MTF Coefficient Strength

1. Choice between Classical Mode and Multi-Timeframe Mode. The MTF (Multi-Timeframe) Mode uses an averaging of the values coming from the different Timeframes.
2. Possibility to use a Coefficient for each Timeframe separately.
3. Possibility to draw Horizontal Lines in order to quickly compare levels of the last closed candle.
4. Possibility to use distinct RSI Period for each Timeframe.
5. The indicator works correctly with accounts with suffixes, which is not always the case for similar indicators (even when curves are displayed).
6. An alert allows to check if enough data is downloaded about the 28 pairs. This is needed in order to have the indicator displaying correct values.

Before using the indicator, please make sure you have all the needed data downloaded on your platform (history for the 28 pairs).

There are several ways of using a Currency Strength Indicator. These can be summarized in the following way :

1. Preparing to a reversal when opposite extremes have been reached by 2 different currencies about at the same time.
2. Considering the simultaneous crossing of 2 currencies, and trade in the direction of the cross.
3. Considering crossing of the 50% level line, and trade according to what the cross suggests.