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WS Currency Strength MT5

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.

Remarks:

  • The Time Frame selector doesn't work in the Strategy Tester!
  • If not all history was available when the indicator was applied for the first time, it can be that there is no indication.
    If that's the case, simply remove and apply the indicator again and it should be just fine.
  • 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.

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)

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


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Difícil de encontrar y escasa en frecuencia, las divergencias son uno de los escenarios comerciales más confiables. Este indicador busca y escanea las divergencias regulares y ocultas automáticamente usando su oscilador favorito. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Fácil de comerciar Encuentra divergencias regulares y ocultas Admite muchos osciladores bien conocidos Implementa señales comerciales basadas en rupturas Muestra n
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Pivot Channels PRO MT5
Dmitry Zmitrovich
⭐⭐⭐⭐⭐ I'm glad to present you my new "Pivot Channels Pro" indicator. ⭐⭐⭐⭐⭐ It builds on my previous indicators and over six years of experience using them. This indicator includes all the best strategies that I have researched. When developing and optimizing, I used ML algorithms. The indicator is very easy to use. Now the indicator has 3 basic strategies and the ability to customize your own strategy. I am constantly looking for better strategies. Telegram channel:   https://t.me/d_product
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BlueDigitsFx Easy 1 2 3 System MT5
Ziggy Janssen
*All In One System Indicator, Breakthrough solution for any Newbie or Expert Trader ! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The System In Detail :  https://youtu.be/fIOWwWuE5ZQ BlueDigitsFx's Easy 1 2 3 System is an all in 1 Indicator with a variety of options to work with. Telegram Channel & Group  here Performs Amazingly with a Market Base Line for example; 50ema, 200ema, Kijun sen,...   Pe
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AguiaTraders F12 PRO
Renato Fiche Junior
This tool was developed to help traders on candle by candle and replay training. In the indicator settings, the user can set the training start datetime. The indicator will autommatically hide all candles after this datetime. So the user can make studies before starting the training. Starting the training, the user can simulate your trades quickly and easily! Note: Demo version for testing can be found here: https://www.mql5.com/en/market/product/38314 This is a product developed by Renato F
70 USD
LT Easy Market
Thiago Duarte
Easy Market makes the market easier to trade. It allows you to see an "eternally" side (no trend) market, making it extremely easy to see when the price is overbought or oversold. Both trend and consolidation traders will like Easy Market. You can use it as an auxiliary window (below chart) or in full screen mode. See the screenshots and note how it gives you accurate entries! Free demo version:   https://www.mql5.com/pt/market/product/41869 Free signals emitter:   https://www.mql5.com/en/market
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PZ Swing Trading MT5
Arturo Lopez Perez
Swing Trading es el primer indicador diseñado para detectar oscilaciones en la dirección de la tendencia y posibles oscilaciones de reversión. Utiliza el enfoque de intercambio de línea de base, ampliamente descrito en la literatura comercial. El indicador estudia varios vectores de precios y tiempos para rastrear la dirección de la tendencia agregada y detecta situaciones en las que el mercado está sobrevendido o sobrecomprado y listo para corregir. [ Guía de instalación | Guía de actualización
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Pivot Prof
Paul Anscombe
Un indicador excepcional ... Obtenga increíbles oportunidades comerciales con Pivot Prof y use los niveles que usan los profesionales, ¡mejore sus operaciones hoy! Pivot Prof es rico en funciones y utiliza algoritmos únicos para calcular y mostrar los niveles de negociación de múltiples marcos de tiempo en un solo gráfico fácil de leer, y proporciona alertas de terminal, móvil y correo electrónico, además de personalización completa. Actualización importante Maximice el potencial de Pivot P
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X3 Chart Pattern Scanner MT5
Young Ho Seo
Introduction to X3 Chart Pattern Scanner X3 Chart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individua
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M15 Manual Scalping System NRP MT5
Sergey Efimenko
The indicator is a ready-made manual trading system for scalping. The default parameters are set for М15. The indicator parameters can be customized individually. After a bar is closed, the main values ​​are not redrawn except for dynamic support/resistance zones and fractal trend lines. Market entry conditions should be evaluated on a closed bar. Before buying, make sure the candle is green, the direction change symbol (by default, it is a dot) is light blue and the current candle opens near th
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Market Profile Singles indicator MT5
Tomas Papp
⭐⭐⭐⭐⭐ MT4:  https://www.mql5.com/en/market/product/52715 Theory: Market Profile Singles : Singles or single prints ( or gap ) of the profile are placed in the middle of a profile structure, not at the upper or lower edge. Singles draw our attention to places where the price moved very fast (  impulse movements) and therefore the market imbalance and show us the area of imbalance.Singles are usually created when the market reacts to unexpected news. It is these reports that are capable of
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Blahtech Daily Range MT5
Blahtech Limited
Blahtech Daily Range indicator displays the average daily range alongside the individual session ranges. Using the daily open price as a reference the indicator shows fixed range and dynamic range targets as lines on the charts. These lines clearly show when the average range has been exhausted. Daily and session ranges can be useful for confirming entries or setting targets and is an excellent odds enhancer for many trading systems. Feature Highlights Daily Ranges Session Ranges Single or mul
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Weis Wave with Alert MT5
Panagiotis Diamantopoulos
*NEW Speed Index + Auto Volume Waves *  How to trade with it:   https://www.tradethevolumewaves.com/blog Videos on how to use it on our youtube channel:  https://www.youtube.com/channel/UCTAzhvsnzPppdqWJS-MWafQ Weis Wave with Alert MT5 This is a Weis Wave indicator which is based on Richard D. Wyckoff theory. It works in all time periods, range bar and tick bar charts and it can be applied to any market. This indicator is adding the volumes of the corresponding price waves and draws a cumul
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Adx scalper arrow
Dmitrii Melnikov
Dial indicator based on one ADX indicator. Gives buy and sell signals when DI + and DI - lines intersect. The indicator works on all timeframes and currency pairs. In the premium version the signals are filtered, they are less, but they are more reliable. There are settings of the indicator period, you can experiment. ADXPeriod=14 - The period of the indicator. The indicator gives high-quality buy and sell signals, suitable for intraday trading.
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Versión 4.4 2020.06.09
- recompiled on request of mql5.com
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