I welcome you to a brand new indicator, you will not find anywere comparable.

Please have your mt4 CHART HISTORY be ready for the time frame you want to use. The indicator need CHART HISTORY for this pairs:

ALTERNATIVE CHANGE TIME FRAME TWICE.

Does your broker not have XAUUSD? Then enter the name for gold in "fix EXOTIC pair name" (including possible suffix). If your broker use suffix ("EURUSDm") enter ("m") in "suffix for currency pairs".

Unfortunately MT4 TESTER with DEMO is not able to work properly with any MULTI CURRENCY indicators because the data of the other needed pairs CHART HISTORY is not as available as needed. But you might get an IDEA.

Use a black chart background because Euro is white.

Be free to download your template. Tip for demo testing: Save my template under the name "tester" before you run it.

Use "C28.set" to have all currency pairs in your market watch window. Do not have much more in the market watch.

"C28.set" goes into history\symbolsets folder.   Then you can recall it in market watch window with right click:

My indicator comes with a complete trading system. Please read my blog about currency double GAP theory and trading system.

https://www.mql5.com/en/blogs/post/679077

If you are beginner and own one of my indicators you can join our skype group.

I also teach how to trade. Contact me.

If you have any questions be free and just send me a message.

I wish you many green PIPs!

Regards

Bernhard

https://www.mql5.com/en/blogs/post/682102

3 days later:

One week later:

(I added in this chart also Advanced Currency Impulse Indicator, so we can have USD strength alert. On the bottom and left top.)

Blog: https://www.mql5.com/en/blogs/post/682102

Hi,

I have rented your indicator Currency Strength Exotics in order to use it specifically for trading XAUUSD and it works pretty well on M1 charts.

However, my trading system uses several screens with Renko offline charts. And your indicator does not work with offline charts.

Anything you can do about it ?

 Best regards,

Roberto Zendrini 

You are welcome Roberto.

It is impossible to use with renko charts, sorry. Firstly you would need offline charts for all USD-pairs to read the strength, secondly how we could apply the same candle time to an other renko chart if time open and time close are all different?

chart m5

Showing here with specialized indicator Currency_Strength_EXOTICS DAX STRENGTH.

It shows not only all 8 currency strength lines (AUD to USD) but one more by choice, here it is used with DAX or DE30.

The simplest application is to trade when DAX strength build the double-GAP with USD (Moving in opposite direction).
But other combinations are also possible. If your broker have DAX/Euro than you can also trade dGAP DAX/EUR.
With other currencies it is possible to build a basket. So for example if we have dGAP DAX and JPY you could build a basket with 2 trades DE30 (Which includes USD) and USDJPY. Now you need to make good calculation to buy or sell exactly as many lot of USDJPY to eliminate the money USD which holds in the DE30 position. Now you will trade DAX against JPY. In same way it will work with all other currencies.
Happy trade!
Regards Bernhard

How to setup the DEMO with strategy tester

I made this video for SPEED/IMPULSE but it works simpilar with Currency Strength EXOTICS.

Use the Tester template !

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To see all your trades with a vertical line through sub-window. So you can analyse your trades which is important for learning.

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The special offer is still on 25% off. Get your copy now before the offer is finish! 

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DAX bearish DIVERGENCE

chart H4