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Advanced Currency Meter MT5

4.6

More About Advanced Currency Meter

Every good forex system has the following basic components:

  1. Ability to recognize the trend direction.
  2. Ability to identify the strength of the trend and answer the basic question
    • Is the market trending or is it in a range?
  3. Ability to identify safe entry points that will give a perfect risk to reward (RR) ratio on every position.

How Advanced Currency Meter Helps you Achieve These Components

Advanced Currency Meter is a tool that measures the strength between individual currencies in a pair. Advanced Currency Meter goes further in employing Moving Average and ADX indicators to confirm the strength of a pair, identify the trend and identify the stage of the trend.


What is the direction of the trend

With Advanced Currency Meter, you can easily view the direction of the trend for all currency pairs in one window. It has two basic panels: one of the panels contains the strength of different currencies and the other shows the trend and strength of the currency pairs. When ever the arrow is UP, this is an indication of buy trend and when ever the arrow is DOWN, this is an indication of a down trend.


What is the strength of the trend

With Advanced Currency Meter, you can easily ascertain the strength of a trend even if you are a novice. When ever a currency pair is trending, an arrow is displayed to indicate the trend direction. When ever a currency is in a range, the arrow is deleted to indicate that there is no direction.


Where do i enter the trend to have a good Risk Reward Ratio

With Advanced Currency Meter, you can easily ascertain the best entry points in a trend. Whenever the difference in strength (off-set) between two currencies in a pair is greater than 4.0, this is strong indication to enter the trend. At this stage the market is likely to move in only one direction for a while thus this a strong indicator for entry points


Simplicity

One good attribute of the Advanced Currency Meter is its simple view. No complicated trend lines, channels, arrows etc... Just numbers that even a 10 year old can read.

Inputs

  • Impulse TimeFrame : Time frame for impulse meter calculations.
  • symbol_prefix: symbol prefix
  • symbol_suffix: symbol suffix
  • Currency Strength Dashboard color : currency strength panel color
  • Currency Stregth Text Color : currency strength panel texts
  • Trend Strength Text Color : Trend strength panel texts 

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Recensioni 6
amcq2001
29
amcq2001 2024.02.07 01:02 
 

Thks for the quality of the tools

Truta Petru Lucian
263
Truta Petru Lucian 2023.04.17 11:40 
 

very good indicator

August665
85
August665 2022.10.26 09:51 
 

Very good Indicator

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MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
TPSproTREND PrO MT5
Roman Podpora
5 (5)
TPSpro TRENDPRO  - is a trend indicator that automatically analyzes the market and provides information about the trend and each of its changes, as well as giving signals for entering trades without redrawing! The indicator uses each candle, analyzing them separately. referring to different impulses - up or down impulse. Exact entry points into transactions for currencies, crypto, metals, stocks, indices!  -  Version MT4                  DETAILED DESCRIPTION        /       TRADING SETUPS       
Disegna automaticamente i livelli di supporto e resistenza PIÙ i gap delle candele di propulsione sul vostro grafico, in modo da poter vedere dove il prezzo potrebbe dirigersi successivamente e/o potenzialmente invertire. Questo indicatore è stato progettato per essere utilizzato come parte della metodologia di trading di posizione insegnata sul mio sito web (The Market Structure Trader) e visualizza informazioni chiave per il targeting e le potenziali entrate. MT4 Version:  https://www.mql5.
Golden Spikes Detector
Batsirayi L Marango
5 (1)
Golden Spikes Detector This indicator is based on an advanced strategy primarily for trading spikes on Boom and Crash Indices. Complex algorithms were implemented to detect high probability entries only. It alerts on potential Buy and Sell entries. To trade spikes on the Deriv or Binary broker, only take Buy Boom and Sell Cash alerts. It was optimised to be loaded on 5-minute timeframe although multiple timeframe analysis is done in the background. Features ·             Desktop pop up and sound
Black Dragon indicator mt5
Ramil Minniakhmetov
4.82 (56)
L'indicatore di rilevamento delle tendenze integrerà qualsiasi strategia e può anche essere utilizzato come strumento indipendente. IMPORTANTE! Contattami subito dopo l'acquisto per ricevere istruzioni e un bonus!  Vantaggi Facile da usare, non sovraccarica il grafico con informazioni non necessarie; Possibilità di utilizzo come filtro per qualsiasi strategia; Ha livelli integrati di supporto e resistenza dinamici, che possono essere utilizzati sia per la presa di profitto che per imposta
IX Power MT5
Daniel Stein
5 (2)
IX Power   porta finalmente l'imbattibile precisione di FX Power ai simboli non-Forex. Determina con precisione l'intensità delle tendenze a breve, medio e lungo termine dei vostri indici preferiti, azioni, materie prime, ETF e persino criptovalute. Potete   analizzare tutto ciò che   il vostro terminale ha da offrire. Provatelo e sperimentate come   il vostro tempismo migliori significativamente   durante il trading. Caratteristiche principali di IX Power Risultati di calcolo precisi al
Strong Support mt5
Vasiliy Strukov
5 (9)
I livelli di supporto e resistenza sono stati a lungo uno strumento potente per l'analisi del mercato. L'indicatore di supporto forte costruisce livelli di supporto ai minimi di prezzo locali e livelli di resistenza ai massimi di prezzo locali.  Gli altri miei sviluppi possono essere visualizzati qui Si consiglia di utilizzare insieme a un indicatore di tendenza, ad esempio, Gold Stuff : ciò consentirà di negoziare sulla tendenza e allo stesso tempo determinare le zone di consolidamento o i
Altri dall’autore
This Currency Meter Calculates Strength Using a currency basket of 28 pairs? This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it. This Currency Meter is Multi-timeframe!!! Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe ver
CONGESTION BREAKOUT PRO This indicator scans the breakout of congestion zones . This indicator unlike any other congestion indicator you will find in the market right now,  it uses an advanced algorithm not peculiar to most traditional congestion indicators available today . The advanced algorithm used to define the congestions  is greatly responsible for the high rate real congestion zones and low rate fake congestion zones spotted by this product. UNDERSTANDING CONGESTION Congestion are
Good News ! Advanced Currency Meter is more awesome now ! If you have been a fan of the free version of Advanced Currency Meter then I will implore you not to be discourage because you will soon find that the new paid version is worth every dime. Unlike the free version the new paid version of Advanced Currency Meter now has a newly added panel called the “% Daily Range” . Why A Paid Version Now? We believe you like good things and many who has used Advanced Currency Meter over the years will te
Swing Continuation
Nesimeye Oswald
2.33 (6)
The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with both the price trend flow and currency trend flow. Which means the price action must be supported by the currency st
M W Pattern Pro
Nesimeye Oswald
4.14 (7)
M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hit
Heiken Ashi RSI Oscillator
Nesimeye Oswald
4.88 (8)
This system is an Heiken Ashi system based on RSI calculations . The system is a free open source script originally published on TradingView by JayRogers . We have taken the liberty of converting the pine script to Mq4 indicator . We have also added a new feature which enables to filter signals and reduces noise on the arrow signals. Background HEIKEN ASHI The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow white (or green) candles with no l
FREE
FRM Half Trend
Nesimeye Oswald
5 (1)
The system is a free open source pine script originally published on TradingView by everget   . It was converted to Mt4 by Forex Robot Makers   This system is a  popular trend indicator based on ATR ( Average True Range ) , Moving Averages and the Donchian channel . System BackGround ATR The average true range is an indicator of the price volatility of an asset. It is best used to determine how much an investment's price has been moving in the period being evaluated rather than an indicatio
FREE
Channel Vertex Pro
Nesimeye Oswald
5 (1)
Channel Vertex is a price action pattern formed by price Chanel and a triangle pattern . Price channels basically indicates possible support and resistance zones around a price movement and retracement    or breakout at these levels can indicate possible trend continuation or reversal .  Majority of the times price fluctuations forms triangle patterns defined by 3 vertexes , these triangle patterns most times defines a trend continuation.  A triangle pattern is a trend continuation pattern tha
This free version can only be used for GBPUSD M15 chart . To use on all time frames and pairs , Get Pro Version The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with
FREE
High Volume Turns
Nesimeye Oswald
4.7 (10)
Most of the time, market reversals / pull backs usually follow volume and price spikes thus  these spikes could be the first indication of an exhaustion and possible reversal/pullback. High volume Turns is an indicator that scans the market for price and volume spikes around over-bought/over-sold market conditions. These spikes when spotted serves as the first indication of reversal/pullback. Note :  Though it seems ok now but this is a system that is still under development. We have made it p
FREE
M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hit
Volatility Ratio
Nesimeye Oswald
4.24 (21)
The Volatility Ratio was developed by Jack D. Schwager to identify trading range and signal potential breakouts. The volatility ratio is defined as the current day's true range divided by the true range over a certain number of days N (i.e. N periods). The following formula is used to calculate the volatility ratio: Volatility Ratio (VR) = Today's True Range/True Range over N number of days To calculate the volatility ratio, the true range is calculated using the following formula: Today's True
FREE
Daily Correlated Pairs
Nesimeye Oswald
4.8 (5)
The popular saying in forex  "The Trend is your friend"   has always stood the test of time because it is valid statement for every generation of traders and in every market. Most successful traders do not fight against the trend but lend to flow with it.  Sometimes finding the best pair to trade can be a daunting task even when you have a good strategy . Some strategies works well with trending markets and some don't . So the question is how can you easily spot trending pairs without any hass
FREE
This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system . The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward. PATTERN BACKGROUND The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed ,
Flag Pattern pro is a   Price Action (PA)   analytical tool that scans the   continuation patterns   known as   "Flag and Pennant Patterns"   . Flag and Pennant patterns are continuation patterns characterized by a move in a previous trend direction after a shallow retracement usually below 50% of the original move . Deep retracements can however be sometimes found at the 61.8 % levels. The original move is know as the   flag pole   and the   retracement   is called the flag. Indicator Fun
Note : The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform. Version 1.3 : We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster. This indicator scans the 1-3 Trendline pattern . The indic
Camarilla Pivots Historical
Nesimeye Oswald
4.57 (7)
Camarilla Pivots Historical plots the historical data of the camarilla pivot point levels on the chart. The Camarilla Pivot levels was originated in 1989 by Nick Scott. The levels are used as primary support and resistance levels by Intraday traders. The levels are calculated with the following formula: R4 = C + RANGE * 1.1/2 R3 = C + RANGE * 1.1/4 R2 = C + RANGE * 1.1/6 R1 = C + RANGE * 1.1/12 PP = (HIGH + LOW + CLOSE) / 3 S1 = C - RANGE * 1.1/12 S2 = C - RANGE * 1.1/6 S3 = C - RANGE * 1.1/4 S4
FREE
Mommentum Channel
Nesimeye Oswald
5 (1)
Momentum channel is a simple momentum based system yet with a great degree of accuracy in detecting turning points. The market momentum are defined by Average True Range Channels . When price breaks these channels most times , it is an indication of a shift in market momentum and thus a possible new trend formation. The system can be traded on any time frame and symbol and can also be used to trade commodities and stocks. INPUT MENU ATR_Period :  Average True Range Momentum Period ATRMultip :
FREE
This Currency Meter Calculates Strength Using a currency basket of 28 pairs? This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it. This Currency Meter is Multi-timeframe!!! Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe versi
Ask any successful forex traders the secret of their success and they will tell you that the first key to a successful forex trading is proper trade management. Trade management is what differentiates the rookie from the pro in Forex. While the rookie trades based on emotions and greed, the pro trades based on certain logic and rules . These logic and rules are all embodied in a successful Trade Management System. Advanced Trade Manager is a combination of different trade management systems desi
Pivots Dashboard
Nesimeye Oswald
5 (3)
Pivots Dashboard is the single most complete instruments set for Pivot Points trading currently available in the market. We have done a comprehensive research prior to the product design to make sure that this product meets every need of Pivot Point trading. Pivots Points are significant levels technical analysts can use to determine directional movement and potential support/resistance levels. Pivot Points are thus predictive or leading indicators. While the points were originally used by floor
Volume Strength 28
Nesimeye Oswald
3.75 (8)
Version 1.6 ! Volume Strength 28 is better , easier to use and more awesome ! Based on complaint we got from the reviews, we understood many don't know how to really use the time frame setting on the input menu thus they have complaints of volatility, thus we have designed an Automatic Time Frame selection system that is suitable for novice traders.! The design of the indicator has been changed along with some calculation metrics. Based on complaints of high volatility we have been getting ,we h
Wolfe Scanner Pro
Nesimeye Oswald
3.5 (2)
WOLFE WAVE PATTERNs First discovered by Bille Wolfe . The wolfe wave  is a 5 wave price action pattern that is formed by supply and demand in a market and the fight to reach equilibrium in the market . The entry spot of the pattern is defined by the breakout of the trend created by wave 1 and wave 3 . This pattern forms in any market where there is supply and demand thus it can also be used to trade commodities and stocks. Wolfe Waves are reversal patterns that usually carry a low risk margin. P
Flag Pattern Pro
Nesimeye Oswald
5 (4)
Flag Pattern pro is a   Price Action (PA)   analytical tool that scans the   continuation patterns   known as   "Flag and Pennant Patterns"   . Flag and Pennant patterns are continuation patterns characterized by a move in a previous trend direction after a shallow retracement usually below 50% of the original move . Deep retracements can however be sometimes found at the 61.8 % levels. The original move is know as the   flag pole   and the   retracement   is called the flag.   Indicator Fun
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amcq2001
29
amcq2001 2024.02.07 01:02 
 

Thks for the quality of the tools

johan venter
38
johan venter 2023.11.15 17:30 
 

This is a great tool. The indicators are near accuracy. I am confused though, if USD is highest an JPY is lowest why does it NOT BULL? Unable to rate support as I never used them.

joseverasay
284
joseverasay 2023.06.29 03:15 
 

Muy útil gracias

Alexandru Casian
727
Alexandru Casian 2023.04.21 11:51 
 

I don't understand why it's not possible to backtest it. I mean, it's MT5, unlike MT4 it allows to backtest multi currency indicators, and tbh that's the only reason I tried it. Can't build a strategy if I can't backtest it.

Truta Petru Lucian
263
Truta Petru Lucian 2023.04.17 11:40 
 

very good indicator

August665
85
August665 2022.10.26 09:51 
 

Very good Indicator

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