Currency Strength Index

Want to know if to go long or short on any currency pair? 5TT Currency Strength Index is the answer! 5TT Currency Strength Index is a unique indicator for determining the short-term strength of any currency.

Each currency strength is determined by an index of the currency with the strength of 7 other major currencies. The indicator is constantly monitoring price action across 28 currency pairs and 56 combinations; taking the following into consideration

  • Price volatility.
  • Short-term price range.
  • Short-term price action and candle formation.


How To Use

  • Always trade in direction of trend.
  • More than 3 green bars indicate strength and more than 3 red bars indicate weakness.
  • Combine weak currencies with strong currencies. This will always be a trending condition. For instance if AUD has 5 red bars (weakness) and USD has 5 green bars (strength), sell AUDUSD.
  • Avoid combination of strong vs strong or weak vs weak pairs. This will be a ranging condition.


Parameters

  • Header Color: This is the color of the indicator text. Can be adjusted to suit chart background.
  • SymbSuffix: If the broker platform includes a suffix on currency pairs, please enter ONLY the suffix. If no suffix, leave blank. E.g. ETX will display EURUSD as EURUSDSB. Enter SB in this case.
  • ShowComments: Displays Relative Currency Strength percentages on the chart.
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Advanced UT BOT ALERTS for MT4 Professional Multi-Filter Trend Detection System | Enhanced UT BOT Engine We only provide high-quality indicators.  Advanced UT BOT is built for professional use, featuring a stable signal logic and secure calculation process that prevents any delays or false updates. It does not repaint, redraw, remove, or modify past signals in any way. All BUY and SELL signals are generated only after the candle has closed , ensuring consistent accuracy and reliability. There is
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ERXGen Filter
Chima Nwokoro
Indicators
Without volatility, trading the financial market is close to impossible. Profit is made ONLY when the price is moving. The ERXGen (Early Riser Next Generation) system is a short-term trading technique built around the phenomenon that there are certain times during a trading day when the price volatility has the tendency to be high. In essence, ERXGen is based on the very popular London Open Breakout strategy, although with bespoke tried and tested rules that increase consistency and profitabilit
FiveTT Pivot Lines
Chima Nwokoro
Indicators
5TT Pivot Lines is a visual display of pivot lines. These are primarily support and resistance points with the 'Blue' Pivot Point. Pivot points are useful for determining key levels for entry or exits (setting targets and stop loss levels). Having these support & resistance lines visually displayed on the chart is very useful for intraday traders. 5TT Pivot Lines come with some user-friendly settings to decide if to display the lines or connectors on the chart Settings CandlesBack: This gives th
FiveTT Round Numbers
Chima Nwokoro
Indicators
Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
FiveTT Gap Indicator
Chima Nwokoro
Indicators
In Forex trading, the Open price of a new period is usually the same as the close price of the preceding one. If a new period opens at a price significantly different (higher or lower), this gives way to a Gap scenario. This suggests an imbalance in the price action. Price tends to move during the new period to cover the gap created. This move presents consistent buying and selling opportunities; hence potential to make profit. There are two types of Gap scenarios 'Gap Up' - Open price of the ne
FiveTT Risk Management Tool
Chima Nwokoro
Indicators
Risk Management is one of the most critical elements of profitable trading. The 5TT Risk Management Tool is very effective at helping Forex traders calculate the lotsize to any trade; straight on the MT4 charts. The Tool will also display the actual Dollar value of the risk pre-selected. No indicator parameters required. All data input is done on the Tool displayed on the each chart on which the indicator is placed. FOllow the accompanying video here...
Five TT Round Numbers Indicator
Chima Nwokoro
Indicators
Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
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mlen77
112
mlen77 2017.03.22 08:28 
 

User didn't leave any comment to the rating

foreal90
29
foreal90 2015.07.20 09:54 
 

This indicator doesnt deserve even a one star rating,its poorly coded and doesnt do what it says in fact if you are not adept this indi will make you blow ur account in no time.why on earth should this crap tell me that USD is weak while in reality USD is actually trending upwards.

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