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CPM Extended MT5

4.43

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 10
Sutatong
209
Sutatong 2023.04.14 15:28 
 

Thank you so much.

oaskari
14
oaskari 2023.04.09 11:19 
 

This is what I was looking for. Thank you for sharing.

apcruz01
178
apcruz01 2022.05.06 16:40 
 

Interesante hay pocos indicadores de fuerza para Mt5 solo que debería poder colocar temporalidades menos a una hora. gracias por el aporte

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This is a linear indicator of a currency power (correlation) having the ability to filter by smoothing values. It shows the current power of 8 major currencies, as well as historical values without redrawing. It is based on a custom algorithm. A basic currency pair is used for the calculation basis; the currency pair can differ from the current chart symbol. The result depends on the selected chart timeframe the indicator is launched at and on the basic currency pair. The indicator works with an
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5 (2)
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The indicator shows (optional): Spearman's rank correlation coefficient, Pearson's linear correlation coefficient, Kendall's rank correlation coefficient, and Fechner's sign correlation coefficient. This oscillator shows the points of possible market reversal when the price goes beyond the overbought and oversold levels. There are 4 methods for additional filtering of the obtained values: simple, exponential, smoothed, linearly weighted. After the bar is closed, the values are fixed and not rep
Extended Fractals MT5
Sergey Efimenko
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The indicator expands the capabilities of standard fractals, allows you to find, display and use them, calculating for any odd length, that is, 3 (DeMark points), 5, 7, 9 and so on bars. Fractals can be calculated not only by bar prices, but also by the values of moving averages of a given period. All types of alerts are implemented in the indicators separately for upper and lower fractals. To set the number of used bars, the Left fractal bars count variable is set in the settings (the default
Extended Keltner Channel MT5
Sergey Efimenko
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This is an extended version of Keltner channel. You can use 21 types of Moving Average and 11 methods of calculating the indicator's center line. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zero-Lag Exponential Moving Average
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Sutatong
209
Sutatong 2023.04.14 15:28 
 

Thank you so much.

oaskari
14
oaskari 2023.04.09 11:19 
 

This is what I was looking for. Thank you for sharing.

Troy
56
Troy 2022.10.13 14:46 
 

Превосходный индикатор. Не хватает только алерта/пуша на телефон о смене тенденции, когда один индекс силы валюты по индикатору становится выше/ниже другой.

apcruz01
178
apcruz01 2022.05.06 16:40 
 

Interesante hay pocos indicadores de fuerza para Mt5 solo que debería poder colocar temporalidades menos a una hora. gracias por el aporte

[Deleted] 2019.01.14 07:13 
 

User didn't leave any comment to the rating

sunnychow
8753
sunnychow 2019.01.12 16:57 
 

Thanks for share

Gennadiy Voltornist
11909
Gennadiy Voltornist 2017.12.24 19:16 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5596
Daniel Andrejczuk 2017.11.09 14:10 
 

User didn't leave any comment to the rating

Nork
6194
Nork 2016.12.21 07:31 
 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
7137
Rodrigo da Silva Boa 2016.01.09 13:27 
 

User didn't leave any comment to the rating

Reply to review
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:
UsePairs="EURUSD"
PairPreffix=".е"
Version 1.1 2015.01.30
Added the second method for calculating the daily currency power.
UseDayRangeCalculation=false - accumulative
UseDayRangeCalculation=true - range