Currency Meter Set Lookback Period

3

 PLEASE NOTE THAT  LIKE MANY SUCH INDICATORS ON THIS MARKET, THIS INDICATOR WILL NOT WORK AS A DEMO DOWNLOAD FOR STRATEGY TESTER.

Therefore the 1 month option at the lowest cost allowed of $10 is available for you to test. 

One of the better ways to trade is to analyse individual currencies rather than currency pairs. This is impossible with standard chart indicators on MT4. 

This currency strength meter allows one to trade the strongest with the weakest currency.  The meter includes the currencies that make up approximately 80% of the value of the Forex market. These are AUD, CAD, CHF, JPY, GBP, EUR, NZD and USD.  Each currency is measured constantly against the other seven to determine the gain on each pair. Those numbers are then shown cumulatively for each currency on the chart. 

The lookback period can be set to whatever you want but the default is 60 periods. You many change the timeframe on your chart and the meter will adapt to that timeframe.

I recommend using a 1 minute and 5 minute chart with a lookback period of 60 for this indicator. The idea is to look at the last bit of the chart and match two currencies going in the opposite direction to each other. Matching a strong currency getting stronger and a weak currency getting weaker helps one stay out of false moves. Also if you trade a particular pair, you may use this meter to time your entries more accurately.

You may remove a currency line from the chart by setting that currency to "False" but it will remain in the calculation, and the scale will adapt to show only the currencies set as "True". This function may be used when one currency moves much more than the others, and skews the other 6 lines. This was seen often when Brexit announcements caused massive spikes on the GBP.  The other lines then bunched up making it difficult to read for example, EURUSD.

Set the zero line colour under "LEVELS". Also it is better to place the indicator on a new chart and expand it to fill almost the entire screen, rather than use it at the bottom of a trading chart.

Please refer to the other product "Currency Meter with date and time" if you wish to set the start time to specific sessions.

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PLEASE NOTE THAT  LIKE MANY SUCH INDICATORS ON THIS MARKET, THIS INDICATOR WILL NOT WORK AS A DEMO DOWNLOAD FOR STRATEGY TESTER. Therefore the 1 month option at the lowest cost allowed of $10 is available for you to test.  One of the better ways to trade is to analyse individual currencies rather than currency pairs. This is impossible with standard chart indicators on MT4.  This currency strength meter allows one to trade the strongest with the weakest currency.  The meter includes the curren
A two-lines crossover oscillator for market entry and exit. Use on M15 and above for better accuracy. Place indicator on a second chart with the same currency pair and expand for a better view. The indicator gives one a good idea of volatility, volume and trend. Works on any currency pair, yet extremely well on currency pairs with good daily PIP volatility such as GBPJPY, GBPNZD and exotic currency pairs. Use during major market sessions such as London and London-New York overlap for best result
A breakout box that can set for the start of any of the major trading sessions - Hong Kong, London, London-New York overlap. Set the width of the breakout box in points (10 points=1 PIP) Use it to gauge if the currency pair you are trading in is in a channel or not. Trade once price breaks out from the box. Use with a volume and momentum indicator for best results. You may change the colour of the box to suit your individual preference and chart colour scheme.
PLEASE NOTE THAT  LIKE MANY SUCH INDICATORS ON THIS MARKET, THIS INDICATOR WILL NOT WORK AS A DEMO DOWNLOAD FOR STRATEGY TESTER. Therefore the 1 month option at the lowest cost allowed of $10 is available for you to test.  One of the better ways to trade is to analyse individual currencies rather than currency pairs. This is impossible with standard chart indicators on MT4.  This currency strength meter allows one to trade the USDZAR, EURZAR, GBPZAR. Each currency (not pair) is measured consta
PLEASE NOTE THAT  LIKE MANY SUCH INDICATORS ON THIS MARKET, THIS INDICATOR WILL NOT WORK AS A DEMO DOWNLOAD FOR STRATEGY TESTER. Therefore the 1 month option at the lowest cost allowed of $10 is available for you to test.  One of the better ways to trade is to analyze individual currencies rather than currency pairs. This is impossible with standard chart indicators on MT4.  This currency strength meter allows one to trade the USDMXN or EURMXN. Each currency (not pair) is measured constantly ag
PLEASE NOTE THAT  LIKE MANY SUCH INDICATORS ON THIS MARKET, THIS INDICATOR WILL NOT WORK AS A DEMO DOWNLOAD FOR STRATEGY TESTER. Therefore the 1 month option at the lowest cost allowed of $10 is available for you to test. One of the better ways to trade is to analyse individual currencies rather than currency pairs. This is impossible with standard chart indicators on MT4.  This currency strength meter measures the strength of the ZAR using the most important ZAR pairs in the market, namely, A
PLEASE NOTE THAT  LIKE MANY SUCH INDICATORS ON THIS MARKET, THIS INDICATOR WILL NOT WORK AS A DEMO DOWNLOAD FOR STRATEGY TESTER. Therefore the 1 month option at the lowest cost allowed of $10 is available for you to test.  One of the better ways to trade is to analyze individual instruments rather than in  pairs. This is impossible with standard chart indicators on MT4.  This volatility and strength meter allows one to trade the XAUUSD, XAUER or XAUAUD. Each instrument (not pair) is measured co
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danmar
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danmar 2025.08.22 09:39 
 

Good indicator which could be a lot more interesting but the seller answer only occasionnaly, even i am not sure that he is still in activity since 2019 make no updates even there some easy update to do it is a pity

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