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Currency Power Meter Linear MT5

5

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. Calculation depends on the selected chart timeframe the indicator is launched at.

The indicator displays data as lines for all currencies or as a histogram for the current currency pair. The intersection of the currency strength indices for the current currency pair is additionally displayed as arrows on the chart. The current trend direction is highlighted by the coloring of the bars.

Main settings:

  • 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 enable 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.
  • ShowRatio1-8 - currency name to be displayed.
  • UsePairs - list of symbols for currency power calculation.
  • 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.
Alert settings:
  • 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 - 8 color - label colors.
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.


Reviews 1
Boriwan
544
Boriwan 2020.08.24 10:58 
 

Отличная работа! Индикатор не только самостоятельная торговая система, но и прекрасный фильтр для других инструментов! Спасибо за обновление!

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Sergey Efimenko
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The utility is designed for automatic loading of data necessary for functioning of News on chart MT5 indicator which is a calendar from forexfactory. Parameters Use common folder - download files to the public file folder for all terminals \Terminal\Common\Files\. If false , download data to the 'files' folder of the current terminal. First day - news download start date. Leave 0 (01.01.1970 00:00) to download the current data only. Calendar url - address of the source data website to be added
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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
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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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This is an MTF indicator of support and resistance levels based on Advanced ZigZag Dynamic and/or Extended Fractals indicator extremums with price labels (can be disabled). More higher TFs can be selected for MTF mode. By default, the levels are generated based on ZigZag indicator dots. Fractals indicator dots can also be used together with ZigZag or instead of it. In order to simplify the use and save CPU time, calculation is performed once per each bar at its opening. Parameters: ForcedTF - ch
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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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Boriwan
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Boriwan 2020.08.24 10:58 
 

Отличная работа! Индикатор не только самостоятельная торговая система, но и прекрасный фильтр для других инструментов! Спасибо за обновление!

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Version 2.3 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 2.2 2020.08.04
The code was optimized for the current version of the terminal.
Version 2.1 2019.05.26
Выполнена оптимизация кода с учётом обновлений MQL5.
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 2017.11.02
Added alerts which are generated when the currency indices of the current currency pair intersect.
Version 1.7 2016.01.22
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 2016.01.21
Added new methods for smoothing values, 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 2015.05.13
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.