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CPM Extended MT5

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 the 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.

МetaTrader 4 version: https://www.mql5.com/en/market/product/5890

Nikolay Gaylis
Nikolay Gaylis 2019.01.14 07:13 

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sunnychow 2019.01.12 16:57 

Thanks for share

Gennadiy Voltornist
Gennadiy Voltornist 2017.12.24 19:16 

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Daniel Andrejczuk
Daniel Andrejczuk 2017.11.09 14:10 

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Nork 2016.12.21 07:31 

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Rodrigo da Silva Boa
Rodrigo da Silva Boa 2016.01.09 13:27 

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Version 1.8 2019.12.25
The function of removing objects during deinitialization has been replaced with the standard one.
Version 1.7 2019.12.22
Added two parameters:
Horizontal offset of values - horizontal offset of numeric values
Indent between values - vertical indent between numeric values
Version 1.6 2019.12.19
Added parameters:
Horizontal imul - a multiplier for the horizontal scale
Vertical imul - a multiplier for the vertical scale
Scale shift - the additional shift of the scale in pixels
Version 1.5 2019.12.15
Выполнена оптимизация кода
Version 1.4 2019.05.26
Выполнена оптимизация кода с учётом обновлений MQL5.
Version 1.3 2015.12.16
Added the ability to shift indicator data by coordinate axes to any convenient place on the screen:
ShiftX - shift left/right
ShiftY - shift up/down
Version 1.2 2015.04.01
Added PairPreffix currency prefix parameter. Leave it blank for symbols without additional characters. Example of using with EURUSD.e:
Version 1.1 2015.01.30
Added the second method for calculating the daily currency power.
UseDayRangeCalculation=false - accumulative
UseDayRangeCalculation=true - range