value.
Your work will be deciding if this change in value is strong enough for an order.
This indicator has plenty of tools to help you with that.
It's really affordable and it can make you money by using strict money management, as always.
7,4% the first week

This indicator is very good and it has a great potential,I Express my gratitude to the author of this indicator for his support.Thank you very much for this indicator.

Excellent tool, I have been using it for two months now, it keeps me out of bad trades while help me to pick up the good ones, many thanks to the developer!!!

This is really a very good strength indicator. This indicator takes a bit of getting used to but after a while it is easy to understand. Also a very good and quick support!

Very friendly, competent person who understands both programming and trading.

20% gain after 5 days of using it. Gives me a sniper entry to the market. Absolutely recommend

- Draw Divergence arrows in sub window
-> Fixed the indicator sometimes not displaying currency strength lines during the weekends.
- The indicator can now draw smooth lines using the average price.
(The default value/period is 5. But, you can change the smoothness however you like...).
Scroll down from the top in settings and you'll find the parameter...
- Fixed indicator sending alerts in-between time intervals.
- Minor improvements in risk management calculations for accounts that use currencies other than USD.)
(It was a minor problem, it's fixed now!) [version 3.0]
- Minor Improvements in some calculations...
- Added risk-reward ratio in the chart for open and pending orders.
You can also draw it your self. Specify open price, sl, tp and lot size etc...
- Added "X" for potential turning points in the chart. If the base/quote currecy is over bought/sold. The indicator will draw 'X', indicating that the market might start turning around [Its a warning for potential turning point]. The colour of 'X' will indicate which currency is over bought/sold.
- Fixed Indicator sometimes crashing when opening in W1 or MN timeframes.
- Fixed Indicator sometimes crashing when opening in Gold M1 & M5 timeframes.
I'm working on more of the requests you guys sent me. I'll update in few days...
-> If you haven't contacted me for more information regarding the indicator and how to use it, then, contact me via email.
-> And if you need any assistance in setting up the indicator or Red text/message on your screen, you may contact me as well...
---[ More updates coming up ]---
- Added notifications for divergence signals as another option.
- Signals will only be sent after the candle closed (Reduced number of signals)
- Added the ability to filter signals:
(You can choose to receive signals only for a certain currency or currency pairs list you want to focus on)
(Enable 'Filter_Signals' -> 'Yes') and choose how would you like to receive signals for which pairs...
+ Minor improvements...
The indicator has two (2) types of strategies programmed.
- Strategy 1: Day Trading / Short term trading. [Option 1 in settings]
- Strategy 2: Long Term trading (Higher timeframes. [Option 2 & 3 in settings]
Strategy 1 - is all about trading diverging currencies for a short/limited period of time.
Strategy 2 - is about trading long term trend. This strategy uses a period for calculations. You can change the period to any number in settings. The default period is set to 20.
The indicator is suitable for short term and long term traders.
For more insight, scroll through the comments and check comment no. 40 (#40).
- The indicator now colours candles to identify the trend based on currency strength calculations.
- When the market is going up, the candles will be coloured in green.
- When the market is going down, the candles will be coloured in red.
You can change to any colour you like...
Imoprtant:
- Right click the chart and go to properties -> common.
- Uncheck the box "Chart on foreground"
--->>> Make sure to uncheck the box "Chart on foreground" in properties/common to be able to see coloured candles.
- The indicator now displays all types of signals in 1 window.
Tip:
- You don't have to wait for signals.
-> You can enter the market anytime using "CSM Multi-timeframe" dashboard.
This dashboard was designed to tell you which currencies you should be trading at that moment.
It calculates across all timeframes and will tell if the currency is appreciating/depreciating.
Example:
- if GBP is strong (+0.235%) and USD is weak (-0.133%). (Choose any currency which is strong against weak currency).
Since GBP is strong, check "CSM Multi-timeframe" dashboard if GBP is further appreciating/getting stronger on multiple timeframes.
And also check if USD is further depreciating/getting weaker.
In that case, its a good time to enter the market, as long as they are diverging from each other.
The indicator will tell you which ones are appreciating or depreciating.
Remember - If you're buying "EURUSD" currency pair, That means you're:
- Buying EUR currency (Base currency)
- Simultaneously selling USD currency. (Quote currency)
Understand the relationship between Base currency and Quote currency.
- Removed the small breakout alert bug!
- The indicator now displays numbers below currency labels indicating whether a currency is overbought or oversold.
(Above +80 = Over bought | Below -20 = Over sold)
When the value increases, it will be a positive number (e.g +66.25), and when the value is decreasing, it will be a negative number (e.g -33.21)
Tip: When a currency is overbought, it is more likely to start depreciating or lose strength.
When a currency is oversold, it is more likely to start appreciating or gain strength.
This is very important because it will also help to time your trades...
-> For a strong currency, trade when the value is increasing/positive.
-> For a weak currency, trade when the value is decreasing/negative.
Trade diverging currencies...
- Add up to 3 levels targeting currencies that are breaking out of each level.
- The indicator will alert you or send a notification to your phone when strong/weak currencies break out of each level specified by you.
> This will make it easier to target which currencies are moving or strongly trending.
- The multi-timeframe dashboard now has a Multi-Timeframe currency trend analysis. (This will make it easier to spot trending currencies and reversing currencies...)
- Plus other improvements as well...
Enjoy! :)
- The indicator now displays divergence arrows in a window.
- Added currency status comment.
- Added more trading sessions options.
- Modified a few things in Risk Management calculations...
New Features:
- CSM Multi-timeframe now has confirmation boxes to confirm appreciation or depreciation of a currency.
If a currency is reversing, the text in multi-timeframe will be written in red colour.
- Account Information dashboard. This dashboard will display your account leverage, balance, equity, margin (%), free margin (%), floating profit (%), net profit for a specified period, the amount you're risking and targeting, risk-reward ratio calculation, the total number of orders running.
It will calculate the lot size you should use to only risk a certain percentage of your account depending on where you want to place your stop loss.
- Trading Sessions > it will indicate (draw boxes) each trading session in a chart.
- It will calculate the range (in pips) of each period.
The code is restructured to prevent any type of crashing during testing and live chart. It was tested before publishing.
New features:
- Send a text message to your phone just for testing. You can type any message and see if you'll be able to receive it on your phone. You need to test so that you know for sure you'll be able to receive $ignals directly to your phone. Watch the video to learn how you can activate it.
Please note! this does not work during testing... only in a live chart.
If there's any problem, go to my main page to see my contact details and don't hesitate to contact me...
Enjoy!!! :)
Follow instructions:
1. The indicator needs data (M1,M5,M15,M30,H1,H4,D1,W1,MN) for all 28 FOREX pairs + Gold + Silver.
- All timeframes MUST have data. Remember, when you open a new empty chart, after few seconds, it shows candlesticks. That means MT4 has downloaded data for that chart & timeframe. You need to cycle through all timeframes for all pairs. And then when you're done, RESTART MT4 (Close it to save info and open it again).
2. Check Symbol names for GOLD/XAUUSD and SILVER/XAGUSD in settings.
- Change those symbol names to the one your broker supports. Also, check Prefix and Suffix.
Without data, there's nothing to calculate. MT4 is an older version. MT5 is more advanced.
If all instructions are followed and all data is downloaded and saved. The indicator WILL WORK.
My other clients are using it without any problem...
ENJOY!!! :)
- The indicator will explain and tell you what to do when the window is empty or doesn't display anything... :)
Once I got to add in my Chart, is really Awesome. A nice and great an only one Best indicator that have all pairs, Minor,Major,Cryptos,Exotics. Astonishing to to creator. A highly recommended tools to the beginners and Expert.