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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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Comentários 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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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Filtro:
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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