• Información general
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  • Discusión (4)
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WS Currency Strength

Have you ever wondered which currency is moving a pair?
For instance, if you see EURUSD go up, then is it because the EUR is getting stronger or because the USD is getting weaker?
Well, this nifty little indicator will tell you in a blink of an eye!

The indicator shows the relative strength of eight major currencies by comparing each currency with all the other ones, and presents the result in an easy to interpret graphical way. 
Alerts, Notifications and Emails can be set on a range of scenarios. (see settings)
Also, if only 2 currencies are selected, a button to open a chart of that pair can be displayed.
This is a very convenient feature because now you won't have to go through the pairs list to find this pair.

The currencies are: EUR, USD, GBP, JPY, CHF, AUD, CAD and NZD.

Settings

  • Number of Bars : how many bars to calculate and show. Default is 500.
  • Pairs Prefix : if your pairs have any prefix, enter it here. Example x.EURUSD --> enter "x."
  • Pairs Suffix : if your pairs have any suffix, enter it here. Example EURUSD.m --> enter ".m"
  • Show "Open Chart" button : if only 2 currencies are selected, a button to open a chart of that pair will be displayed.
  • Initial Selection: (drop down list)
    • Reset to Default: will load the below DEFAULT Selections.
    • Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
    • Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.
      DEFAULT Selections
  • Select Time Frame
  • Default Period
  • Select EUR
  • Select USD
  • Select GBP
  • Select JPY
  • Select CHF
  • Select AUD
  • Select CAD
  • Select NZD

      ALERTS

  • Alerts, Notifications and Emails :  ENABLED/DISABLED --> ENABLES or DISABLES  all Alerts, Notifications and Emails.
  • Show Alert : YES/NO
  • Send Notification : YES/NO
  • Send Email : YES/NO

      Next settings repeat for all eight currencies:

  • Only When Selected : YES/NO --> If YES then only alerts if the currency is selected with the Checkbox.  If NO, checked or not checked doesn't matter.
  • EUR Alert Settings : All OFF/All ON/Use Below --> for below 8 settings.
  • Crossing Oversold from Below : YES/NO
  • Crossing Oversold from Above : YES/NO
  • Crossing 50 from Below : YES/NO
  • Crossing 50 from Above : YES/NO
  • Crossing Overbought from Below : YES/NO
  • Crossing Overbought from Above : YES/NO
  • Crossing Other Curr from Below : YES/NO --> Only if that other currency is selected!
  • Crossing Other Curr from Above : YES/NO --> Only if that other currency is selected!

      COLORS & STYLES

  • Color EUR
  • Line Width EUR
  • Color USD
  • Line Width USD
  • Color GBP
  • Line Width GBP
  • Color JPY
  • Line Width JPY
  • Color CHF
  • Line Width CHF
  • Color AUD
  • Line Width AUD
  • Color CAD
  • Line Width CAD
  • Color NZD
  • Line Width NZD

How to Use and Requirements

The indicator can be applied to any instrument.

If necessary, it will first automatically download all the required pairs' history.

You can follow its progress on that in the Experts tab of your terminal.

The Time Frame selector doesn't work in the Strategy Tester!

If there is no history for some of the required pairs to calculate (or pair is not available), then the affected currencies will be disabled! (see the screenshots)

Remark

Sending Notifications and Emails has to be configured in the Trading Platform as well and Events has to be enabled for the Alert.
Go to Tools/Options/Notifications (or Email or Events) tab.
If you need help with that then click Help on those tabs or hit F1.

Needed pairs:

  • EURUSD, EURJPY, EURGBP, EURCHF, EURAUD, EURCAD, EURNZD
  • USDJPY, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD
  • GBPAUD, GBPCHF, GBPCAD, GBPJPY, GBPNZD
  • AUDJPY, CHFJPY, CADJPY, NZDJPY
  • AUDCHF, CADCHF, NZDCHF
  • AUDNZD, AUDCAD
  • NZDCAD

And finally the pair on which you will apply the indicator.


It is possible to generate a signal in your EA.

You can read the 8 indicator buffers (0 to 7):

  • EUR = Line Index 0
  • USD = Line Index 1
  • GBP = Line Index 2
  • JPY = Line Index 3
  • CHF = Line Index 4
  • AUD = Line Index 5
  • CAD = Line Index 6
  • NZD = Line Index 7



For further details, please see the Screenshots tab.
I am always available for support.

Many green pips!

Walter



Comentarios 3
andytimtran
230
andytimtran 2020.02.16 12:58 
 

Easy to use. Thank you

BJA158
95
BJA158 2019.10.24 22:14 
 

Amazing! The only multi-tf currency indicator. A must have. Outstanding support and communication from publisher. The updates are fantastic. We highly recommend before more updates come and the price goes up! Helps a ton with entries and exits in the market and you will be able to make your money back with this tool! Thanks a Ton! A+Trading and Investments LLC.

Paulus Nangoy
3262
Paulus Nangoy 2018.02.13 14:20 
 

Excellent product and support from Walter, really a must to have indicator. Thank you very much!

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Este indicador es una herramienta comercial exclusiva, de alta calidad y asequible porque hemos incorporado una serie de características propias y una nueva fórmula. ¡Con solo un gráfico, puedes ver la Fortaleza Monetaria de los 28 pares de Forex! Imagina cómo mejorarás porque puedes identificar el punto de activación exacto de una nueva tendencia u oportunidad de crecimiento. Manual de usuario: Clic aquí LO ESPECIAL Las flechas en la sub-ventana para mostrar el impulso de moneda fuerte y el
148 USD
FX Trend
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long
50 USD
Lighthouse
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly brok
50 USD
FX Power
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe
50 USD
Naked Forex Kangaroo Tail
Renaud Candel
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs of the indicator are : Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol MaxBars: number of bars back used to calculate the indicator TradeDirection (Long/Short/LongAndShort): filter sign
147 USD
MQLTA Support Resistance Lines
MQL4 Trading Automation
MQLTA Support Resistance Lines is an indicator that calculates the historical levels of Support and Resistance and display them as Lines on chart. It will also Alert you if the price is in a Safe or Dangerous zone to trade and show you the distance to the next level. The indicator is ideal to be used in other Expert Advisor through the iCustom function. This indicator can be tested LIVE on AUDNZD with the following DEMO https://www.mql5.com/en/market/product/26572 How does it work? The indicat
59 USD
Trend Line Map Pro
Sayadi Achraf
⭐️ ⭐️ ⭐️ ⭐️ ⭐️      TREND LINE MAP  ⭐️⭐️⭐️ ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener . It's  working as a scanner for all signals generated by Trend screener ( Trend Line Signals )  . Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get Trend Screener Pro before getting Trend Line Map indicator. 3. 
49 USD
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
Este indicador es una herramienta de transacción única, de alta calidad y asequible porque hemos incorporado una serie de características propias y una fórmula secreta. Con solo un gráfico, da Alertas para los 28 pares de divisas. ¡Imagina cómo mejorarás porque puedes identificar el punto de activación exacto de una nueva tendencia u oportunidad de crecimiento! Basado en nuevos algoritmos subyacentes , hace que sea aún más fácil identificar y confirmar operaciones potenciales . Esto se debe a qu
78 USD
Naked Forex Tweezer Pro Indicator for MT4
Renaud Candel
Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Tweezer Pro version let user
177 USD
Bruces Price Predictor
Bruce Webb
*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
50 USD
Blahtech Supply Demand
Blahtech Limited
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
119 USD
Arbitrage Thief Index
Philip Pankaj
"It's not about how much you do, but how much love you put into what you do that counts."    - Mother Teresa Today you have the ability to unlock the most powerful trading Indicator.In my trading Carrier,I have been using this indicator to take a perfect entry and exit with nice safe profit.And with full trust,Today I'm sharing this secret strategy with you.Great fund manager never risk their trade on one single order,instead they take more trade orders at different instrument to build an effec
89 USD
Classic Keltner Channel
Muhammad Elbermawi
Or CKC . ⭐⭐⭐⭐⭐ This indicator works depending on the classic ten-day moving average rule described by Chester W. Keltner (1909–1998). All parameters are set to the classic version of the Keltner system by default, while the user can change them if he wants. Try Demo before you buy:  https://www.mql5.com/en/market/product/47130 Read CKC Manual: https://www.mql5.com/en/blogs/post/736577 CKC Expert Advisor Example: https://www.mql5.com/en/blogs/post/734150 About Keltner Channel Formula Calculate
60 USD
Filtro:
Paulus Nangoy
3262
Paulus Nangoy 2018.02.13 14:20 
 

Excellent product and support from Walter, really a must to have indicator. Thank you very much!

BJA158
95
BJA158 2019.10.24 22:14 
 

Amazing! The only multi-tf currency indicator. A must have. Outstanding support and communication from publisher. The updates are fantastic. We highly recommend before more updates come and the price goes up! Helps a ton with entries and exits in the market and you will be able to make your money back with this tool! Thanks a Ton! A+Trading and Investments LLC.

andytimtran
230
andytimtran 2020.02.16 12:58 
 

Easy to use. Thank you

Respuesta al comentario
Versión 4.4 2020.06.16
- nothing changed, just changed version number to synchronize with the MT5 version number.
Versión 4.3 2020.06.02
- repositioned info messages
Versión 4.2 2020.05.20
- improved downloading of history
Versión 4.1 2020.02.03
Added: Show "Open Chart" button
Versión 4.0 2019.10.30
Bug fix: period not correct (0) when setting "Initial Selection" = Synchronize with Pair and TF
Versión 3.9 2019.10.24
- Added settings for default selections:
Select Time Frame
Default Period
Select EUR
Select USD
Select GBP
Select JPY
Select CHF
Select AUD
Select CAD
Select NZD

So "Reset to Default" on "Initial Selection" drop down list will load the above settings.

- Fixed indicator not loading on platform restart.
Versión 3.8 2019.10.14
Replaced setting "Synchronize with Pair and TF" with "Initial Selection".

Initial Selection: (drop down list)
- Reset to Default: No currencies selected, Time Frame = H1, Period = 10.
- Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
- Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.
Versión 3.7 2019.09.25
- Added setting "Synchronize with Pair and TF".
The currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
Versión 3.6 2019.04.08
Changed setting "Number of Bars" to 500
Versión 3.5 2019.01.10
Added settings for COLORS & STYLES
Versión 3.4 2019.01.03
Added Alerts
Versión 3.3 2018.10.18
Automatically load not visible symbols in market watch
Versión 3.2 2018.07.02
Changed link on About tab
Versión 3.1 2018.01.26
When using the Free Demo version in the Strategy Tester, the terminal would freeze when testing on another than H1 Time Frame.
To prevent this, selecting another TF than H1 will remove the indicator and the tester will be stopped.
Also while testing, the TF selector of the indicator is disabled.