Hey Chima,

is your indi fast and accurate in Timeframes M1 and M5 ??? Or is it just working in M15 and higher Timeframes?

Hi omega6, 

The indicator will be most useful for intra-day trading (M1 to H1) as it pulls the strength data off price action on the Daily timeframe.

So it's meant to give the day trader confidence on what side of the market to trade within the day. 

Hey Chima,

thanks for your quick reply.

Please don t get me wrong, but wouldn t it be better to make the display way smaller (to big for smaller screens) by

deleting all "index" (currency is info enough) and making the squares smaller and reduce everything possible?

It would also be very nice to be able to choose the corner in which the indi is displayed as it takes a lot of space even if you can make it smaller. What do you think? As I said, don t get it wrong.

Best Regards 

Hi omega6,

your comments are welcomed.

I will probably remove the 'Index' text as suggested. However, I'm not sure I want to reduce the text/bar sizes smaller as I tried to maintain the same text size as is typical on the MT4 chart display. If I make it smaller, then most folks will find it hard to recognize.

There is actually no need to open the indicator on several charts. One chart will be fine, then you can take your trades on other charts without needing to run the indicator again. It's always good house-keeping to run fewer indicators and it saves on memory use. 

What device are you running your MT4 program on? 

Hi Chima,

yes please remove the "index" text because a dollar index is something defferent as the currency itself as you may know.

(what device are you running...) I use a pc with a 17 inch screen and I like to see as much as possible from the chart and as many others, not unnecessary big or unnecessary things of an indi. Again, don t get it wrong.

So I guess when you removed some stuff you put in here new screenshots to make us see how clear it is? And did you think about my suggestion to make the corner of the indi displayed in the chart possible to choose?

Maybe you can tell some more about the differenz between your currency strength indi to so many others, not realy helpful indis out there, for us scalpers.... (we are all looking for a highspeed and high accurate strenght indi) that way you will sell your indi like crazy, thats for sure....

Best Regards 

Hi omega6,

Thanks for your comments.

I did modify the text to show only the currencies, but the indicator actually reflects an Index of each currency. 

Sorry, that's the only change I have made to the indicator outside optimising the program to improve consideration of current price action. 

On differences with other indicators, I'm afraid I cannot tell how/what other programmers have included into their system, so I will have to pass on the comparison. 

What I can stand by is what I have programmed which is a clear indication of each currency's strength relative to the other 7 currencies. I hope you have used the demo version for these few days and can see how effective it has been in reflecting the strength of each currency.

Let me know how you get on.

Cheers  

Hi Chima,

just bought your indi and aktivated it. Thank you for making some changes. Well I can compare it now to some other strenghties and I let you know what I will find out.

If you don t mind, could you please move the giant "Copyright: Chima Nwokoro" maybe right below "todays date" or remove it?

That would be nice. Here is why...

As you said, I made a seperate template and where the giant letters of your Copyright are now, is a unchangebable, important indi and I can t see all of the details of it. 

Did I understand your video about 5tt right? Look at the indi at the start of the day and trade that way you explained? Or is the indi flexible and accurate during the day. Like changes after every hour or shorter periods of time??? To be able to scalp the M5 and M15 moves, you know?

And if so, will you programm alerts in the future for updates of the indi? (4 squares weak vs 4 squares strong currencies)

Best Regards 

Oh by the way, I loaded your  very, very intersting Erxgen Filter. Worked as long mt4 was on, but after some hours restart, it shows absolutely not what it supposed to show... a whole day (the one in the middle) is missing... and next tokyo session is to see in future (huge range) tried to restart, give the indi a new ok, nothing helped, could you please check what the problem could be and let me know? Or maybe I did something wrong.

Hi omega6,

Thanks for your custom. I will be interested to see your feedback and possibly a positive review :)

Unfortunately, I am not able to move 'My Signature' label. I have found that it's current position works for most people using my works. I do have several other programs & EA's that are not released for the public, but for a few of my private clients. It's one of those things that I may not be willing to change at this time. But, you know what? You never say never! But not now :)

Yes please follow the instruction in the video on how to use the 5TT currency strength indicator. The indicator has the ability to consider current price action as it is happening across 28 currency pairs and then translates it into the visual bars either increasing or decreasing and the relative strength percentage either increasing or decreasing.

On Alerts, may be in the future. Let me see what other users think about it.

On the ERXGen Filter, I do get similar requests from many users. Close to 100% of the time, it is due to inaccurate settings that things don't show correctly. Please do a screenshot of your settings and comments like the two attached images and that will help me understand your specific issues.

Thanks and happy trading. Be careful today using any systems due to News Events coming out of the UK at 11:30 and out of the US at 13:30. Those could rapidly change price action.

Hi Phawit Nilnetr,

Please explain what isn't working and I will be able to support.

Thanks

Trade Review Tuesday 12th May 2015 showing 5TT Currency Strength Indicator

Excellent pointed refection by the 5TT Currency Strength Indicator

Japan cabinet officials were unenthused by the latest selloff in JPY amid the rampant buying of the US currency. Chief cabinet Sec Suga reiterated excessive volatility in FX is not desirable, but the pace of Yen weakness does not yet justify much concern. BOJ Dep Gov Iwata also offered some upbeat remarks on the economy, noting virtuous cycle is working and inflation will accelerate gradually. Iwata added that the downward pressure from oil prices will start to dissipate in H2 of this year. Recall the recent Nikkei feature speculated that BOJ Gov Kuroda raised overall economic assessment to forestall concern once inflation turns negative in the summer months. BOJ minutes from Apr 30th meeting unveiled today saw many members express confidence that easing will persist until 2% inflation is target. Note that meeting featured the formal revision of achieving 2% inflation target at a later date of H1 of 2016.

Down under, Australian construction work contracted for the 6th straight quarter and at a faster pace. Engineering component that includes mines saw the most pronounced decline of 20% after a 1% drop in Q4. In New Zealand, NZIER speculated the sharp rise in Auckland property markets would make it too difficult for the RBNZ to announce more easing despite the macroprudential measures taken by the central bank at its last decision.

In FX, USD majors consolidated greenback gains. EUR/USD traded just above 1.0880, USD/JPY remained just above 123, and AUD/USD traded in a 30pip range below 0.7760. 

https://www.mql5.com/en/charts/3551773/xauusd-m15-banca-credinvest-sa

could you believe this indicator?????

see the values of euro and usd ....!!!!!!

it's incredible wrong.....

I WANT MY MONEY BACK.......INMEDIATELY. 

Hi pepecameroni, I have just picked up your message. It's a shame to see that you misunderstand the the make up of the indicator.

The indicator shows short-term to medium term strength of individual currencies over a 3-4 day period. As you know news events can increase volatility in a very short space of time, but that may not be a clear indication of the strength of a currency.

See attached

You will see in all the currency pairs taking a view over the past three days, EUR has been ranging on all pairs, but in the last few hours it has gained some strength, but not yet enough to suddenly claim it is strong. I will see what price action we get tomorrow and across other pairs, then one can claim whether the EUR is strong or not. 

The USD is still showing some strength, but is likely to weaken following the statement this afternoon at the mid-session update on the New York Trading Session

"The G7 meeting has wrapped up with lots of headlines, some rumors and President Obama's press conference. Overnight a French official was quoted as saying Obama told fellow G7 leaders that the strong dollar is a problem, drawing a swift rebuttal from US officials. G7 members said they were prepared to implement more restrictive measures to boost costs to Russia for its actions in Ukraine and talked about speeding up trade talks. EUR/USD has gained a big figure, rising to 1.1206 from 1.1100 over the last 12 hours." 

Tomorrow will reflect the market sentiment on all currencies.

BS......I WANT MY MONEY BACK.

THIS IS A HOAX. 

you are a liar.........

I WANT MY MONEY BACK .

Hey pepecameroni,

I won't condescend to insults.

What's your paypal email address. I will have the money refunded to you.

I do see you lack the fundamental knowledge and skill to trade.

My suggestion will be for you to spend some money on your education first before trading.

Either way, I wish you the best in your pursuits. 

What a day of great results. 

The 5TT Currency Strength Indicator showed GBP to be the strongest currency amongst the other 7 currencies. A long position this morning on any of the GBP pairs would have been an awesome trade. See photo of 3 GBP pairs from today