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Forex Meter Oscillator

5

Forex Meter Oscillator is an indicator that can give a whole view of forex market from a single chart, measuring currency strenghts among 28 forex pairs (majors and minors).

The "oscillator" word is very meaningful: it normalizes currency strenghts in order to provide values in a predefined range (from -1 to 1).


What are normalization's advantages?

It's so simple, values will always be in a pre-defined range that reflect exactly the current value compared to the last N values. In this way you will not have spikes and values "out of range" that can make more difficult the understanding of the indicator. In this way it will be possible to shape more precise and robusts rules about a trading strategy! 

For example:

Value +1 : Currency strenght is at maximum of last N candles. Wait for the currency to decrease from 1 to catch good weakness moment of that currency.

Valule -1: Currency strenght is at minimum of last N candles. Wait for the currency to increase from -1 to catch good strenght moment of that currency.


Indicator has an Alert section in order to trigger alert messages when some conditions are met.

  • Currency are rising or falling. (Crosses of specific value, input parameters)
  • Currencies crosses


Indicator also has some analyzer panels:

  • Yesterday panel: differences from yesterday to current candle.
  • Today panel: differences from midnight of current day to current candle.
  • Last candle: differences from the last candle and the previous one. 

Input variables:

  • Symbol prefix: in case of your broker use a symbol prefix (ex. mEURUSD)
  • Symbol suffix: in case of your broker use a symbol suffix (ex. EURUSD.)
  • First bar: the first bar to be calculated (enter 1 to calculate the last closed candle, 0 in order to calculate also the current candle)
  • Bars plotted: Numbers of bars that are plotted to graph
  • Normalize period: Normalization period (compare current values to Min/Max values of last X candles)
  • Enable alerts
  • Enable Rise/Fall alert
  • Enalbe Crosses
  • Rise threshold: Value at which will be sended a "rising" alert (when a currency crosses above this value)
  • Fall threshold: Value at which will be sended a "falling" alert (when a currency crosses below this value)
  • Cross minimum strenght: Minimum strenght that currency need to have in order to generate a cross alert (this will be the difference from the previous candle, the same that it can be seen from "Last candle" panel. This value is to avoid "weak" and unclear crosses)
  • Colors of currencies: decide colors of currencies lines
  • Background color: color for background of analyzer panels
  • Enable Yesterday panel
  • Enable Today panel
  • Enable Last candle panel


Button next to the indicator name are used to switch to the related symbol, click 2 currencies in order to open the related chart.

NOTE: Due to large amount of data required by indicator it can be needed, sometimes, to change timeframe of chart in order to force its refresh.


If you have some doubts about how to use my indicator, please don't esitate to contact me and I'll be happy to help you!

Recensioni 5
Massimiliano Brancato
402
Massimiliano Brancato 2020.11.18 09:00 
 

One of the best CS indicator, perfect for my strategy. Thanks Fabio, also for your help.

Aravind Kolanupaka
8935
Aravind Kolanupaka 2020.09.13 18:27 
 

Good Indicator

4xplosion
1008
4xplosion 2019.12.06 21:35 
 

Haven't tested it live yet, but looking at past setups: Looks Very Promising...and for the price you just cannot beat it!! I ran into some broker issues and Fabio was very delligent in giving me technical support....Issue was resolved. Highly recommend indicator and his support!

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Dynamic Forex28 Navigator - Lo strumento di trading Forex di nuova generazione. ATTUALMENTE SCONTATO DEL 49%. Dynamic Forex28 Navigator è l'evoluzione dei nostri indicatori popolari di lunga data, che combinano la potenza di tre in uno: Advanced Currency Strength28 Indicator (695 recensioni) + Advanced Currency IMPULSE con ALERT (520 recensioni) + CS28 Combo Signals (Bonus). Dettagli sull'indicatore https://www.mql5.com/en/blogs/post/758844 Cosa offre l'indicatore di forza di nuova generazion
ATTUALMENTE SCONTATO DEL 26% La soluzione migliore per ogni principiante o trader esperto! Questo indicatore è uno strumento di trading unico, di alta qualità e conveniente perché abbiamo incorporato una serie di caratteristiche proprietarie e una nuova formula. Con un solo grafico è possibile leggere la forza delle valute per 28 coppie Forex! Immaginate come migliorerà il vostro trading perché sarete in grado di individuare l'esatto punto di innesco di una nuova tendenza o di un'opportunit
Enigmera
Ivan Stefanov
5 (3)
ENIGMERA: Il cuore del mercato https://www.enigmera.com Introduzione Questo indicatore e sistema di trading rappresenta un approccio straordinario ai mercati finanziari. ENIGMERA utilizza i cicli frattali per calcolare con precisione i livelli di supporto e resistenza. Mostra l'autentica fase di accumulazione e fornisce direzione e obiettivi.  Un sistema che funziona sia in un trend che in una correzione.  Come funziona? ENIGMERA è composto da tre linee: la linea di supporto/resistenza, la
ATTUALMENTE SCONTATO DEL 31%! La soluzione migliore per ogni principiante o trader esperto! Questo indicatore è uno strumento di trading unico, di alta qualità e conveniente perché abbiamo incorporato una serie di caratteristiche proprietarie e una formula segreta. Con un solo grafico fornisce avvisi per tutte le 28 coppie di valute. Immaginate come migliorerà il vostro trading perché sarete in grado di individuare l'esatto punto di innesco di una nuova tendenza o opportunità di scalping!
Attualmente 20% di sconto! La soluzione migliore per ogni principiante o trader esperto! Questo software per cruscotti funziona su 28 coppie di valute. Si basa su 2 dei nostri indicatori principali (Advanced Currency Strength 28 e Advanced Currency Impulse). Offre un'ottima panoramica dell'intero mercato Forex. Mostra i valori di forza delle valute avanzate, la velocità di movimento delle valute e i segnali per 28 coppie Forex in tutti i (9) timeframe. Immaginate come migliorerà il vostro t
Currently Price 20% OFF ( for unlimited use )   BONUS  AUX VIP Club 2024 : Include  EA Airbag  and  Load Data History  to enhance the performance of this tool to its maximum potential  Click Here to Download Files   ( for users only )   Hello World! Introducing.. SMCpro VIP tool and Indicator for MetaTrader 4, designed to revolutionize your trading experience with the ICT Smart Money Concept. This system is meticulously crafted to empower traders with advanced insights and precision in
Entry Points Pro
Yury Orlov
4.62 (175)
Indicatore top per MT5 che fornisce segnali accurati per entrare in un trade senza riverniciare! Può essere applicato a qualsiasi attività finanziaria: forex, criptovalute, metalli, azioni, indici.  La versione MT5 è qui Fornirà segnali di trading piuttosto precisi e ti dirà quando è meglio aprire un trade e chiuderlo. Guarda il video (6:22) con un esempio di elaborazione di un solo segnale che ha ripagato l'indicatore! La maggior parte dei trader migliora i propri risultati di trading
System Trend Pro
Aleksandr Makarov
5 (2)
System Trend Pro - This is the best trend trading indicator!!! The indicator no repaint!!!   The indicator has   MTF   mode, which adds confidence to trading on the trend (   no repaint   ). How to trade? Everything is very simple, we wait for the first signal (big arrow), then wait for the second signal (small arrow) and enter the market in the direction of the arrow. (See screens 1 and 2.) Exit on the opposite signal or take 20-30 pips, close half of it, and keep the rest until the oppo
Altri dall’autore
Relax EA MT5
Fabio Cavalloni
5 (2)
Live monitoring   signal NOTE: This is for monitoring only, do not subscribe to signal! This EA trade in a very delicate way during very delicate time, be smart and don’t use copy signals service. Discrepancies in quotations, spreads, trading hours and delay in copying trades will make almost impossible to have same results. Relax EA open trades at the end of Friday trading session looking for specific patterns, volatility and momentum on several timeframes: main idea is to catch quickly and pr
The Forex Exchanger MT5
Fabio Cavalloni
5 (6)
All explainations about the strategy:  https://www.mql5.com/en/blogs/post/747470 Live signals:  Main account:  https://www.mql5.com/en/signals/1416185 Second account:  https://www.mql5.com/en/signals/2111323 Here I will explain only the EA inputs part. This EA will be consistently updated with new and unpredictable things that can bring its performance to a better level every day! Buying this EA you will not only got a powerful automatic trading system, but also all knowledge and experience I'
Quick Trade MT5
Fabio Cavalloni
4.85 (13)
Quick Trade is a simple but needful utility for MT5 that allows to set SL, TP and entry price for a trade in a couple of seconds, allowing also shaping right position size based on risk wanted. It provide shortcuts to save more time and of course, you can also put values typing with keyboard or drag lines at your desired value! Shortcut Action CTRL + Click Set SL Shift + Click Set TP z + Click Set Price A simple utility that you will start to love if you do manual trading. Stop calculating ris
FREE
Thermo MAP MT5
Fabio Cavalloni
4 (5)
Thermo MAP is a multicurrency and multitimeframe indicator that display a smart heat map based on proprietary calculations. Watch how Forex market moved and is currently moving with a single dashboard and have a consistent and good idea of what is happening! It can be suitable for both scalping or medium/long term, just select options that better fit your trading style Symbols list are automatically sorted based on the preferred column. There is the possibility to click on: First row, timefram
FREE
OnBoard stats MT5
Fabio Cavalloni
5 (4)
OnBoard stats is a panel that show in a single view a lot of usefull information about working orders and trading account. It has 4 different sub-panels (from left to right): Symbols order statistics : it can be found symbols for which there are orders (market or pendings). Symbol with pendings are colored with "Pendings color". Clicking on a specific symbol row, chart will be changed to that symbol. Current symbol statistics : informations about the "current" symbol, the one which is opened in
FREE
Spread Monitor MT5
Fabio Cavalloni
5 (1)
This is a usefull utility for monitoring spread and also for recording informations to a file. (Files will be placed into "Common\Files\Spread Monitor"). There is the possibility to let the indicator calculate high/low into the past thanks to downloading ticks. (It's a slow and approsimate thing! The best way to use it is to attach to a chart and let it recording spread in real time). There is also a buffer with the average of spread in latest X periods. Easy and effective.
FREE
RSI Currencies is an indicator that is based on the RSI concept but with a totally different approach. It calculates its values calculating all RSI values of all pairs related to the same currency and making an average between them: the goal is to obtain a more solid and trustable information about what each currency are doing lowering the impact of market noise and extreme euphory on a particular pair to analyze the whole basket. It works on 28 forex majors and minor pairs related to these curr
FREE
OnBoard stats
Fabio Cavalloni
5 (7)
OnBoard stats is a panel that show in a single view a lot of usefull information about working orders and trading account. It has 4 different sub-panels (from left to right): Symbols order statistics : it can be found symbols for which there are orders (market or pendings). Symbol with pendings are colored with "Pendings color". Clicking on a specific symbol row, chart will be changed to that symbol. Current symbol statistics : informations about the "current" symbol, the one which is opened in
FREE
Golden Goal GG
Fabio Cavalloni
5 (1)
Please refer to this   blog post  for additional informations about the strategy, approaches behind it and some backtest examples. Golden Goal (GG) Expert advisor is a complete autotrading system that works on 28 majors-minors forex pairs. Its nature can be described as mean-reversion approach, with custom complex entry, exit and scaling decisions, that can make the EA act like an auto-optimizing expert advisor. Oppositely to my other EA The Forex Exchanger , inputs do not allow to customize in
Filtro:
Massimiliano Brancato
402
Massimiliano Brancato 2020.11.18 09:00 
 

One of the best CS indicator, perfect for my strategy. Thanks Fabio, also for your help.

Aravind Kolanupaka
8935
Aravind Kolanupaka 2020.09.13 18:27 
 

Good Indicator

Dmitry Karagusov
802
Dmitry Karagusov 2020.01.13 18:47 
 

L'utente non ha lasciato alcun commento sulla valutazione.

4xplosion
1008
4xplosion 2019.12.06 21:35 
 

Haven't tested it live yet, but looking at past setups: Looks Very Promising...and for the price you just cannot beat it!! I ran into some broker issues and Fabio was very delligent in giving me technical support....Issue was resolved. Highly recommend indicator and his support!

Johan Soekwanto
405
Johan Soekwanto 2019.11.22 17:49 
 

Seriously this indicator is exactly what my system is missing.

This meter tells you which pairs to focus on and not waste time on those that are uncertain.

Give it a test, it will definitely help any system you are using.

Rispondi alla recensione
Versione 1.65 2020.09.09
Added Mobile notification
Versione 1.5 2019.12.12
Bugfixes
Versione 1.4 2019.12.06
Fixed with broker that do not have all 28 pairs
Versione 1.3 2019.12.03
Bugfixes EA mode
Versione 1.2 2019.11.16
Bugfixes
Versione 1.1 2019.11.15
Bugfixes