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CPM Extended

4.8

The algorithm is based on the idea of the Currency Power Meter indicator. In this version, the number of displayed values is unlimited, its code is more compact and fast, values of the current bar can be obtained through indicator buffers.

What the indicator shows: a thin band and the upper number in front of the currency shows the relative strength index for the last N hours (N is set in the parameters in the variable 'Hours'), a wider band shows the daily index. The more currency pairs using this currency you specify in the input parameters (assuming that your broker provides quotes for the pairs), the more weighted the index will be (but be careful with pairs of "non-major" or exotic currencies, they can distort the overall picture). For example, if you specify only EURUSD, the relative index for Euro will be calculated only based on this pair, if you add EURGBP, then the Euro index will be calculated based on two pairs and a more weighted value will be obtained.

How to use the data: the lower/higher the index value, the more likely a technical correction or trend continuation is, in the absence of important news.


Reviews 19
danmar
1800
danmar 2024.07.21 15:59 
 

Hi super work , i was knowing this one but without so nice param: nice to be free but ready to buy with some update : 1) possibility to specify one of the 4 corners of the chart 2) possibility to have some other group of currencies

3) font bigger for big charts

Any way Very well done, thank you a lot

2024/07/24 : thank you for detailed response and for allowing bigger font.

Happy Scalper
1042
Happy Scalper 2021.11.30 06:52 
 

Best indicator ever developed PERIOD! Dead nuts accurate. No lagging. Great for scalping! Thank you very much for the free indicator. Money maker for sure. Thanks again, much appreciated.

Nima Khoramabadi
19
Nima Khoramabadi 2019.08.16 12:17 
 

It would be better to re-code the positioning feature of the indicator using the 4 corners of the chart and then additional adjusting shifts by X and Y.

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If you trade by levels, then this indicator is for you. The indicator displays support and resistance levels for the selected timeframes, additionally showing how many points to the nearest levels, as well as between which levels the current price is in the form of a color scale and percentages. Location anywhere on the chart, the ability to scale, the calculation offset taking into account the hourly difference of your broker, the choice of colors and other parameters will allow you to custo
This is an extended version of Keltner channel. You can use 21 types of Moving Average and 11 methods of calculating the indicator's center line. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zero-Lag Exponential Moving Average
This is an MTF indicator of support and resistance levels based on Advanced ZigZag Dynamic and/or Extended Fractals indicator extremums with price labels (can be disabled). More higher TFs can be selected for MTF mode. By default, the levels are generated based on ZigZag indicator dots. Fractals indicator dots can also be used together with ZigZag or instead of it. In order to simplify the use and save CPU time, calculation is performed once per each bar at its opening. Parameters: ForcedTF - ch
This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. Calculation depends on the selected chart timeframe the indicator is launched at. The indicator displays data as lines for all currencies or as a histogram for the current currency pair. The intersection of the currency strength indices for the current currency pair is additionally displayed as
Unique "scalping" trend indicator with the feature of multi-layered smoothing of the resulting lines and a wide selection of parameters. It helps determine a probable change in the trend or a correction virtually near the very beginning of the movement. The toggled intersection arrows are fixed and appear at the opening of a new bar, but, with enough experience, it is possible to look for entry opportunities as soon as the indicator lines intersect at the unfinished bar. The signal appearance l
The indicator shows harmonic patterns on the chart without repainting with the minimum possible lag. The search for indicator tops is based on the wave principle of price analysis. Advanced settings allow you to choose parameters for your trading style. At the opening of a candle (bar), when a new pattern is formed, an arrow of the probable direction of the price movement is fixed, which remains unchanged. The indicator recognizes the following patterns and their varieties: ABCD, Gartley (Butter
The uniqueness of this indicator lies in the volume accounting algorithm: accumulation occurs directly for the selected period without reference to the beginning of the day. The last bars can be excluded from the calculation, then the current data will have less influence on the significant levels (volumes) formed earlier. For a more accurate calculation, data from the M1 graph is used by default. The step of distribution of price volumes is regulated. By default, the right border of the display
The indicator shows (optional): Spearman's rank correlation coefficient, Pearson's linear correlation coefficient, Kendall's rank correlation coefficient, and Fechner's sign correlation coefficient. This oscillator shows the points of possible market reversal when the price goes beyond the overbought and oversold levels. There are 4 methods for additional filtering of the obtained values: simple, exponential, smoothed, linearly weighted. After the bar is closed, the values are fixed and not rep
If you trade by levels, then this indicator is for you. The indicator displays support and resistance levels for the selected timeframes, additionally showing how many points to the nearest levels, as well as between which levels the current price is in the form of a color scale and percentages. Location anywhere on the chart, the ability to scale, the calculation offset taking into account the hourly difference of your broker, the choice of colors and other parameters will allow you to custo
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danmar
1800
danmar 2024.07.21 15:59 
 

Hi super work , i was knowing this one but without so nice param: nice to be free but ready to buy with some update : 1) possibility to specify one of the 4 corners of the chart 2) possibility to have some other group of currencies

3) font bigger for big charts

Any way Very well done, thank you a lot

2024/07/24 : thank you for detailed response and for allowing bigger font.

Sergey Efimenko
34480
Reply from developer Sergey Efimenko 2024.07.22 08:09
Hi
1) You can move the indicator to any place on the chart, use the "shiftX" and "ShiftY" parameters for this
2) You can configure this with the "ShowRatio" and "UsePairs" options
3) There are such parameters in the indicator, but they are hidden, I will add them to the available ones within a few days
Akira Egashira
919
Akira Egashira 2022.08.16 16:33 
 

Very nice indicator! But it would be more useful if it could support irregular pair names such as US30, JP225, USOIL, etc.

tradeskopieren
24
tradeskopieren 2022.07.02 00:03 
 

User didn't leave any comment to the rating

Happy Scalper
1042
Happy Scalper 2021.11.30 06:52 
 

Best indicator ever developed PERIOD! Dead nuts accurate. No lagging. Great for scalping! Thank you very much for the free indicator. Money maker for sure. Thanks again, much appreciated.

Valentin Butorin
4126
Valentin Butorin 2020.10.18 13:26 
 

User didn't leave any comment to the rating

Nima Khoramabadi
19
Nima Khoramabadi 2019.08.16 12:17 
 

It would be better to re-code the positioning feature of the indicator using the 4 corners of the chart and then additional adjusting shifts by X and Y.

rakyan
571
rakyan 2019.06.28 06:03 
 

User didn't leave any comment to the rating

Victor Manuel Valderrama Zamora
8337
Victor Manuel Valderrama Zamora 2019.03.13 00:05 
 

User didn't leave any comment to the rating

sunnychow
9051
sunnychow 2018.11.12 15:30 
 

Excellent indicator for trading analysis

Tim Eubanks
5763
Tim Eubanks 2018.03.16 12:42 
 

User didn't leave any comment to the rating

Gennadiy Voltornist
11909
Gennadiy Voltornist 2017.11.07 18:56 
 

User didn't leave any comment to the rating

Arsen Kocharjan
36
Arsen Kocharjan 2017.09.17 14:25 
 

User didn't leave any comment to the rating

auer
62
auer 2017.01.11 06:26 
 

User didn't leave any comment to the rating

Maksym Mudrakov
30074
Maksym Mudrakov 2016.08.30 19:40 
 

User didn't leave any comment to the rating

Daria Angkadiredja
243
Daria Angkadiredja 2016.03.01 17:31 
 

User didn't leave any comment to the rating

NIKILMEN
144
NIKILMEN 2016.02.09 22:07 
 

Отличный индикатор! Спасибо за бесплатную версию!

rounin
179
rounin 2015.09.09 21:56 
 

nice, ty.

Pavel Korotaev
376
Pavel Korotaev 2015.06.26 02:23 
 

Прекрасный индикатор!

Пять баллов.

Спасибо!

Rabbitpips
299
Rabbitpips 2015.04.03 22:33 
 

User didn't leave any comment to the rating

Александр Настюхин
135
 

Очень полезный индикатор,спасибо за работу.

Reply to review
Version 1.6 2019.12.25
The function of removing objects during deinitialization has been replaced with the standard one.
Version 1.5 2019.12.22
Added two parameters:
Horizontal offset of values - horizontal offset of numeric values
Indent between values - vertical indent between numeric values
Version 1.4 2019.12.19
Added parameters:
Horizontal imul - a multiplier for the horizontal scale
Vertical imul - a multiplier for the vertical scale
Scale shift - the additional shift of the scale in pixels
Version 1.3 2015.12.16
Added the ability to shift indicator data by coordinate axes to any convenient place on the screen:
ShiftX - shift left/right
ShiftY - shift up/down
Version 1.2 2015.04.01
Added PairPreffix currency prefix parameter. Leave it blank for symbols without additional characters. Example of using with EURUSD.e:
UsePairs="EURUSD"
PairPreffix=".е"
Version 1.1 2015.01.30
Added the second method for calculating the daily currency power.
UseDayRangeCalculation=false - accumulative
UseDayRangeCalculation=true - range