Currency Strength Bar Indicator MT5

The attached screen shot shows 3 different versions of the Currency Strength Bar Indicator”

1.       Version # 1 shows horizontal bars of the individual currencies and their relative strengths. Since these bars are plotted horizontally from left to right, the minimum value of a currency is always higher than the positive value of 0%)  

2.       Version 2 shows however the Strength & Weakness of the individual Currencies presented on an X-axis in which the Currencies have both positive and negative values (presented as bars above and below the X-axis).

3.       Version # 3 is the indicator that needs to be developed and is basically build upon the principles of Version # 2 (will be described later on in detail). Version # 3 needs to be embedded with the following parameters (A) Color Coded Currency Bars (B) Legend of the Currencies (C) Changeable width of the individual Currency Bars as well as the space between the individual Currency Bars (E) Positioning parameter as to where the Indicator is being plotted on the chart (X and Y Axis positioning within the Chart (D) Indicator must work on all the timeframes that the MT5 Platform offers (E) Scaling settings of the chart (for situations described below).

I don’t have the source code of the indicators above. The underlying calculations of the 28 currency pairs are however based on the following principle: The indicator is adding up net pips (gains/losses) of each component of and individual Currency, for example for the Currency GBP, the individual net pips (gains/losses) are calculated based on the underlying Cross Currency Pairs EURGBP, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD and GBPUSD.  And the same applies for the other Currencies (AUD, CAD, CHF, EUR, JPY, NZD AND USD) and their respective Cross Currency Pairs.

When the histogram bars of the Currencies are plotted the positive and negative values will require some scaling adjustments taking into consideration that a Currency moves significantly further based on Daily/Weekly Charts compared to 15M and 1H Charts.  

Applicants need to have a track record regarding developing code for Currency Strength Indicators.

It should be obvious that the following 28 cross currency pairs represent the 8 currencies as presented in the required indicator, these are AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GEBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF and USDJPY.