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CPM Extended

FREE

Published: 4 September 2014

Current version: 1.6

CPM Extended

Name: CPM Extended
Rating: 4.8 (10 reviews)
Author: Sergey Efimenko

4.8

Indicators
Sergey Efimenko
Version: 1.6
Updated: 25 December 2019

What the indicator shows: a thin band and the upper number in front of the currency shows the relative strength index for the last N hours (N is set in the parameters in the variable 'Hours'), a wider band shows the daily index. The more currency pairs using this currency you specify in the input parameters (assuming that your broker provides quotes for the pairs), the more weighted the index will be (but be careful with pairs of "non-major" or exotic currencies, they can distort the overall picture). For example, if you specify only EURUSD, the relative index for Euro will be calculated only based on this pair, if you add EURGBP, then the Euro index will be calculated based on two pairs and a more weighted value will be obtained.

How to use the data: the lower/higher the index value, the more likely a technical correction or trend continuation is, in the absence of important news.

more...

2326

danmar 2024.07.21 15:59 #

Hi super work , i was knowing this one but without so nice param: nice to be free but ready to buy with some update : 1) possibility to specify one of the 4 corners of the chart 2) possibility to have some other group of currencies

3) font bigger for big charts

Any way Very well done, thank you a lot

2024/07/24 : thank you for detailed response and for allowing bigger font.

1041

Happy Scalper 2021.11.30 06:52 #

Best indicator ever developed PERIOD! Dead nuts accurate. No lagging. Great for scalping! Thank you very much for the free indicator. Money maker for sure. Thanks again, much appreciated.

Nima Khoramabadi 2019.08.16 12:17 #

It would be better to re-code the positioning feature of the indicator using the 4 corners of the chart and then additional adjusting shifts by X and Y.

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35 USD

30 USD

35 USD

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2326

danmar 2024.07.21 15:59 #

3) font bigger for big charts

Any way Very well done, thank you a lot

2024/07/24 : thank you for detailed response and for allowing bigger font.

35510

Reply from developer Sergey Efimenko 2024.07.22 08:09 #

Hi
1) You can move the indicator to any place on the chart, use the "shiftX" and "ShiftY" parameters for this
2) You can configure this with the "ShowRatio" and "UsePairs" options
3) There are such parameters in the indicator, but they are hidden, I will add them to the available ones within a few days

1061

Akira Egashira 2022.08.16 16:33 #

Very nice indicator! But it would be more useful if it could support irregular pair names such as US30, JP225, USOIL, etc.

tradeskopieren 2022.07.02 00:03 #

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1041

Happy Scalper 2021.11.30 06:52 #

Best indicator ever developed PERIOD! Dead nuts accurate. No lagging. Great for scalping! Thank you very much for the free indicator. Money maker for sure. Thanks again, much appreciated.

4144

Valentin Butorin 2020.10.18 13:26 #

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Nima Khoramabadi 2019.08.16 12:17 #

It would be better to re-code the positioning feature of the indicator using the 4 corners of the chart and then additional adjusting shifts by X and Y.