Mattrix Basket Viewer

Mattrix Basket Viewer

Mattrix Basket Viewer creates 8 synthetic currency index charts directly in MetaTrader 5 using geometric mean calculation. 
It analyzes all 28 major forex pairs and groups them into 8 currency baskets, one for each major currency.
Instead of watching 28 individual pairs, you see 8 clean basket charts that reveal the true strength of each currency. 
A compact dashboard shows real-time pip sums, coherence and direction for each basket. 
Click any basket name to open its chart instantly.

How it works

The EA calculates geometric mean indices for EUR, GBP, AUD, NZD, USD, CAD, CHF and JPY. 
Each index represents one currency measured against all 7 others using the 7th root of the product of all its pairs. 
This creates a pure, unweighted strength reading for each currency.
All 8 synthetic symbols are created as custom symbols in your MetaTrader 5 terminal with full M1 candle history. 
You can apply any indicator or template to these charts.

The 8 baskets are mathematically interconnected. Every pip gained by one currency must be lost by others. 
The sum of all 8 daily pip values always equals zero. This is not an approximation. 
It is a mathematical certainty built into the geometric mean construction. 
When you see USD at +265 pips, you know that this strength is distributed across the other 7 currencies as weakness. 
The dashboard makes this visible at a glance. 

Buy the strong. Sell the weak. Trade the best pair.

Dashboard columns

The dashboard displays four columns for each basket.
Basket name is a clickable button that opens the synthetic chart. 
Pips(D) shows the daily pip sum across all 7 pairs in the basket. 
Coh displays coherence, which measures how many of the 7 pairs agree on the current direction. 
Dir shows a directional arrow based on the majority of pairs.
Coherence colors follow direction. High coherence with bullish direction appears green. 
High coherence with bearish direction appears red. Medium coherence appears yellow. 
Low coherence indicates a choppy, unclear market state.

Top Pairs

Below the basket rows, the dashboard calculates and displays the three best trading pairs for the current session. 
The ranking uses a composite score combining 70 percent daily pip spread with 30 percent coherence from both sides of the pair. 
Each pair shows the correct base/quote order and whether to buy or sell.
Click any pair name to open its broker chart directly from the dashboard.

Input parameters

Chart Settings group contains the following parameters. 
Days of M1 history controls how many days of minute data to build when the EA starts, with a default of 30 days. 
Symbol group path sets where custom symbols are created, defaulting to Custom\FX. 
Chart timeframe determines which timeframe opens when you click a basket or pair name. 
Chart template applies a saved template to opened charts. Leave empty for default appearance. 
Delete custom symbols controls whether synthetic symbols are removed when the EA is removed from the chart.
Dashboard Position group allows adjusting the X and Y position of the dashboard on the chart.

Requirements

The EA requires all 28 major forex pairs to be available from your broker. It works on any chart symbol. 
Attach it to any major pair such as EURUSD. The EA automatically detects your broker suffix. 
Custom symbols cannot be created in the Strategy Tester, so the EA displays a notification when started in testing mode.

Recommended usage

Attach the EA to a single chart on your main profile. Open basket charts by clicking the dashboard buttons. 
Use the Top Pairs section to identify the strongest setups of the day. 
Combine with your own technical analysis on the opened charts.

Note

This EA does not place any trades. It is a pure analysis and charting tool. 
The synthetic charts and dashboard information are intended to support your own trading decisions.

altro...