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ALEKSANDR SHUKALOVICH  

By default it configured best to trade piranhaprofits strategies https://www.piranhaprofits.com/ (Adam Khoo).

Watch this videos to know how to use Currency Strength Meter:

https://www.youtube.com/watch?v=cnYUb2VOPQI

https://www.youtube.com/watch?v=MVI7Jm_abrg


If you trading timeframe M15 than look currency strength meter at H1...

If you trading timeframe H1 than look currency strength meter at H4... And so on.

You should buy strong currency (Currency Strength Meter 60+) and sell weak currency (Currency Strength Meter 40-). 

Also if you have your own strategy you can back-test. Find winning trades on history data and setup CSM to this date and look what are CSM values were at that time. Do this at least 10-20 times. Calculate average value. And when you want to take a trade look to CSM if it shows about same value you should take a trade if not skip this trade. If you will do this your win rate must increase. 

If you want to use history data you should enable "Display history line" on property page. Thus you can see history line. Move it to view CSM data at this history.

When you find the best CMS values according to you strategy you can config notifications. Thus you will be notified when market will have such conditions.


ALEKSANDR SHUKALOVICH  

How to know how is the system determine the "Tradable Pairs"?

Tradable Pairs are calculated by formula, which can be changed at any time.

Default combined formula is D:H1:15;D:H4:20;D:D1:15;L:H1:50:50;L:H4:50:50;L:D1:50:50

Let's describe each specified formula one by one separately:

D:H1:15 - Difference between strong and weak currencies at least 15 points at H1 timeframe
D:H4:20 - Difference between strong and weak currencies at least 20 points at H4 timeframe
D:D1:15 - Difference between strong and weak currencies at least 15 points at D1 timeframe
L:H1:50:50 - Weak currency below 50 level and strong currency above 50 level at H1 timeframe
L:H4:50:50 - Weak currency below 50 level and strong currency above 50 level at H4 timeframe
L:D1:50:50 - Weak currency below 50 level and strong currency above 50 level at D1 timeframe

You can changed it as you want.


Tradable Pairs properties



And as always:

Take profit!
ALEKSANDR SHUKALOVICH  
First of all thanks for using of this indicator. I hope it will help you to take profit more frequently.

Answers for your questions:

1. So, could you explain me for more detail about your indicator? For example: The rule and the method which used by indicator... by RSI, by…etc?

Watch this video to know how to use Currency Strength Meter: 
    * https://www.youtube.com/watch?v=cnYUb2VOPQI
    * https://www.youtube.com/watch?v=MVI7Jm_abrg
First of all it was designed to use Adam's Khoo strategies, and also I extend it with different algorithms (by default its RSI).
Also my suggestion is to combine CSM with your strategies. You should find the bests setups according to your strategies at history data. Use history line in CSM to target it to founded strategy setup and then you should collect data from CMS. Do this for 10-20 strategy setups. In that way you have good statistical data for your strategies with CSM. Analyse your statistics to get knowledge which CSM values is the best to your strategy. And at the future as you'll see  potential entry setup watch to CMS. It should have about the same values as in your statistic. If so take this trade if not skip this entry setup and go to find new entry setups.

2. And how about the Activations left: 5 of 5? It will be followed by my MQL5 account or my computer?

Here what MQL says about this:

"During the activation, your software product is bound to the buyer's hardware, so that the copy of the application cannot work on another PC. The application should be re-activated and downloaded again in order to launch it on another computer. This mechanism is designed to protect your application from unauthorized copying. If the activation limit is exceeded, the buyer will have to purchase the product again."

As I understand activation count is number of different computers where your can run indicator.

3. Finally, Please help me if I have issue when using the indicator and notice to customer as me if you have new version!

As I'll develop new version of indicator you'll get notification from MQL in this MQL messenger (messenger where you are reading this message).

Also you can add me to your friends and you will be able to get notifications from all of my activities at MQL portal.


If you find any problems, bugs or ideas how to improve this indicator please let me know. And I'll make new updates.

Thanks and   Take profit!
norman_su212  

Hello, 

    Is it possible to give a version that base currency and quote currency lines different from other currency's line? So that we can see the trend clearly. Thanks!!!

ALEKSANDR SHUKALOVICH  
norman_su212:

Hello, 

    Is it possible to give a version that base currency and quote currency lines different from other currency's line? So that we can see the trend clearly. Thanks!!!


Hello, you mean make lines for current chart different from other lines?

norman_su212  
ALEKSANDR SHUKALOVICH:


Hello, you mean make lines for current chart different from other lines?

yes. for example base and quote currency's line could be solid line. other currency's line could be dotted line. Thanks!!! Sorry for late reply!!!

ALEKSANDR SHUKALOVICH  
norman_su212:

yes. for example base and quote currency's line could be solid line. other currency's line could be dotted line. Thanks!!! Sorry for late reply!!!


Hello, yes it's possible to do. I'll add this feature to my next version.

norman_su212  
ALEKSANDR SHUKALOVICH:


Hello, yes it's possible to do. I'll add this feature to my next version.

Thanks!!!

ALEKSANDR SHUKALOVICH  

New Version 1.10 of  Currency Strength Meter Pro for MT5 includes list of improvements:

   1) Added auto detection of symbols suffix.


   2) Restore dashboard state when change chart symbol, timeframe, reconnection to the server and changing indicator properties.

   3) Added highlighting of graph lines for current chart instruments.


   4) Added scale ration parameter for RSI algorithm.

   5) Fixed showing of graph lines if selected "Chart Symbols" for "Symbol Type" property.


Take profit!

ALEKSANDR SHUKALOVICH  

Watch this instruction to get know how to install MT4 indicator or Experts from market on MacOS:




Take profit!
Omid Goodarzi  

Hi Aleksandr, just purchased the indicator and

-  I wish placing the dashboard in the main chart window and turning off the graph was an option.

- It looks like graph timeframe must always set to ‘current’, otherwise it does not show the correct value.

- I believe it would be much better if the ‘tradable pairs table’ could contain more columns for different timeframes.


Thanks

Regards
ALEKSANDR SHUKALOVICH  
Omid Goodarzi:

Hi Aleksandr, just purchased the indicator and

-  I wish placing the dashboard in the main chart window and turning off the graph was an option.

- It looks like graph timeframe must always set to ‘current’, otherwise it does not show the correct value.

- I believe it would be much better if the ‘tradable pairs table’ could contain more columns for different timeframes.


Thanks

Regards

Hi, 


1.  I believe it would be much better if the ‘tradable pairs table’ could contain more columns for different timeframes.

Ok, This feature I will be able to add (Good idea).

2. It looks like graph timeframe must always set to ‘current’, otherwise it does not show the correct value.

 I have checked it on my terminal and everything is working fine. Can yo make a screenshot or record a video please.

3.  I wish placing the dashboard in the main chart window and turning off the graph was an option.

About this feature I'm not sure. For that purpose there is a different indicator. I'll think about it.

Omid Goodarzi  
ALEKSANDR SHUKALOVICH:

Hi, 


1.  I believe it would be much better if the ‘tradable pairs table’ could contain more columns for different timeframes.

Ok, This feature I will be able to add (Good idea).

2. It looks like graph timeframe must always set to ‘current’, otherwise it does not show the correct value.

 I have checked it on my terminal and everything is working fine. Can yo make a screenshot or record a video please.

3.  I wish placing the dashboard in the main chart window and turning off the graph was an option.

About this feature I'm not sure. For that purpose there is a different indicator. I'll think about it.

I just sent you the screenshots.

Thank you

ALEKSANDR SHUKALOVICH  
New update for Currency Strength Meter Pro for MT5 version 2.00 has been released.
Update changes:
    * Added high resolution screens support (4K);
    * Added User Interface (UI) scaling and Font scaling;
    * Added support of strength identification for Gold;
    * Added expression based tables columns visibility, It allows to customize tables columns;
    * Added possibility to get notification once N period candle is closed;
    * Added expression based notification for levels crossing, which allows to get notifications when there is a cross on many different timeframes all at once;
    * Added averaging CSM values for different timeframe for tradable pairs finder;
    * Added support for all timeframes (M1,M2,M3,M4,M5,M6,M10,M12,M15,M20,M30,H1,H2,H3,H4,H6,H8,H12,D1,W1,MN1,Current);
    * Added new Currencies Strength State Notification which shows strength of all currencies as N period candle is closed;
    * Added averaging CSM values for Currencies Strength State Notification;
    * Improved history data loading. It allows to show indicator data more faster if history data is missed;
    * Improved logging at notifications area;
    * Fixed delay of dashboard data updating after timeframe switching;
    * Fixed updating indicator data when market is closed, when there is not any ticks;
    * Fixed not sending of notifications on some conditions;

    * Fixed typo mistakes;

Watch demo video of current update:




Take profit!
ALEKSANDR SHUKALOVICH  
New update for Currency Strength Meter Pro for MT5 version 2.02 has been released
Update changes:
* Added possibility to add dashboard window to chart main window;
ALEKSANDR SHUKALOVICH  
New update for Currency Strength Meter Pro for MT5 version 2.03 has been released.
Update changes:
* Added possibility to use multiple tradable pairs finders;
* Added tradable pairs state to Currency Strength State Notification;
* Added possibility to change visible rows count for tradable pairs table;

Tradable Pairs

Notification

Rows Count


Take profit!
Emmanuel Monday Inyang  
Emmanuel Monday Inyang:

The graph is covering the reading. How could I adjust this? 

Please help.


Regards,

Emmanuel

Resolved.


Thanks

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