TMA Currency Meter MT5

TMA Currency Meter is the ultimate currency meter. Based on the Triangular Moving Average of all available symbols, this indicator shows which currencies are strong, strengthening, weak or weakening. Experienced as well as novice traders will see the strong and weak currencies in the blink of an eye, and know which trade possibilities to explore further.

TMA Currency Meter is a true Multi Timeframe indicator. It is easy to show the currency strengths for a higher timeframe than the chart timeframe.

The real power of this indicator shows when it is set to display only the currencies of the chart the indicator is attached to. It will show both strong and continuation buy and sell signals, as well as the up or downtrend.

The currency strengths are processed by a discretionary system to produce signals of strong moving currency pairs. All symbols with a signal are shown.

Besides the currency strengths, TMA Currency Meter shows the TMA Slope of the current symbol. This means extra confirmation signals are shown.

An earlier version of TMA Currency Meter is in use by some of the best MT4 traders around. They find this indicator to be a great addition to their trading arsenal.

What can you use TMA Currency Meter for:

  • Find strong and weak currencies
  • Find signals for symbols with strong moving currencies
  • Find signals for the TMA Slope of the all symbols
  • Use any timeframe
  • Use any higher timeframe than the chart timeframe
  • Show buy and sell signals
  • Show up and downtrends
  • Show currency crosses
  • Show strong, weak or normal crosses


Settings

The settings of TMA Currency Meter can be intimidating. Keep experimenting, there is nothing to break.

  • Use major symbols from Market Watch window? - set to true to calculate all the symbols in your Market Watch window.
  • Symbols to use: - comma-delimited list of symbols if preceding setting is false.
  • Show chart symbol only? - set to true if you want to unlock signals for the current symbol.
  • Timeframe to use: - select the timeframe to calculate the values to, must be the current timeframe or higher.
  • TMA Slope for current symbol? - set to true to show the TMA Slope line for the current signal.
  • Show CSS value & signals table? - set to true to show a table with currency values and all signals.
  • Difference threshold - set to the difference between the two strengths of the currencies of the current symbol to show the up or downtrend.
  • Signal zone bandwidth - set the bandwidth of the green background bands, these are the bands in which signals are found.
  • Alerts - Set to true to enable alerts, 'Do Alerts?' is a master switch for all alerts.
  • Currency names - set individual currencies to true if you want to show them.
  • Color palette - set to Light or Dark according to your preferred background color.
  • Colo(u)rs - you know what to do.

If in doubt, start with the default options. Next option to try is 'Show chart symbol only?'

Table

The information table on the left hand side shows the following information:

  • Currency name and color
  • Currency value
  • Value direction - shown in bold and color if the movement is strong
  • Movement signals - symbols for which the currencies move strong within the bandwidth
  • TMA Slope signals - symbols for which the TMA Slope moves outside their currency values, use for confirmation.


Caution! TMA Currency Meter crunches numbers for the history of all your symbols. It is resource hungry and can put a dent in the performance of your trading station. That said, any not-too-old PC will do.


Loose Ends

If you run in any problems, try to load some history for all your symbols before dropping TMA Currency Meter on your chart.

Do not hesitate to contact me. Let me know what you think of TMA Currency Meter. Only with your help, I can create better tools for MT4.
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Temirlan Kdyrkhan
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Ihor Otkydach
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MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho
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Paul Geirnaerdt
Momentum Horizon is a fully automated trading system for MetaTrader 5, designed to trade breakout movements in the Gold market. It combines two price-action setups: a daily breakout based on the previous day’s high and low, and an intraday breakout based on the price range formed during the six completed H1 bars preceding the configured London breakout hour. Breakout levels can be calculated from either candle wicks or candle bodies. An optional buffer can be added beyond each level to reduce e
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