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CCI currency strength meter

5

CCI Currency Strength Meter uses CCI (Commodity Channel Index) to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. If you load this indicator on a chart, it will first display the strength-lines of the currencies (base and counter currency of the chart) with changeable solid lines. Also, you can add up to five additional currencies to the "comparison pool," that already has the base and the profit (counter) currency. So, in total, you can display up to 7 lines.

Note: This is a multicurrency indicator. So, if you want to test this indicator, I provided the DEMO version that has a lot of limitations. The link to this DEMO version is: https://www.mql5.com/en/market/product/26981

Settings for the CCI indicator used:

  • CCI period: the period of the CCI (14 by default),
  • Apply to: which price should CCI be based on (close, open, high, low, median...),
  • Smoothing Factor: so that the lines don't look choppy; less or 1 = No smoothing, and 2 or more = smoothing applied (the smoothing factor applies to the CCI currency strength meter indicator, and not to the CCI used).
  • History: the number of candles to be displayed.

Lines formatting for the base and counter currency:

  • Color of the base currency: self-explanatory, select the color for the base currency,
  • Width: width of the line of the base currency,
  • Style: line style (solid, dash, dot...),
  • Color of the profit currency: color for the counter currency,
  • Width: width of the line of the profit currency,
  • Style: the style of the line of the profit currency (solid, dot, dash...).

Next is formatting for the additional 5 currencies (this one example is the same for all 5):

  • Currency n: write in the 3 letters symbol of the currency you want to display (examples: "eur" or "aUd" or "usD" or "NZD".."Btc" - all these formats are acceptable)
  • Color: color of that selected currency,
  • Width: line width,
  • Style: line style (if width is 1).

The same is for the next 4 currencies. In total, you can display up to 7 currencies.

Suggestion: Watch the provided video to make everything clear and/or check out the DEMO version: https://www.mql5.com/en/market/product/26981.

Comentarios 2
jmhuang
3147
jmhuang 2020.12.20 04:29 
 

i used this indicator for quite some time and it has yielded positive results - overall a very good indicator

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Obtenga su actualización diaria del mercado con detalles y capturas de pantalla a través de nuestro Morning Briefing aquí en mql5 y en Telegram ! FX Volume es el PRIMER y ÚNICO indicador de volumen que proporciona una visión REAL del sentimiento del mercado desde el punto de vista de un bróker. Proporciona una visión impresionante de cómo los participantes institucionales del mercado, como los brokers, están posicionados en el mercado Forex, mucho más rápido que los informes COT. Ver esta info
Cycle Sniper
Elmira Memish
4.41 (37)
NEW YEAR SALE PRICE FOR LIMITED TIME!!! Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before pu
Conviértase en un Breaker Trader y obtenga beneficios de los cambios en la estructura del mercado a medida que se invierte el precio. El indicador de ruptura de bloque de órdenes identifica cuándo una tendencia o movimiento de precio se acerca al agotamiento y está listo para revertirse. Le alerta sobre cambios en la estructura del mercado que generalmente ocurren cuando una reversión o un retroceso importante están a punto de suceder. El indicador utiliza un cálculo patentado que identific
¡Descubra el secreto para el comercio de Forex exitoso con nuestro indicador MT4 personalizado! ¿Alguna vez se ha preguntado cómo lograr el éxito en el mercado de Forex, obteniendo ganancias constantemente al tiempo que minimiza el riesgo? ¡Aquí está la respuesta que ha estado buscando! Permítanos presentar nuestro indicador MT4 patentado que revolucionará su enfoque para el comercio. Versatilidad única Nuestro indicador está especialmente diseñado para usuarios que prefieren las formacio
Entry Points Pro
Yury Orlov
4.7 (226)
Este es un genial indicador para MT4 que ofrece señales precisas para entrar en una transacción sin redibujar. Se puede aplicar a cualquier activo financiero: fórex, criptomonedas, metales, acciones, índices. Nos dará valoraciones bastante precisas y nos dirá cuándo es mejor abrir y cerra una transacción. Eche un vistazo  al vídeo  (6:22), ¡contiene un ejemplo de procesamiento de una sola señal que ha amortizado el indicador! La mayoría de los tráders mejoran sus resultados comerciales durante l
Otros productos de este autor
RSI Currency Strength Meter uses RSI (Relative Strength Index) to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. It displays the strength-lines of the currencies of the pair (base and counter currency of the chart) with changeable solid lines. Also, you can add up to ONE additional currency (only 1 in the DEMO version, in REAL up to 5) to the "comparison pool" that already has the base and the profit (counter) c
FREE
STO Currency Strength Meter DEMO uses Stochastic Oscillator to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. It displays the strength-lines of the currencies of the pair (base and counter currencies of the chart) with changeable solid lines. Also, you can add up to ONE additional currency (only 1 in the DEMO version, in FULL up to 5) to the "comparison pool" that already has the base and the profit (counter) cu
FREE
CCI Currency Strength Meter uses CCI (Commodity Channel Index) to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. If you load this indicator on a chart, it will first display the strength-lines of the currencies (base and counter currency of the chart) with changeable solid lines. Also, you can add up to ONE additional currency (only 1 for the DEMO version, but on REAL up to 5) to the "comparison pool" that alrea
FREE
RSI Currency Strength Meter uses RSI (Relative Strength Index) to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. It displays the strength-lines of the currencies of the pair (base and counter currency of the chart) with changeable solid lines. Also, you can add up to five additional currencies to the "comparison pool". If you want to look and compare, for example, EUR, USD and JPY, it will only look at the EURUS
STO Currency Strength Meter uses Stochastic Oscillator to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. It displays the strength-lines of the currencies of the pair (base and counter currencies of the chart) with changeable solid lines. Also, you can add up to five additional currencies to the "comparison pool". If you want to look and compare, for example, EUR, USD and JPY, it will only look at the EURUSD, USD
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jmhuang
3147
jmhuang 2020.12.20 04:29 
 

i used this indicator for quite some time and it has yielded positive results - overall a very good indicator

sunnychow
8902
sunnychow 2019.12.16 13:23 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 1.3 2020.02.08
- Changes in the main code for faster and broker-friendly loading
- Alerts and Notifications can now be set; lines cross, cross above/below and cross back
- Correlation changed to only text print
- Some small bugs fixed
Versión 1.2 2018.07.30
- Small bug fixed.
Versión 1.1 2018.07.26
New input:
- History - How many candles to load, which results in faster loading and less CPU usage.
Other:
- Small bug fixed that decreases the overall CPU usage.
- The scale and the levels are now as in the CCI indicator (0,100 and -100).