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WS Currency Strength MT5

Have you ever wondered which currency is moving a pair?
For instance, if you see EURUSD go up, then is it because the EUR is getting stronger or because the USD is getting weaker?
Well, this nifty little indicator will tell you in a blink of an eye!

The indicator shows the relative strength of eight major currencies by comparing each currency with all the other ones, and presents the result in an easy to interpret graphical way.
Alerts, Notifications and Emails can be set on a range of scenarios. (see settings)
Also, if only 2 currencies are selected, a button to open a chart of that pair can be displayed.
This is a very convenient feature because now you won't have to go through the pairs list to find this pair.

The currencies are: EUR, USD, GBP, JPY, CHF, AUD, CAD and NZD.

Settings

  • Number of Bars : how many bars to calculate and show. Default is 500.
  • Pairs Prefix : if your pairs have any prefix, enter it here. Example x.EURUSD --> enter "x."
  • Pairs Suffix : if your pairs have any suffix, enter it here. Example EURUSD.m --> enter ".m"
  • Show "Open Chart" button : if only 2 currencies are selected, a button to open a chart of that pair will be displayed.
  • Initial Selection: (drop down list)
    • Reset to Default: will load the below DEFAULT Selections.
    • Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
    • Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.

     DEFAULT Selections

  • Select Time Frame
  • Default Period
  • Select EUR
  • Select USD
  • Select GBP
  • Select JPY
  • Select CHF
  • Select AUD
  • Select CAD
  • Select NZD

      ALERTS

  • Alerts, Notifications and Emails :  ENABLED/DISABLED --> ENABLES or DISABLES  all Alerts, Notifications and Emails.
  • Show Alert : YES/NO
  • Send Notification : YES/NO
  • Send Email : YES/NO

      Next settings repeat for all eight currencies:

  • Only When Selected : YES/NO --> If YES then only alerts if the currency is selected with the Checkbox.  If NO, checked or not checked doesn't matter.
  • EUR Alert Settings : All OFF/All ON/Use Below --> for below 8 settings.
  • Crossing Oversold from Below : YES/NO
  • Crossing Oversold from Above : YES/NO
  • Crossing 50 from Below : YES/NO
  • Crossing 50 from Above : YES/NO
  • Crossing Overbought from Below : YES/NO
  • Crossing Overbought from Above : YES/NO
  • Crossing Other Curr from Below : YES/NO --> Only if that other currency is selected!
  • Crossing Other Curr from Above : YES/NO --> Only if that other currency is selected!

     COLORS & STYLES

  • Color EUR
  • Line Width EUR
  • Color USD
  • Line Width USD
  • Color GBP
  • Line Width GBP
  • Color JPY
  • Line Width JPY
  • Color CHF
  • Line Width CHF
  • Color AUD
  • Line Width AUD
  • Color CAD
  • Line Width CAD
  • Color NZD
  • Line Width NZD


How to Use and Requirements

The indicator can be applied to any instrument.

If necessary, it will first automatically download all the required pairs' history.

You can follow its progress on that in the Experts tab of your terminal.

Remarks:

  • The Time Frame selector doesn't work in the Strategy Tester!
  • If not all history was available when the indicator was applied for the first time, it can be that there is no indication.
    If that's the case, simply remove and apply the indicator again and it should be just fine.
  • Sending Notifications and Emails has to be configured in the Trading Platform as well and Events has to be enabled for the Alert.
    Go to Tools/Options/Notifications (or Email or Events) tab.
    If you need help with that then click Help on those tabs or hit F1.

If there is no history for some of the required pairs to calculate (or pair is not available), then the affected currencies will be disabled! (see the screenshots)

Needed pairs:

  • EURUSD, EURJPY, EURGBP, EURCHF, EURAUD, EURCAD, EURNZD
  • USDJPY, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD
  • GBPAUD, GBPCHF, GBPCAD, GBPJPY, GBPNZD
  • AUDJPY, CHFJPY, CADJPY, NZDJPY
  • AUDCHF, CADCHF, NZDCHF
  • AUDNZD, AUDCAD
  • NZDCAD

And finally the pair on which you will apply the indicator.


It is possible to generate a signal in your EA.

You can read the 8 indicator buffers (0 to 7):

  • EUR = Line Index 0
  • USD = Line Index 1
  • GBP = Line Index 2
  • JPY = Line Index 3
  • CHF = Line Index 4
  • AUD = Line Index 5
  • CAD = Line Index 6
  • NZD = Line Index 7



For further details, please see the Screenshots tab.
I am always available for support.

Many green pips!

Walter


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⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? USER MANUAL: click here The SPECIAL: Arrows in sub-window to show strong currency moment
128 USD
VTrende
Andrey Dyachenko
VTrende - MTF indicator for trend trading with a display panel for MT5 Although the signals of the VTrende indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. The main task of the indicator - is to determine the points of change in the direction of the trend. The indicator signal appears in two versions: Advance - when the trend ends To be continued - when the trend is already on The indicator sho
497 USD
Meta Trend
Ehsan Tarakemeh
Meta Trend Indicator  is the most efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor. Click here for
99 USD
PZ Harmonacci Patterns MT5
Arturo Lopez Perez
Este é sem dúvida o indicador de reconhecimento automático de formação de preço harmônico mais completo que você pode encontrar para a MetaTrader Platform. Ele detecta 19 padrões diferentes, leva as projeções de Fibonacci tão a sério quanto você, exibe a Zona de Reversão Potencial (PRZ) e encontra níveis adequados de stop loss e take-profit. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Detecta 19 formações harmônicas de preços diferentes Tr
399 USD
RadarPriceActionMT5
Roman Lipatov
Эта панель предназначена для быстрого визуального поиска паттернов "price action" по нескольким торговым инструментам одновременно. Есть возможность добавлять и удалять торговые инструменты. По клику на сигнальную кнопку осуществляется быстрый переход на график с данным паттерном и таймфреймом. Панель ищет 8 свечных паттернов: PIN-BAR, EXTERNAL BAR, INSIDE BAR, DOJI, LEVEL, HIGH/LOW OF N BAR, FAKEY, ONE-WAY N BAR. Отключение любого из паттернов осуществляется кликом по его заголовку. Также имеет
75 USD
LT Easy Market
Thiago Duarte
Easy Market torna o mercado mais fácil de operar. Ele te proporciona ver um mercado "eternamente" lateral (sem tendência), tornando extremamente fácil ver quando o preço está sobre comprado ou sobre vendido. Tanto quem gosta de operar tendência quanto mercado consolidado irá gostar do Easy Market. Você pode usá-lo como uma janela auxiliar (em baixo do gráfico) ou em modo tela cheia. Veja as capturas de tela e note como ele te dá entradas precisas! Versão de demonstração:   https://www.mql5.com/p
50 USD
PipTick VSA MT5
Michal Jurnik
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience. What is VSA? VSA - Volume Spread An
97 USD
Naked Forex Tweezer Pro Indicator for MT5
Renaud Candel
Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Tweezer Pro version let users
177 USD
Aggression On Bars
Flavio Jarabeck
Imagine a Buy and Sell Pressure monitor on your chart that shows in REAL-TIME this data, bar by bar? Well, imagine no more. We present you an exclusive creation of Minions Labs : Aggression On Bars indicator. On every new bar on you chart this indicator will start counting in real-time the BUY/SELL pressure and present this data statistics directly inside your chart. As soon as a new bar is created in your chart, the counter restarts. Simple and effective. Just watch the video to see it running
60 USD
PipFinite Binary Options PRO MT5
Karlo Wilson Vendiola
This LEGIT Indicator Can Accurately Predict the Outcome of One Bar. Imagine adding more filters to further increase your probability! Unlike other products, Binary Options PRO can analyze past signals giving you the statistical edge. How Increase Your Probability Information revealed here ► www.mql5.com/en/blogs/post/727038 NOTE: The selection of a Good Broker is important for the overall success in trading Binary Options. Benefits You Get Unique algorithm that anticipates price weaknes
98 USD
MA Trend Scanner MT5
Mahan Movaghar
Moving Average Trend Scanner is a multi symbol multi timeframe trend dashboard that helps traders to monitor, and identify potential market trends from one chart. This panel scans 3 moving averages in 28 configurable instruments and 9 timeframes for moving average alignment and moving average crossover. MA Trend Scanner features: Customizable short-term, medium-term, and long-term MAs. All 21 MT5 timeframes support. Option to filter signals based on a minimum distance between moving averag
50 USD
LT Exaustion Oscillator
Thiago Duarte
Como o próprio nome já diz, este é um oscilador de exaustão. Porém, talvez você se pergunte: o que o difere de outros osciladores como RSI, Stocástico, CCI etc? A diferença é que o nosso é mais poderoso e preciso! Nosso oscilador filtra o ruído causado por outros osciladores, e te mostra somente o momento exato de entrar na operação. Claro que utilizá-lo sozinho, como qualquer outro indicador, tem seus riscos. O ideal é conciliá-lo com análise técnica e/ou outros indicadores. Emissor de sinais p
50 USD
TrueSR Multi TF Support Resistance alert and panel
Behzad Movaghar
TrueSR indicator is a multi-timeframe panel and alert that finds nested support and resistance zones for all timeframes and gives alert when price has interaction with those zones. If you are using support and resistance (or supply and demand) zones in your trading strategy, this indicator and its alert and filtering system is a big time saver for you. Also doesn't matter what is your trading strategy, this indicator helps you to not caught in support and resistance zones. Indicator shows if pri
120 USD
Supply and demand
Evgeny Raspaev
Индикатор показывает спрос и предложение вырожденные через тиковый объем.  Красная линия - линия предложения. Синяя линия - линия спроса. Зеленая линия - линия общего объема Типичные ситуации показаний индикатора: красная выше синей - предложение выше спроса - цена падает. синяя выше красной - спрос выше предложения - цена растет. красная и синяя линии стремится вниз, но синяя выше красной - преобладает спрос, цена стремится подняться,но волатильность снижается. красная и синяя линии стремитс
50 USD
Harmonic Pattern Plus MT5
Young Ho Seo
Introduction Harmonic Patterns are best used to predict potential turning point. Hence, Harmonic Patterns are the sub patterns of turning point patterns. Traditionally, Harmonic Pattern was identified manually connecting extreme points in charts. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automat
98 USD
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Versão 4.4 2020.06.09
- recompiled on request of mql5.com
Versão 4.3 2020.06.02
- repositioned info messages
Versão 4.2 2020.05.20
- improved downloading of history
Versão 4.1 2020.02.03
Added: Show "Open Chart" button
Versão 4.0 2019.10.30
Bug fix: period not correct (0) when setting "Initial Selection" = Synchronize with Pair and TF
Versão 3.9 2019.10.24
- Added settings for default selections:
Select Time Frame
Default Period
Select EUR
Select USD
Select GBP
Select JPY
Select CHF
Select AUD
Select CAD
Select NZD

So "Reset to Default" on "Initial Selection" drop down list will load the above settings.

- Fixed indicator not loading on platform restart.
Versão 3.8 2019.10.14
Replaced setting "Synchronize with Pair and TF" with "Initial Selection".

Initial Selection: (drop down list)
- Reset to Default: No currencies selected, Time Frame = H1, Period = 10.
- Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
- Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.
Versão 3.7 2019.09.25
- Added setting "Synchronize with Pair and TF".
The currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
Versão 3.6 2019.04.08
Changed setting "Number of Bars" to 500
Versão 3.5 2019.01.10
Added settings for COLORS & STYLES
Versão 3.4 2019.01.03
Added Alerts