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Symbols Strength meter

5
SMOOTH STRENGTH METER INDICATOR (SMOOTH LINE)

it draws Currencies TREND Volatility Power / Strength lines :

     Detects the 2 highly TRENDED Volatile pairs ( will be the Bold Lines )

- A very Helpful Indicator

- It draws smooth lines for up to 20 currencies pairs representing Volatility  strength and power

- First it indicates the most powerful trended direction pairs : Strongest / Weaker

     MAIN FUNCTION :it gives indication of the      UP trend most Volatile Line and the      DOWN trend most VOLATILE line 

  which could help the decision to      buy the higher volitile UP/DOWN pairs


1-MAIN NEW STRATEGY:

BUY the UP higher      volitile strength line pair (when departing Up from the Medium Dashed level OR Crossing it UP): (label indicated on chart) and with up green arrows untill a red thumb appears or wait for line to cold down and return to dashed medium level 

SELL the DOWN volitile strength line pair      (when departing Down from the Medium Dashed level OR Crossing it DOWN)     :      (label indicated on chart) and with down red arrows until a green thumb appears      or wait for line to cold down and return to medium level 


2-Second STRATEGY:

BUY the Strongest pair    

SELL the Weakwst pair


3- Money management I use with Strategy 1 and 2 : (Very important)

In Asian Markets time : use 1% of margin for new Buy/Sell Signals 

In Europe Markets time : use 3% of marginfor new Buy/Sell Signals 

In USA Markets time : use 9% of margin for new Buy/Sell Signals

At the end of Day : I recommend closing all opened positions to start a new day


***Works on any Time frame but i recommend from M15 M30 H1 .... (lowest frames need higher index of calculation values)

ALERTS :: receive messages  alerts on new pairs highly deviated in volatility

Click symbol label to open its chart for trading


the MAin inputs: ( I use M15 time frame for any of your selected symbols)

1-Index of calculations : 10/15/20/25/50/.... ( I use on: M15 time frame : 20) ( I use on: M30 time frame : 10) 

2-Startpoint of drawing : 100  - 200 ...  bars (I use: 100 for lowest processor overhead)

3-Slope shift : 2,3,4,5.... ( I use: 2/3 for fast detection of newer deviated lines)

4- Alerting option : true /false

5- up to 20 input symbols ( For me I work with 4 symbols only : eurusd , gbpusd , usdcad, usdchf )


**make sure to download symbols data  M1to D1 for all input symbols before installing

**make sure for correct input symbols (as symbols differs from brokers to another and from account to another)

**make sure to test it before purshase !


Avis 1
Werner Majer
921
Werner Majer 2023.12.19 18:13 
 

A great indicator, I'm finally making a profit. I can recommend it to everybody.

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TWO SYMBOLS CORRELATION  line indicator    It compares the power/strength lines of two user input symbols and create a SMOOTHED line that indicates the degree of deviation of the 2 symbols Strategy#1- FOLLOW THE INDICATOR THICK LINE when CROSSING O LEVEL DOWN --- TRADE ON INDICATOR THICK LINE (TREND FRIENDLY) !! Strategy#2- TRADE INDICATOR PEAKS (Follow indicator Reversal PEAKS Levels)!! you input - the index of calculation ( 10/20/30....)                 - the indicator Drawing start point (ind
Symbols Strength meter Graph  :::: It is programmed to work on any M5 Chat windows !! Used to determine the Strongest currency pairs and the Weakest pairs also detect the peak of deviation of currencies strength  IT CAN BE USED FOR INDICES AND STOCKS TOO !! Strategy one : It can be used in to BUY Strongest pair and SELL Weakest one Strategy two: It can be used on Daily basis to Hedge BUY Strongest pair with high % (ex: +1%) and BUY Weakest one with % lower(ex: -0.7%) the same with SELL  Strateg
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Mohamed yehia Osman
Trend Follower and Reversal Trend handler * EA opens X Lot position (calculated according to Lot risk value) with trend with indicated TP if Trend reversal occurs * EA opens 5 X Lot (if input " Reversal Lot scaling" = 5     ) position with reversal trend with indicated TP and same SL for old trend position * Increasing LOT risk value + Increasing Reversal Lot scaling value = High Risk and High Profit and High DD * Decreasing LOT risk value + Decreasing Reversal Lot scaling = Low Risk and Low Pr
Filtrer:
Werner Majer
921
Werner Majer 2023.12.19 18:13 
 

A great indicator, I'm finally making a profit. I can recommend it to everybody.

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