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PipTick Currency Strength Indicator MT4

Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using Relative Strength Index indicator, also known as RSI. PipTick Currency Strength Indicator show you in a simple and quick way, when a currency is oversold, overbought or in "normal area". In this way, you can simply identify, which currency is the strongest and which is the weakest.

The indicator is calculated from 28 currency pairs and works on every MT platform. PipTick CSI uses only 7 currency pairs for calculation of the rest of 21 pairs. For correct working of the indicator you need only these seven pairs in your MT platform: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF and USDCAD.

Note: If the indicator is used in Strategy Tester, data of all pairs have to be downloaded in History Center before (How-to). If it is added to the chart as usual, no downloads are needed.


Interpretation of the indicator

Because PipTick CSI is based on the RSI, its interpretation is very simple. There are three areas

  • Oversold area (the value of CSI is 0 - 30)
  • Normal zone area (the value of CSI is 30 - 70)
  • Overbought area (the value of CSI is 70 - 100)


How to you use it?

There are two basic approaches how to trade currency strength and weakness:

  • Buy strong currency and sell weak currency - Trend Following strategy. For example, if you see the EUR is strengthening and AUD is weakening, buy EURAUD currency pair. Do not trade if one of currencies is overbought/oversold.
  • Sell strong currency and buy weak currency - Counter Trend strategy. For example, if USD is overbought (above the level of 70) and JPY is oversold (under the level of 30), sell USDJPY.

You can achieve great results if you use overbought/oversold concept of currency in conjunction with Price Action or Candlestick patterns. All you have to do is wait for overbought/oversold of one currency, followed by drawing candlestick pattern like hammer or shooting star. Of course, this is just one of thousands of possible ways of using of our currency strength indicator.

You can use this indicator for long-term, swing, intraday or even scalp trading.

It is possible to use PipTick CSI for manual backtest as well. All you have to do is set parameter "Bars_Ago = 0" in indicator settings and download historical data for seven currency pairs which our indicator needs to calculate.


Main features

  • The indicator shows strength and weakness of eight major currencies
  • Simple comparison of one currency against another
  • Overbought and oversold area for entering or exiting the trades
  • Works on every timeframe
  • The indicator is non-repainting
  • Ready for backtesting
  • Customizable parameters
  • Excellent results in conjunction with PA and Candlestick patterns
  • Ideal tool for scalping
  • Very fast calculation
  • Indicator works with prefix and suffix of symbols as well
  • Available for MT4 and MT5


Inputs

  • Bars_Ago - Number of bars displayed by the indicator
  • RSI_Period - Period for RSI calculation
  • Weighted_Mode - Allows to choose between weighted or unweighted calculation
  • Smoothed_Mode - Allows to choose between raw or smoothed curve
  • Smoothed_Method - Allows to choose from for type of smoothing
  • Smoothed_Period - Period of smoothing calculation
  • Text_Size - Text size of labels
  • Line_Thickness - Thickness of lines
  • Weight_USD...NZD - USD...NZD weight coefficient
  • Visibility_USD...NZD - USD...NZD visibility
  • Color_USD...NZD - Color of USD...NZD curve and label

Outputs

  • USD...NZD - Value of USD...NZD CSI

For more information, visit the PipTick Currency Strength Indicator.

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Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
124 USD
TickUnit Scalper Currency Strength28 PRO
TickUnit Scalper Currency Strength28 PRO
Bernhard Schweigert
CURRENTLY 26% OFF !!   This indicator is a super combination of both our main indicators ( Advanced Currency Strength 28 and Advanced Currency IMPULSE with ALERT ). It shows Currency Strength values for TICK-UNITS and alert signals for 28 Forex pairs. 11 different Tick-Units can be used. Those are 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, and 30 Seconds. The Tick-Unit bar in the sub-window will be shown and shifted to the left when there is at least 1 tick within the second’s timer.  With only ONE
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DYJ Trend Analyst
DYJ Trend Analyst
Daying Cao
Our goal is to provide accessible and quality service, enable market participants, traders and analysts alike, with much-needed tools for informed, timely trading decisions. The most optimized, highly robust and easy to use DYJ Trend analyst indicator. DYJ Trend analyst attempts to gauge bullish and bearish forces in the market by using two separate measures, one for each type of directional pressure. The  indicator's BearsIndex  attempts to measure the market's appetite for lower prices. The in
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TPA True Price Action MT4 Indicator
TPA True Price Action MT4 Indicator
InvestSoft
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our cust
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ShvedSupDem Pro Zone
ShvedSupDem Pro Zone
Andrey Shvedov
Let us analyze what supply and demand are, and how relevant the expression "market memory" is. The screenshots show the operation of the SupDem-Pro custom indicator, it is the improved version of my previously created Shved Supply and Demand indicator. In order to create it, I gave up trading for almost 3 years and studied a lot of literature, I have not traded during this time, but only analyzed the behavior of the price in different situations. It took me quite a long time to correctly formula
120 USD
Hedge Pair
Hedge Pair
Asylbek Karashev
Examples right away https://gyazo.com/fc130266994402bcd43d3a6b08ac2210 https://gyazo.com/8179542d3b82430be4e1c715652c0b3c Hedge Pair This indicator allows to observe a synthetically calculated spread between two pairs. The main idea is to pick two pairs which have a strong and positive correlation, like EURUSD and GBPUSD, EURJPY and GBPJPY, AUDUSD and NZDUSD etc. Once the spread line (lightgray colored line by default) goes way up high or down low, you can obtain a margin from the market b
200 USD
Divergence Scanner For Multi Pair And MTF
Divergence Scanner For Multi Pair And MTF
ScorpionFX
(FOR MT4)   Divergence Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is already loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI. IMPORTANT FACTORS TO KEEP IN MIND: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widel
79 USD
Divergence Scanner Macd Rsi 30 Pairs 8 Tf
Divergence Scanner Macd Rsi 30 Pairs 8 Tf
FXsolutions
This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences. This indicator scans for you up to 30 instruments and up to 8 timeframes for bullish and bearish divergences. You need to add the indicator only to one single chart ! The indicator will then automatically scan all configured instruments and timeframes. Important Information How you can maximi
89 USD
Price Action Pattern Alert
Price Action Pattern Alert
Thorben Koch
Ever missed an entry at a significant price action level? This indicator scans all the symbols you want to watch closer and sends out an alert to your smartphone when the market formed a significant candlestick pattern with the close of the last candle. Supported patterns Engulfing candle Rejection candle Inside bar to be continued... Indicator Parameters Max_Dist: How many pips is the price allowed to get away from the defined level (see screenshots for more details) Min_Dist: How near has
200 USD
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PipTick Volume Delta MT4
PipTick Volume Delta MT4
Michal Jurnik
PipTick Volume Delta indicator shows the difference between Bid volume and Ask volume. Basically, it shows which side of the market participants (Buyers or Sellers) were more active in a certain period of time. Calculation of Bid volume and Ask volume is based on our PipTick Bid-Ask Volume indicator. As we all know, the Forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual and historical values of the Bid volume (Sellers v
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PipTick Volume
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PipTick Volume indicator is a great tool for measuring tick volume activity. It quickly and easily helps traders to evaluate the current size of volume. The indicator for the classification of the volume size uses the moving average and its multiples. Accordingly, the area where the volume is located (relative to the moving average) is labeled as ultra low, low, average, high, very high or ultra high. This indicator can calculate moving average by four methods: SMA - Simple Moving Average SMMA -
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PipTick Supply Demand
PipTick Supply Demand
Michal Jurnik
PipTick Supply Demand is the best indicator we have ever made. This great tool automatically draws a supply and demand zones which are the best places for opening and closing the positions. It has many advanced features such as multi timeframe zones support, displaying width of zones, alert notifications for retouched zones and much more. Because of principle of market fractality, this indicator can be used for any kind of trading. It does not matter whether you are positional, swing or intraday
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PipTick Bid Ask Volume MT4
PipTick Bid Ask Volume MT4
Michal Jurnik
PipTick Bid-Ask Volume indicator is a tool that needs every scalper and intraday trader. It uses a special algorithm to determine the activity of buyers and sellers and displays it in the form of histogram. With this feature, the trader can easily compare the level of aggression on the part of buyers and sellers and read the context of the market. As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual an
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PipTick VWAP MT4
PipTick VWAP MT4
Michal Jurnik
PipTick VWAP is our version of Volume-Weighted Average Price indicator. VWAP is the ratio between the value traded (price multiplied by number of volume traded) and total volume traded over a specific time period. It measures the average price of the instrument much better than the simple moving average. Although there are many ways how to use the VWAP, most investors use it to calculate the daily average. The indicator works in five modes: Moving - In this mode the PipTick WVAP works as Moving
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PipTick Currency Index MT4
PipTick Currency Index MT4
Michal Jurnik
PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. The indicator uses the unique calculation formula that reflects actual volume of forex market. Basically, it is a weighted average of currency pairs values which form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency. Not
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PipTick Bid Ask Volume MT5
PipTick Bid Ask Volume MT5
Michal Jurnik
PipTick Bid-Ask Volume indicator is a tool that needs every scalper and intraday trader. It uses a special algorithm to determine the activity of buyers and sellers and displays it in the form of histogram. With this feature, the trader can easily compare the level of aggression on the part of buyers and sellers and read the context of the market. As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual an
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PipTick Cumulative Delta MT5
PipTick Cumulative Delta MT5
Michal Jurnik
PipTick Cumulative Delta indicator shows the cumulative sum of the single delta volume values. It provides a perfect overview of the current order flow context and helps traders decide in which direction to trade. They can also choose whether the indicator will be displayed as a candlestick or line chart. Calculation of delta volume is based on our PipTick Volume Delta indicator. As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volu
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PipTick Volume MT5
PipTick Volume MT5
Michal Jurnik
The PipTick Volume indicator is a great tool for measuring tick volume or real volume activity. It quickly and easily helps traders to evaluate the current size of volume. The indicator for classification of the volume size uses moving average and its multiples. Accordingly, the area where the volume is located (relative to the moving average) is labeled as ultra low, low, average, high, very high or ultra high. This indicator can calculate moving average by four methods: SMA - Simple Moving Ave
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PipTick Heiken Ashi MT5
PipTick Heiken Ashi MT5
Michal Jurnik
PipTick Heiken Ashi is our version of Heiken Ashi chart indicator. Unlike competitor products, this indicator offers extensive options for calculating of Heiken Ashi candles. It can be displayed as classic or smoothed version. The indicator can calculate Heiken Ashi with moving average by four methods: SMA - Simple Moving Average SMMA - Smoothed Moving Average EMA - Exponential Moving Average LWMA - Linear Weighted Moving Average Main features The indicator shows Heiken Ashi as classic or smoo
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PipTick Supply Demand MT5
PipTick Supply Demand MT5
Michal Jurnik
PipTick Supply Demand is the best indicator we have ever made. This great tool automatically draws a supply and demand zones which are the best places for opening and closing the positions. It has many advanced features such as multi timeframe zones support, displaying width of zones, alert notifications for retouched zones and much more. Because of principle of market fractality, this indicator can be used for any kind of trading. It does not matter whether you are positional, swing or intraday
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PipTick VWATR MT5
PipTick VWATR MT5
Michal Jurnik
PipTick VWATR indicator is a helpful tool for measuring of activity of the market. It is based on the idea of the Volume-Weighted ATR. The combination of these two elements helps to identify potential turning points or breakout opportunities. The indicator for the classification of the activity of the market uses moving average and its multiples. Accordingly, where the VWATR bar is located (relative to the moving average), it is labeled as ultra low, low, average, high, very high or ultra high.
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PipTick Session MT5
PipTick Session MT5
Michal Jurnik
PipTick Session is a very simple indicator that helps to highlight a specific trading session. For example, it can be used for differentiation of the European, American or Asian session. Main features The indicator shows a user-defined trading session Alert notifications for start and end of session Custom session time Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN) Customizable parameters (Colors, Alert...) Can be used for creating EA Available for MT4 and MT5 Input paramete
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PipTick VWATR MT4
PipTick VWATR MT4
Michal Jurnik
PipTick VWATR indicator is a helpful tool for measuring of activity of the market. It is based on the idea of the Volume-Weighted ATR. The combination of these two elements helps to identify potential turning points or breakout opportunities. The indicator for the classification of the activity of the market uses moving average and its multiples. Accordingly, where the VWATR bar is located (relative to the moving average), it is labeled as ultra low, low, average, high, very high or ultra high.
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PipTick Session MT4
PipTick Session MT4
Michal Jurnik
PipTick Session is a very simple indicator that helps to highlight a specific trading session. For example, it can be used for differentiation of the European, American or Asian session. Main features The indicator shows a user-defined trading session Alert notifications for start and end of session Custom session time Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN) Customizable parameters (Colors, Alert...) Can be used for creating EA Available for MetaTrader 4 and MetaTrad
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PipTick Equity MT5
PipTick Equity MT5
Michal Jurnik
PipTick Equity is a simple indicator that shows the development of equity curve in real time. For precision measurement, it should be used in a separate window with a period of M1. Main features The indicator shows the development of equity curve in real time High precision on minute chart Very fast calculation Available for MT4 and MT5
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PipTick Equity MT4
PipTick Equity MT4
Michal Jurnik
PipTick Equity is a simple indicator that shows the development of equity curve in real time. For precision measurement, it should be used in a separate window with a period of M1. Main features The indicator shows the development of equity curve in real time High precision on minute chart Very fast calculation Available for MT4 and MT5
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PipTick Close MT5
PipTick Close MT5
Michal Jurnik
PipTick Close is a simple script that allows traders to close theirs trades by three methods. Just run the script and choose the close method. Closing methods Symbol - Allows to close all open trades for certain symbol All_Trades - Allows to close all open trades Magic_Number - Allows to close all open trades according to their magic number Recommendation AutoTrading functions must be activated. If the AutoTrading function is disabled, script will not work. EA should be stopped. If you are using
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PipTick Close MT4
PipTick Close MT4
Michal Jurnik
PipTick Close is a simple script that allows traders to close theirs trades by three methods. Just run the script and choose the close method. Closing methods Symbol - Allows to close all open trades for certain symbol All_Trades - Allows to close all open trades Magic_Number - Allows to close all open trades according to their magic number Recommendation AutoTrading functions must be activated. If the AutoTrading function is disabled, script will not work. EA should be stopped. If you are using
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PipTick ATR
PipTick ATR
Michal Jurnik
PipTick ATR indicator is a really helpful tool for measuring the range of bars. It quickly and easily helps to evaluate the current spread (range) of the ATR, which is especially useful for VSA traders. The indicator for the classification of the range of bars (candles) uses moving average and its multiples. Accordingly, the area where the volume is located (relative to the moving average) is labeled as ultra low, low, average, high, very high or ultra high. PipTick ATR indicator is rendered as
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PipTick CSI PRO MT4
PipTick CSI PRO MT4
Michal Jurnik
This is a professional version of our PipTick Currency Strength Indicator. Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using several popular indicators. PipTick CSI PRO shows you in a simple and quick way whether the currency is strong or weak. Furthermore, you can also see when the currency is oversold, overbought or in "normal area
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PipTick Currency Barometer MT4
PipTick Currency Barometer MT4
Michal Jurnik
PipTick Currency Barometer is one of our most favorite indicators. It measures the strength of two currencies represented in the pair and compares the difference between them. The result is shown as a histogram where you can simply identify which currency is the strongest. This indicator is designed to measure the strengths and weaknesses of eight major currencies (USD, EUR, GBP, CHF, CAD, JPY, AUD and NZD) and works on 28 currency pairs. The PipTick Currency Barometer uses CCI method (Commodity
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PipTick VSA MT4
PipTick VSA MT4
Michal Jurnik
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we have ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of their experience. What Is VSA? VSA (Volume Spread
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PipTick Correlation MT4
PipTick Correlation MT4
Michal Jurnik
PipTick Correlation shows the actual correlation between the selected instruments. The default setting is set to 28 currency pairs, gold and silver, but the indicator can compare any other symbols. Interpretation of the indicator Positive correlation (corellation is above 80 %) Negative correlation (corellation is below -80 %) Weak or no correlation (corellation is between -80 and 80 %) Main features The indicator shows actual correlation between the selected instruments Simple comparison of
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PipTick Heiken Ashi MT4
PipTick Heiken Ashi MT4
Michal Jurnik
PipTick Heiken Ashi is our version of Heiken Ashi chart indicator. Unlike competitor products, this indicator offers extensive options for calculating of Heiken Ashi candles. It can be displayed as classic or smoothed version. The indicator can calculate Heiken Ashi with moving average by four methods: SMA - Simple Moving Average SMMA - Smoothed Moving Average EMA - Exponential Moving Average LWMA - Linear Weighted Moving Average Main features The indicator shows Heiken Ashi as classic or smoo
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PipTick Pairs Cross MT4
PipTick Pairs Cross MT4
Michal Jurnik
PipTick Pairs Cross is a unique tool for negatively correlated trading instruments, such as EURUSD and USDCHF currency pairs. It is based on a concept called pairs trading (or spread trading). Our indicator is comparing the strength of two currency pairs that are inversely correlated and easily tells you when it is time to buy a first pair and short a second pair, and vice versa. This is an extremely simple approach to trading currency pairs that works very well. How to Use? There are only two
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PipTick Pairs Spread MT4
PipTick Pairs Spread MT4
Michal Jurnik
PipTick Pairs Spread indicator has been developed for the very popular strategy known as pairs trading, spread trading or statistical arbitrage. This indicator measures the distance (spread) between prices of two directly (positively) correlated instruments and shows the result as a curve with standard deviations. So, any trader can easily identify when the instruments are too far apart and use this information for trade opportunity. How to Use? The best results are obtained when the trade is
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PipTick Bar Timer MT4
PipTick Bar Timer MT4
Michal Jurnik
PipTick Bar Timer indicator displays an advanced bar countdown timer on a chart. This study indicates the remaining time for the last bar on the chart. Main features The indicator shows remaining time for the last bar in the chart Alert notifications for a new bar Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN) Customizable parameters (Colors, Text size, Visibility...) Ideal tool for all kinds of trading (scalpers, intraday traders...) Very fast calculation Available for Met
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PipTick Effort Index MT4
PipTick Effort Index MT4
Michal Jurnik
PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the change in price (Result) to the size of volume (Effort) for a certain period of time. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to scale of 0-100% based on a selectable look back period. The law of effort and result The law of effort vs. result states that the change in price of a tradin
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PipTick OHLC MT4
PipTick OHLC MT4
Michal Jurnik
PipTick OHLC indicator shows the current and historical values of High, Low, Open, Close and Mid for a specific time period. It can plot the current values or the values from the previous session. The range for calculation of the indicator can be taken from a daily, weekly, monthly, or user-specified session. Levels High of current or previous session. Low of current or previous session. Open of current or previous session. Close of current or previous session. Midpoint of current or previous
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Version 5.1 2017.02.10
Constant Mode default value is set as False
Version 5.0 2016.12.07
Added Constant Mode (allows set USD as a constant)
Version 4.0 2015.07.14
What's new in PipTick CSI version 4.0

More accurate data loading
Added weighted mode
Added smoothed mode