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Currency Power Meter Linear

This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. The product is based on CPM Extended. Calculation depends on the selected chart timeframe the indicator is launched at.

Alternative variants of calculation of the strength of the currencies:  Currency power correlation MACD Real Currency Power Meter Linear Relative Pairs Correlation

  • iPeriod - number of bars used to analyze currency power.
  • HistoryBars - number of calculated bars on history. The parameter affects execution time during the first launch. It is also necessary for reducing the necessary history data in case a broker has limitation on history length.
  • SmoothingPeriod - data smoothing period (to disable smoothing, set to 1).
  • SmoothingMethod - data smoothing method.
  • ShowPairLabels - enable/disable display labels with names of currencies in the left part of the indicator window.
  • LabelsFontSize - currency label font size.
  • ShowRatio1 - currency name to be displayed.
  • ShowRatio2 - currency name to be displayed.
  • ShowRatio3 - currency name to be displayed.
  • ShowRatio4 - currency name to be displayed.
  • ShowRatio5 - currency name to be displayed.
  • ShowRatio6 - currency name to be displayed.
  • ShowRatio7 - currency name to be displayed.
  • ShowRatio8 - currency name to be displayed.
  • UsePairs - list of symbols for currency power calculation. The full list of 28 symbols for 8 basic currencies: EURUSD, EURGBP, EURCHF, EURJPY, EURAUD, EURNZD, EURCAD, GBPUSD, GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD, AUDUSD, AUDJPY, AUDCHF, AUDCAD, AUDNZD, NZDUSD, NZDCHF, NZDJPY, NZDCAD, CADCHF, USDCAD, CADJPY, USDCHF, CHFJPY and USDJPY.
  • PairPreffix - additional prefix of currency pairs. For example, in EURUSD.e symbol, ".e" is a prefix.
  • ShowWarningComments - enable/disable comments on the operation errors, for example, the absence of symbol quotes or insufficient symbol history length at a broker's side.
  • EnableAlertOnCrossingArrows - enable all alert types.
  • EnableAlertMessage - enable alert message.
  • EnableAlertNotification - enable notifications.
  • EnableAlertMail - enable emails.
  • EnableAlertLog - enable an additional log file using the Print function.
  • EnableAlertSound - enable a sound alert.
  • AlertSoundFileName - sound file name.
  • Label 1 - 5 color - label colors.
Reviews 2
sunnychow
8659
sunnychow 2019.02.13 14:27 
 

It looks so good. I will update my review later. Thanks for Sergey

Alessio Bizzarri
2872
Alessio Bizzarri 2015.10.10 15:39 
 

I have buy now but i knew this Sistem indictor. thank you for pubblic this MQL. next Monday will try in real Trading. 5 stars ;)

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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
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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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Infinity TrendLine PRO
Evgenii Aksenov
TrendLine PRO indicator is based on the analysis of the strength of bulls and bears.  TrendLine PRO never repaint and does not change the levels!!! It shows the highlighted trend line (blue is bulls and red is bears), the entry point and the calculated TakeProfit and StopLoss levels.  You can manage levels and other settings which makes the TrendLine PRO a universal tool for any strategy You can find additional set files in the telegram chat.   You can learn how to set the indicator in the blog
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Black dragon indicator
Ramil Minniakhmetov
Special offer! Buy and get 100% cashback! Limited by the date of purchase - valid now from 01/28/2021. The trend detection indicator will compliment any strategy and can also be used as an independent tool. Recomedation for work with indicator #8 Benefits  Easy to use; does not overload the graphic wih unnecessary information. The ability to use as filter for any strategy. Contains bult -in dynamic levels of cupport and resistange,  which can be used both, for profit taking, and for settings up
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Semafor 3LZZ Scanner Dashboard
Abir Pathak
3 Level ZZ Semafor Scanner: This is a Dashboard indicator which uses 3LZZ Indicator in the background to find semafors. It will give priority to the semafors3 because they specify a strong signal. You can go through this video tutorial to see how it works: https://youtu.be/Z4v4h8U6RiM Get all extra Indicators/Template from here: https://abiroid.com/extras/semafor-3lzz-scanner-dashboard To use this template just specify "3LZZ" in Dashboard Property: "Use Template For New Window" (without the
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CPM Extended
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Extended MultiColor OsMA
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Extended Moving Average
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Extended Keltner Channel
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Extended Bollinger Bands
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This is an extended version of Bollinger Bands. You can use 21 variations of the moving average and 11 price options for the calculation of the middle line of the indicator. In addition, the period for calculating the standard deviation is defined by a separate parameter. 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 (o
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Advanced Trend Detector
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An indicator with a wide range of customizable parameters used for determining the current trend with the resistance and support levels depending on the current trend direction. After the current bar is closed values are not redrawn. The indicator can be used on any timeframe - simply choose appropriate settings before using it. Be especially careful when the price approaches the indicator levels it has moved far from it or when an arrow appears (indicating trend change) very far from the price,
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Advanced ZigZag Dynamic
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The difference from the standard ZigZag indicator is the following: instead of calculating new extremum points based on the number of bars, it uses the distance between the high and the low to calculate the extremum points. In addition, this distance is calculated dynamically on default and depends on price fluctuations for a selected period and the multiplier. The distance can be set as a fixed number. In addition, it displays the reversal line, reaching which the previous extreme point is fixe
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Extended ATR
Sergey Efimenko
On the one hand this indicator is an extended version of the conventional Average True Range indicator, with 26 additional smoothing methods, on the other hand it shows the width of the price channel on the selected period (Price range). Moreover, the combinations of two periods gives a smoothed price channel, i.e. its width. Parameters ATR Period - period of calculation Smoothing method - smoothing method Price range - price range Draw type - the display type Flat level - flat level Flat level
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The Levels of Volatility
Sergey Efimenko
The indicator shows support/resistance levels based on the currency volatility for the selected period (number of bars) on the specified timeframe (regardless of the indicator timeframe). Price data on the selected currency and specified timeframe (by default – D1) are necessary for the indicator's normal operation. To download the necessary data, simply open the new window of the selected timeframe. МetaТrader 5 version:  https://www.mql5.com/en/market/product/6832 Parameters Volatility bars co
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Extended MultiColored MACD
Sergey Efimenko
An Extended MACD version, 4 colors (rising, falling, above and below 0). 21 types of smoothing of the lines, 11 price types. Smoothing: Simple, Exponential, Wilder Exponential, Linear Weighted, Sine Weighted, Triangular, Least Square, Smoothed, Hull, Zero-Lag Exponential, Double Exponential, T3, Instantaneous Trendline, Median, Geometric Mean, Regularized EMA, Integral of Linear Regression Slope, Combination of LSMA and ILRS, Triangular, Volume Weighted, Smoothing by M.Jurik. Prices: Close, O
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Extended Heiken Ashi
Sergey Efimenko
This is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars. МetaТrader 5 version with the ability to test: https://www.mql5.com/en/market/product/7327 Parameters Period to average - calculation period HAClose price mode - Close p
30 USD
AMA Trend Detector
Sergey Efimenko
An indicator based on the Adaptive Moving Average ( АМА ) for determining the current trend with the resistance and support levels depending on the current trend direction. After the current bar is closed values are not redrawn. The indicator can be used on any timeframe - simply choose appropriate settings before using it. Be especially careful when the price approaches the indicator levels it has moved far from it or when an arrow appears (indicating trend change) very far from the price, as w
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Stochastic with AMA filtering
Sergey Efimenko
We offer Stochastic indicator (oscillator) with signal line filtration by means of the Adaptive Moving Average ( АМА ). We have also added a function of multicolor signal line display of increase and decrease by means of lines or dots at the discretion. Moreover, you can highlight signal line values located below the specified minimum level or above the specified maximum level. Parameters: PeriodK - period K of Stochastic oscillator Slowing - period of Stochastic oscillator slowing PriceField -
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CCI with AMA filtering
Sergey Efimenko
We offer CCI indicator (oscillator) with additional filtration by means of the Adaptive Moving Average ( АМА ). We have also added a function of multicolor line display of increase and decrease by means of lines or dots at the discretion, moreover, you can also highlight line values located below the specified minimum level or above the specified maximum level. Parameters: PeriodCCI - period K of CCI oscillator PriceCCI - CCI oscillator used price mode MaximumLevel - maximum level value MinimumL
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Filter:
sunnychow
8659
sunnychow 2019.02.13 14:27 
 

It looks so good. I will update my review later. Thanks for Sergey

Alessio Bizzarri
2872
Alessio Bizzarri 2015.10.10 15:39 
 

I have buy now but i knew this Sistem indictor. thank you for pubblic this MQL. next Monday will try in real Trading. 5 stars ;)

Reply to review
Version 2.2 2020.08.24
Added coloring of bars based on the intersection of the currency strength indices of the current chart. Added the option to display only the currency indexes of the current chart. Added the ability to display the difference in the currency indices of the current chart as a line or 4-color histogram.
Version 2.1 2020.08.04
The code was optimized for the current version of the terminal.
Version 2.0 2018.06.27
Added the color change parameters.
Version 1.9 2018.02.13
New alert mode: the intersection of indexes regardless of the currency pair of the selected chart.
Version 1.8 2017.11.07
Added alerts notifying of the current currency pair's indices crossing.
Version 1.7 2016.01.21
Added an array and toggled information in the comments about the "gaps" in the quotes. As the terminal downloads the currency pair chart data, requested by the indicator, the value goes to 0. This array can be used in EA's for the evaluation of the inaccuracy of the data, generated by the indicator.
Version 1.6 2016.01.19
Added the new value smoothing methods (26 in total).
Version 1.5 2015.06.04
Improved automated update of the indicator's readings after the terminal has uploaded all necessary history for all currencies.
Version 1.4 2015.06.01
- Added ability to use absolute currency power values (UseAbsoluteValues=true). If you want to use the initial "step" calculation mode, set UseAbsoluteValues=false.
- Added ability to use several indicators on a single chart.
Version 1.3 2015.05.14
Improved searching for a bar by a simple shift. Now, the search for a necessary bar by a shift is performed after the search for a shift by the bar time.
Version 1.2 2015.05.07
Correction of the indicator's objects deletion
Version 1.1 2015.05.06
1. Added adjustable arrows which appear when lines of currency strength of the current instrument are crossed.
2. All 28 combinations of 8 major currencies are added for analysis by default.