CPM Extended

4.8

The algorithm is based on the idea of the Currency Power Meter indicator. In this version, the number of displayed values is unlimited, its code is more compact and fast, values of the current bar can be obtained through indicator buffers.

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.


Reviews 24
danmar
2504
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.

Happy Scalper
1040
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
19
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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FREE
CPM Extended MT5
Sergey Efimenko
4.5 (4)
The algorithm is based on the idea of the Currency Power Meter indicator. In this version, the number of displayed values is unlimited, its code is more compact and fast, values of the current bar can be obtained through indicator buffers. 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
FREE
The indicator allows you to determine the current price direction and market volatility. This version of the Traders Dynamic Index  (TDI) has the redrawing of the historical data eliminated, the algorithm calculation speed optimized, more external parameters for a more precise adjustments, and its functionalities extended: added the selection of the initial oscillator and the smoothing methods of the averages. Parameters: Mode Osc - estimation oscillator selection; Period Osc - the calculation p
The utility is designed to change the symbol of the current, all or selected charts, change the timeframe , as well as to synchronously move through the history of all charts (automatically or by clicking the button). The list of symbols is read from the "Market Watch" or is set manually. The color, size and position of the buttons are customizable. Synchronization of charts occurs according to the time of the first visible bar when you press the "SYNC" button or when moving the mouse/keyboard i
The indicator allows you to determine the current price direction and market volatility. This version of the Traders Dynamic Index (TDI) has the redrawing of the historical data eliminated, the algorithm calculation speed optimized, more external parameters for a more precise adjustments, and its functionalities extended: added the selection of the initial oscillator and the smoothing methods of the averages. Parameters: Mode Osc - estimation oscillator selection; Period Osc - the calculation p
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danmar
2504
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.

Sergey Efimenko
35491
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
Akira Egashira
1085
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
44
tradeskopieren 2022.07.02 00:03 

User didn't leave any comment to the rating

Happy Scalper
1040
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.

Valentin Butorin
4146
Valentin Butorin 2020.10.18 13:26 

User didn't leave any comment to the rating

Nima Khoramabadi
19
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.

rakyan
600
rakyan 2019.06.28 06:03 

User didn't leave any comment to the rating

Victor Manuel Valderrama Zamora
9061
Victor Manuel Valderrama Zamora 2019.03.13 00:05 

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sunnychow
9083
sunnychow 2018.11.12 15:30 

Excellent indicator for trading analysis

Tim Eubanks
5763
Tim Eubanks 2018.03.16 12:42 

User didn't leave any comment to the rating

Gennadiy Voltornist
11906
Gennadiy Voltornist 2017.11.07 18:56 

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Arsen Kocharjan
36
Arsen Kocharjan 2017.09.17 14:25 

User didn't leave any comment to the rating

auer
62
auer 2017.01.11 06:26 

User didn't leave any comment to the rating

Maksym Mudrakov
30048
Maksym Mudrakov 2016.08.30 19:40 

User didn't leave any comment to the rating

Daria Angkadiredja
253
Daria Angkadiredja 2016.03.01 17:31 

User didn't leave any comment to the rating

NIKILMEN
144
NIKILMEN 2016.02.09 22:07 

Отличный индикатор! Спасибо за бесплатную версию!

rounin
179
rounin 2015.09.09 21:56 

nice, ty.

Pavel Korotaev
376
Pavel Korotaev 2015.06.26 02:23 

Прекрасный индикатор!

Пять баллов.

Спасибо!

Rabbitpips
299
Rabbitpips 2015.04.03 22:33 

User didn't leave any comment to the rating

Александр Настюхин
135
Александр Настюхин 2015.03.28 14:53 

Очень полезный индикатор,спасибо за работу.

12
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