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Multi Purpose Strength Dashboard

Indicator Dashboard- calculates the strength of all markets , currency pairs , commodities .

IT INDICATED THE EXTREME STRONG AND WEAK REVERSAL POINTS - HIGHLY PROBABLE POINTS OF REVERSAL 

Using a proprietary logic. This data can be used to judge and take decisions whether to buy or sell them.

If the particular market is strong means it is bullish , and also the related pair of that market is strong then it will be highly probable that there will be rise in that . 

Same way if weak will fall.

It also provides the entire global markets view at a glance and also the exact level in weak and strong percentage basis , same way if they are just moving in a tight range then they reflect as RANGE BOUND.

The levels of the strength can be changed from inputs in case required.

So by looking at the highlighted green and red zones of strong and weak, the trades can be taken accordingly.

Apply stop loss and all risk management and money management tools .





INPUT PARAMETERS 

LEVELS SET FOR THE STRONG AND WEAK MARKET 

  •  StrongLevel = 80;
  •  WeakLevel = 20;

MARKET OPENING AND CLOSE TIMINGS 


  •  RUSOpenTime = "02:00";
  •  RUSCloseTime = "00:00";
  •  FTSEOpenTime = "09:00";
  •  FTSECloseTime = "22:00";
  •  DAXOpenTime = "08:00";
  •  DAXCloseTime = "22:00";
  •  EUXOpenTime = "08:00";
  •  EUXCloseTime = "22:00";
  •  CACOpenTime = "09:00";
  •  CACCloseTime = "17:30";
  •  SMIOpenTime = "09:00";
  •  SMICloseTime = "17:30";

-----------------------------------------------------------------------";

"Non-Forex Symbols:";

"adjust to your brokers label (case-sensitive)";

  • US_ES="Usa500Sep10";
  • US_YM="UsaIndSep10";
  • US_NQ="UsaTecSep10";
  • US_ER2="UsaRusSep10";
  • Ger_DAX="Ger30Sep10";
  • Eur_FESX="Euro50Sep10";
  • Fra_CAC="Fra40Aug10";
  • CH_SMI="Swi20Sep10";
  • UK_FTSE="UK100Sep10";
  • Gold_Symbol="GOLD";
  • Silver_Symbol="SILVER";
  • Oil_Symbol="LCrudeSep10";
  • Copper_Symbol="CopperSep10";

"-----------------------------------------------------------------------";

"Buy/Sell Levels"; ( for the strength of the individual pairs and commodities )

  • buy_level = 90;
  • sell_level = 10;

"-----------------------------------------------------------------------";

"Force Refresh of data"; - refreshes the dashboard 

  •    ForceRefresh=true;


sunnychow
6676
sunnychow 2019.05.16 15:30 
 

The indicator has many things to need to improve. then it will be btter. eg. multi symbols of forex function. the users can not have further selection. If it can increase the space for input forex symbol and change existing symbols. so it would match the name of " multi-purpose". Actully the user have no choice. after testing . I think it can get 5 stars.

buy level : 75-95, reversal buy :96-99,

sell level :25-5, reversal sell: 4-1

if aggressive trade:

buy level: 70-95

sell level: 30-5

If the author could accept the user feedback. that will be a perfect tool.

Версия 1.60 2019.05.18
ADDED GBPNZD AND AUDCAD-
Версия 1.50 2019.05.17
In This version - AUTOMATIC SIGNALS GENERATE AT WEAK AND STRONG ZONES AS SET.

ALSO THE CHART ON WHICH SIGNALS COME- OPTION TO OPEN AUTOMATICALLY .
Версия 1.40 2019.05.02
The extra alerts for weak and strong - kept disabled, next update to have the toggle options and special alerts only for the OVERSOLD AND OVERBOUGHT
Версия 1.30 2019.04.29
OVERBOUGHT AND OVERSOLD COLUMNS ADDED

WHEN IN OVERBOUGHT (STRONG) SUGGESTED SELL TRADE

WHEN IN OVERSOLD( WEAK ) SUGGESTED BUY TRADE
Версия 1.20 2019.04.03
Added ALERTS when the strength becomes weak or strong as per the preset input levels
Версия 1.10 2019.03.30
The Dashboard display - is improved for clarity and spacing