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Currency Power Meter Linear MT5

5

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 arrows on the chart. The current trend direction is highlighted by the coloring of the bars.

Main settings:

  • iPeriod - number of bars used to analyze currency power.
  • HistoryBars - number of calculated bars on history. The parameter affects execution time during the first launch. It is also necessary for reducing the necessary history data in case a broker has limitation on history length.
  • SmoothingPeriod - data smoothing period (to enable smoothing, set to 1).
  • SmoothingMethod - data smoothing method.
  • ShowPairLabels - enable/disable display labels with names of currencies in the left part of the indicator window.
  • LabelsFontSize - currency label font size.
  • ShowRatio1-8 - currency name to be displayed.
  • UsePairs - list of symbols for currency power calculation.
  • PairPreffix - additional prefix of currency pairs. For example, in EURUSD.e symbol, ".e" is a prefix.
  • ShowWarningComments - enable/disable comments on the operation errors, for example, the absence of symbol quotes or insufficient symbol history length at a broker's side.


    Reviews 1
    Boriwan
    656
    Boriwan 2020.08.24 10:58 
     

    Отличная работа! Индикатор не только самостоятельная торговая система, но и прекрасный фильтр для других инструментов! Спасибо за обновление!

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    Filter:
    Boriwan
    656
    Boriwan 2020.08.24 10:58 
     

    Отличная работа! Индикатор не только самостоятельная торговая система, но и прекрасный фильтр для других инструментов! Спасибо за обновление!

    Reply to review
    Version 2.4 2022.01.17
    Added a low-frequency filter for the input values of currency strength to ignore sudden spikes during news releases or speeches of important people.
    Version 2.3 2020.08.24
    Added coloring of bars based on the intersection of the currency strength indices of the current chart. Added the option to display only the currency indexes of the current chart. Added the ability to display the difference in the currency indices of the current chart as a line or 4-color histogram.
    Version 2.2 2020.08.04
    The code was optimized for the current version of the terminal.
    Version 2.1 2019.05.26
    Выполнена оптимизация кода с учётом обновлений MQL5.
    Version 2.0 2018.06.27
    Added the color change parameters.
    Version 1.9 2018.02.13
    New alert mode: the intersection of indexes regardless of the currency pair of the selected chart.
    Version 1.8 2017.11.02
    Added alerts which are generated when the currency indices of the current currency pair intersect.
    Version 1.7 2016.01.22
    Added an array and toggled information in the comments about the "gaps" in the quotes. As the terminal downloads the currency pair chart data, requested by the indicator, the value goes to 0. This array can be used in EA's for the evaluation of the inaccuracy of the data, generated by the indicator.
    Version 1.6 2016.01.21
    Added new methods for smoothing values, 26 in total.
    Version 1.5 2015.06.04
    Improved automated update of the indicator's readings after the terminal has uploaded all necessary history for all currencies.
    Version 1.4 2015.06.01
    - Added ability to use absolute currency power values (UseAbsoluteValues=true). If you want to use the initial "step" calculation mode, set UseAbsoluteValues=false.
    - Added ability to use several indicators on a single chart.
    Version 1.3 2015.05.13
    Improved searching for a bar by a simple shift. Now, the search for a necessary bar by a shift is performed after the search for a shift by the bar time.
    Version 1.2 2015.05.07
    Correction of the indicator's objects deletion
    Version 1.1 2015.05.06
    1. Added adjustable arrows which appear when lines of currency strength of the current instrument are crossed.
    2. All 28 combinations of 8 major currencies are added for analysis by default.