Currency Power Index MT5
- Indicadores
- Versão: 1.30
- Atualizado: 2 setembro 2026
Currency Power Index MT5 — All 8 Currencies in One Window
Currency Power Index MT5 calculates and displays the relative strength of 8 major currencies (EUR, USD, GBP, JPY, CHF, AUD, NZD, CAD) by analyzing all 28 cross pairs simultaneously. See at a glance which currency is strengthening and which is weakening right on your chart.
Key Features
- 28 Forex Pairs Analyzed — Every possible combination of the 8 major currencies.
- Two Reference Modes:
- Period Mode — Strength relative to N bars back (dynamic, follows price).
- Start Date Mode — Strength relative to a fixed date (ideal for session or weekly analysis).
- Currency Display Toggle — On-chart button to instantly switch between viewing all 8 currencies or only the two belonging to the current symbol.
- MA Smoothing — Optional Moving Average filter (SMA, EMA, SMMA, LWMA) with adjustable period to reduce noise.
- Auto Suffix Detection — Works with any broker, automatically detects symbol suffixes (e.g. EURUSD.m, EURUSDpro).
- Sorted Labels — Real-time overlay showing all currencies ranked by strength with percentage values.
- Optimized Performance — Bulk data loading (single CopyClose per pair), minimal CPU impact even on M1.
- Works on all timeframes from M1 to MN.
- No DLL required.
Parameters
Main Settings:
- Reference Mode — Period (N bars back) or Start Date (fixed point in time).
- Lookback Period — Number of bars for comparison (default: 10). Used in Period mode.
- Start Date — Fixed reference date. Used in Start Date mode.
- Show Only Chart Currencies — Toggle to limit the displayed lines to the current symbol's currencies.
- Symbol Suffix — Leave empty for auto-detection, or set manually (e.g. ".m", "pro").
- Show Labels — Enable or disable the ranked currency labels on the chart.
MA Smoothing:
- MA Period — 0 = no smoothing (raw values), any value > 1 applies the selected MA.
- MA Method — SMA, EMA, SMMA or LWMA.
How It Works
For each bar, the indicator computes the percentage change of every currency relative to the reference point. Each currency participates in exactly 7 pairs out of the 28. The final strength value is the average across all valid pairs. Positive values indicate appreciation, negative indicate depreciation.
Interpretation & Chart Analysis
- Relative Strength Display — Allows visual comparison between currencies that are outperforming or underperforming relative to the selected reference point.
- Divergence & Convergence Visualization — Helps traders identify when currencies are moving apart or converging on the chart.
- Session & Multi-timeframe Analysis — Enables tracking of currency movements relative to a fixed start date or across different chart timeframes.
Color Scheme
EUR (Blue), USD (Black), GBP (Red), JPY (Orange), CHF (DarkOrchid), AUD (Magenta), NZD (LimeGreen), CAD (Chocolate).
Requirements
- MetaTrader 5 platform.
- Broker providing standard 28 Forex pairs (unavailable pairs are automatically skipped).
Recommended Settings
- Scalping / Intraday: Period 5–10, Timeframe M15–H1, MA 0 (no smoothing).
- Swing Trading: Period 10–20, Timeframe H4–D1, MA 3–5 (SMA or EMA).
- Session Strength: Start Date mode set to today's session open.
For technical questions or further information, please contact me via my MQL5 Profile.
