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Multi Currency True Currency

1

MCTC is the most advanced multicurrency strength indicator for day trading, that does NOT use moving averages. This versatile strength meter has many settings that can be customized to suit the day traders needs.

With up to 12 customization time periods, automatic calculation and graph plotting of previous period high/low values, 2 side meters showing currency strength, pair strength, points movement, points movement from previous periods, percentage, and pressure. Clickable chart for fast switching between currency pairs. Monitor the strengths of 28 currency pairs and find the best pairs to trade.


Technical

This indicator shows multiple individual currencies strengths as measured against all the other currencies. It measures the price movements of the applied chart currency pair comparing the base and counter currency occurring in all the other base/counter currencies and shows the strength movements.


Features

  • 12 customizable time periods for days of the week to hours and minutes
  • Automatic ploting of high/low values either highest/lowest at close of bar or absolute highest/lowest.
  • Display strength lines ONLY for the chart pair
  • Display the strength lines of all the currency pairs
  • Display strength lines for each currency
  • side meter 1
  • Strength of each currency
  • side meter 2
  • currency pair
  • strength of each individual currency
  • number of points the currency pair has moved
  • number of points that the currency pair has moved above or below the high/low lines
  • percentage of the movement
  • absolute strength (pressure)


Inputs

  • bars - Number of bars to process.
  • font_size - font size for the side meter.
  • spacing - spacing for the side meter.
  • line_width - line width of the highlighted chart currency.
  • show_strength - plot strength lines ONLY for the chart pair, true/false.
  • show_all_currencies - plot the lines of all the currency pairs, true/false.
  • show_all_strengths - plot strength lines for each currency.
  • PM_M - Choose highest/lowest at close of bar or absolute highest/lowest.
  • prefix - input broker prefix if necessary, example xxxEURUSD.
  • suffix - input broker suffix if necessary, example EURUSDxxx.
  • Time1,Time2,Time3... Time12. The time setting that resets all values. This resets all currencies and strengths to zero and will start measuring until the next time setting. This is useful to start measuring the progress of currencies for example a news release or trading session, example London open to London close. Sets the reset times - There are 12 reset times that can be used from day/hour/minute.
    • Time1: true/false
    • D_D1: every_day_1
    • monday_1
    • tuesday_1
    • wednesday_1
    • thursday_1
    • friday_1
    • H1: input for hour (0 - 24)
    • M1: input for minute (0 - 60)


How to use this indicator

After setting your preferred time periods, which could be at the start of a trading session or after a major news break, we will look for the strongest and weakest currency pairs. We will also look at the percentage column and pressure column, these should be high values, percentage should be at least above 60-70.

We can also look at the strengths (show_all_strengths) and match up the strongest and weakest currencies pairs.

Please see the screen shots: How to trade.

Thank you and good trading.

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Connect Indicator is a tool used for connecting indicators between the MQL market and MT4. The connected indicators are made by our group and can be used for other applications, such as sending messages to the Line application or Telegram application. If you have any questions, please don't hesitate to ask us to receive support. Function and indicator buffer Buffer one is the high price of the previous candle. Buffer two is the high price of the previous candle. Usage To connect indicators to fu
Stratos Pali
Michela Russo
5 (1)
Stratos Pali Indicator   is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost! D
Entry Arrow Alerts: Finds market entry opportunities then notifies you via mobile or desktop alerts The key features include: Conservative mode . One entry signal per direction. Ideal for the patient trader looking to capture longer term moves. Aggressive mode . Multiple possible entry signals per direction. Ideal for the active trader looking to capture multiple moves within the same trend. Trigger Line . Price entry line helps cut down on false signals. Display Window . Allows you to instantly
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
Advanced Supply Demand
Bernhard Schweigert
4.91 (295)
¡Actualmente con 33% de descuento! ¡La mejor solución para cualquier tráder principiante o experto! Este indicador es una herramienta comercial única, de alta calidad y asequible, porque incorpora una serie de características patentadas y una nueva fórmula. Con esta actualización, podrá mostrar zonas de doble marco temporal. No solo podrá mostrar un marco temporal más alto, sino también mostrar ambos, el marco temporal del gráfico MÁS el marco temporal más alto: MOSTRANDO ZONAS ANIDADAS. A todos
Supply and Demand Dashboard PRO
Bernhard Schweigert
4.8 (20)
¡Actualmente 20% OFF ! Este tablero de instrumentos es una pieza muy poderosa de software de trabajo en múltiples símbolos y hasta 9 marcos de tiempo. Se basa en nuestro indicador principal (Mejores críticas: Advanced Supply Demand ).  El tablero de instrumentos da una gran visión general. Se muestra:  Valores filtrados de Oferta y Demanda, incluyendo la calificación de fuerza de la zona, Pips distancias a / y dentro de las zonas, Destaca las zonas anidadas, Da 4 tipos de alertas para los s
Graf Mason
Alexandr Lapin
5 (5)
Graf Mason is a tool that will make you a professional analyst! The method of determining wave movements using inclined channels qualitatively conveys the schematics of the movement of any instrument, showing not only possible reversals in the market, but also the goals of further movements!Destroys the myth that the market is alive , clearly showing the schematics of movements from one range to another! A professional tool, suitable for the medium term with the definition of the current trend!
Trend Pulse
Mohamed Hassan
5 (4)
Promotion   for   24 hours only   with a   40%   discount on the original price!  Please contact me after purchase to immediately get your PDF strategy + documentation for Trend Pulse !  Introducing Trend Pulse , a unique and robust indicator capable of detecting bullish, bearish, and even ranging trends! Trend Pulse uses a special algorithm to filter out market noise with real precision. If the current symbol is moving sideways, Trend Pulse will send you a ranging signal, letting you kno
Otros productos de este autor
Are you a day/week/month trader, or even a quick scalper? MCTS will show you the best trending currencies to trade on any timeframe. By using a unique algorithm MCTS measures the strengths of individual currencies and then combines them into pairs to show you the best pairs to trade. Monitor all 8 major currencies and all 28 pairs. Monitors the strengths of the following currencies: EUR, USD, GBP, JPY, AUD, NZD, CHF, CAD. Measure the true strength of a currency on any timeframe. Know which curre
Are you tired of having many open charts and watching many different currency pairs? M‌CTSI will monitor the strengths of 56 currency pairs and show you the best pairs to trade, no more guessing which currency is stronger/weaker, no more trading a pair that is not moving positively. This is the BASIC version. MCTSIP is the more advanced version and can be found here: https://www.mql5.com/en/market/product/20994 You may have many charts open trying to determine the best currency pair to trade on
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josedan
325
josedan 2022.01.13 16:41 
 

The author has been helpful with set files... You need to contact him for set files and explanation as per how to use the indicator... I will update further when I forward test it

DGoldSniper
213
DGoldSniper 2018.06.14 23:13 
 

I see nothing good with this currency strength. Just one of those scraps in forex industry. No good guide.

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Versión 1.10 2021.11.19
compiled with latest compiler , minor code changes