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https://www.mql5.com/en/signals/703131
I will trade very 4 hours sessions .
https://www.mql5.com/en/signals/703131
MCTC is the most advanced multicurrency strength indicator for day trading, that does NOT use moving averages. This versatile strength meter has many settings that can be customized to suit the day traders needs. With up to 12 customization time periods, automatic calculation and graph plotting of previous period high/low values, 2 side meters showing currency strength, pair strength, points movement, points movement from previous periods, percentage, and pressure. Clickable chart for fast
just ended this week off.
4 weeks running and 100 % success rate at achieving 3 % per day
:)
https://www.mql5.com/en/signals/author/buju
Are you a day/week/month trader, or even a quick scalper? MCTS will show you the best trending currencies to trade on any timeframe. By using a unique algorithm MCTS measures the strengths of individual currencies and then combines them into pairs to show you the best pairs to trade. Monitor all 8 major currencies and all 28 pairs. Monitors the strengths of the following currencies: EUR, USD, GBP, JPY, AUD, NZD, CHF, CAD. Measure the true strength of a currency on any timeframe. Know which
Hi
ended week with all 5 days profit greater than 3 % , total for this week account is in profit by is 21.39 %
Growth 41.1 %
Profit: 4082.19 USD
Maximum drawdown: 19.15%
Weeks: 2
1. numbered strength meter of each bar
2. colour changing graph of strength meter , shows if strength is increasing or decreasing
3. current strength number with arrow.
this is the only indicator you will ever need to trade , simple , clean , accurate.
know if a currency is strong up or weak down
2 dimensions - price and time
3 dimensions - price and time and strength = MCTSIP
https://www.mql5.com/en/market/product/20994
The indicator will give a arrow when the currencies cross , this is not a signal to buy/sell , but rather a indication of when the currencies have crossed.
When the indicator shows a arrow that a cross has occurred , this means the currency pair has the potential to move in the direction , but it still might not move.
My thinking when writing this indicator , is to look beyond the chart , as all we can see is a 2 dimensions , namely price and time , and we do not know when the market will turn up or down
This indicator attempts to look into the 3rd dimension , namely , how is the currency moving against other currencies.
Think of it like this:
You are traveling on a road , you can see ahead and to the sides , this is 2 dimensions , price and time.
If you could be above your car high up , this will be 3 dimensions , you could see further if there is a storm or there is a traffic jam , and can take another turn or road.
this will be price , time , and affects.
I say affects because currencies are affected by other currencies , maybe more , maybe less , but it is something more we can know by using this indicator , and not just doing mathematical calculations on past time and price movements .
By looking at a chart we see up / down price at constant speed , but how can you know if the trend is strong or weak , well , look and see when the currency is doing against other currencies , this is my 3rd dimension.
https://www.mql5.com/en/market/product/20994
https://www.mql5.com/en/market/product/20994
Are you tired of having many open charts and watching many different currency pairs? MCTSI will monitor the strengths of 56 currency pairs and show you the best pairs to trade, no more guessing which currency is stronger/weaker, no more trading a pair that is not moving positively. This is the BASIC version. MCTSIP is the more advanced version and can be found here: https://www.mql5.com/en/market/product/20994 You may have many charts open trying to determine the best currency pair to trade on
Multi Currency Trend Strength Indicator Price
Are you tired of having many open charts and watching many different currency pairs? MCTSIP will monitor the strengths of 30 currency pairs and show you the best pairs to trade, no more guessing which currency is stronger / weaker, no more trading a pair that is not moving positively.
You may have many charts open trying to determine the best currency pair to trade on may timeframes, MCTSIP can monitor currency strengths on a different timeframe to the current timeframe.
This is a essential tool in manual trading and gives the trader a advantage knowing how strong a currency really is.
MCTSIP monitors the strengths of the following currencies : EUR, USD, GBP, JPY, AUD and NZD.
Each currency's movement is measured against 7 other currencies to determine the strength.
This is shown in the indicator window for each currency, and will show the strongest to weakest currency.
The sensitivity can be adjusted by changing the MA values to make the indicator more or less sensitive to currency movements, and so customized to the time frame you are trading on.
Note: the indicator may not show correctly in the strategy tester, as it has to process large amounts of history data for each pair.
Technical
This indicator shows multiple individual currencies strengths as measured against all the other currencies. It measures the price movements of the applied chart currency pair comparing the base and counter currency occurring in all the other base / counter currencies and shows the strength movements. The rate of change or rate of change strength is shown and can be adjusted for sensitivity by the Moving Average numbers.
Features
Monitor EUR USD GBP JPY AUD NZD (CAD and CHF coming soon).
Individual currency strengths data.
Current best high /low currency pair with movement arrow.
Applied chart movement arrows, no redraw.
Alerting capability.