Universal Currency Power
- Indicadores
-
Lev Vladimirovic Marushkin
**About Me**
I’m a professional trader with over 20 years of experience — but the road here was anything but easy. Like most, I spent years struggling, making every mistake in the book. I searched relentlessly for the "holy grail" of trading, only to realize: there is none. - Versão: 1.71
- Ativações: 15
Before You Buy the Ferrari, Check the Fuel.
I have traded for more than 20 years. Universal Currency Power brings my approach to reading currency strength and remaining trend potential onto your MetaTrader 4 chart.
To my knowledge, it is the ONLY MT4 currency power indicator that combines a strength reading with this view of how much directional “fuel” may remain.
The Difference That Matters. All the other currency strength meters I know give me a picture of which currencies are strong, weak or neutral. My reason for creating Universal Currency Power was to bring another question into that picture: how much more could the move have to give?
Seeing strength gets your attention. Assessing the fuel helps you decide what to do with that information.
A Ferrari Can Still Have an Almost Empty Tank. Imagine one currency looks like a basic $500 car and another looks like a Ferrari. Naturally, the Ferrari attracts your attention.
Now imagine that Ferrari travelling from New York to Colorado. It has already completed 35% of the journey. Will it reach 50%? 75%? Colorado?
Its power and price tag cannot answer that. You need to look at the fuel left in the tank.
A currency can look very strong after a major advance. Buying that strength can still mean buying near the top. The strength label alone does not tell you how much of the move may remain.
That is the question behind Universal Currency Power.
The Numbers Are My Fuel Reading. My interpretation comes from years of testing in real markets: the greater the power reading in the direction of the move, the higher the estimated probability of continuation in that direction.
I use the numbers as an assessment of remaining directional fuel and trend potential. A larger reading suggests more fuel behind the move; a smaller reading suggests less.
For positive readings, that means moving further above zero. For negative readings, it means moving further below zero. +12 shows more positive power than +3; -12 shows more negative power than -3.
This is why I look beyond the words “strong” and “weak.” The size of the reading is central to how I assess the continuation opportunity.
USD Is Strong. CAD Is Weak. Now Look at the Fuel. Suppose USD shows +10 and +12, while CAD shows -3 and -3 on the same timeframe.
Through my fuel interpretation, USD shows substantially more potential behind its upward direction than CAD shows behind its downward direction. Both currencies have a direction, but the indicated fuel is very different.
That gives you another way to assess the pair. Compare P1 and P2, check the other timeframes, and look for agreement behind your trading idea.
The Currency Picture, Together.
-
Eight currencies: EUR, USD, GBP, JPY, CHF, CAD, AUD and NZD.
-
Seven timeframes: M1, M5, M15, M30, H1, H4 and D1.
-
Two readings per currency and timeframe: 112 power readings covering 28 Forex pairs.
Colour-coded values and the Power Scale make the dashboard easy to scan. Adjust its position, size, fonts and colours to fit your trading workspace.
Getting Started. Attach Universal Currency Power to one active Forex chart in desktop MetaTrader 4. Your broker must provide all 28 pair combinations of the supported currencies, with at least 1,500 historical candles for every pair on every supported timeframe, including D1.
If required history is missing, the indicator displays “Please Download Historical Data and Restart MT4.” Load the required data and restart the terminal. Support is available through MQL5 messages and the product comments.
Before you buy the Ferrari, check the fuel.
Universal Currency Power. Look at the strength. Read the fuel. Assess what may come next.
