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RSI Basket Currency Strenght

5

 

The RSI Basket Currency Strenght brings the RSI indicator to a new level. 

Expanding the boundaries of TimeFrames and mono-currency analysis, the RSI Multi Time Frame Currency Strenght take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses. 

The indicator works with any combination of AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD pairs and with full automation takes in account every RSI value for the selected Time Frame. 

After that, the indicator plots the average of the values, making it as an oscillator around the zero value. 


If the currency line is over the other, it indicates a whole strenght of such currency against the other seven. 

If the currency line is over the zero line, it's a clear signal of strenght, driving the price in the direction of the currency position (long if currency is the numerator, short if it is the denominator).


The RSI Basket Currency Strenght can be fully customized with your favourite Time Frame (greater or equal your working Time Frame).


It is a great tool for trend confirmation and for spotting potential reversal moments, while the counter currency gains strenght in the whole market. 


FREE version (Only working on EURUSD) available here --> https://www.mql5.com/en/market/product/48706/


Produly developed by www.automazionetrading.com

Recensioni 2
Roberto BR
331
Roberto BR 2021.11.13 14:43 
 

Indicatore eccezionale.

GoodMorningg
534
GoodMorningg 2020.04.24 12:07 
 

Реально крутой помощник в торговле! Попробовал бесплатную версию и сразу же купил платную!

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Indicatore ciclico per il trading e la previsione della direzione del mercato. Mostra il comportamento ciclico del prezzo sotto forma di oscillatore. Fornisce segnali per l'apertura delle operazioni quando c'è un rimbalzo dai limiti superiore e inferiore dell'oscillatore. Sotto forma di istogramma, mostra la forza attenuata del trend.  Completerà qualsiasi strategia di trading, dallo scalping all'intraday.  L'indicatore non viene ridisegnato.  Adatto per l'uso su tutti i simboli/strumenti.  Gli
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Trend Oscillator: Identificazione Fluida e Affidabile del Trend di Mercato Trend Oscillator è un indicatore avanzato per MT4 progettato per assistere i trader nell'identificare con precisione la direzione del trend e i suoi potenziali punti di inversione. Grazie a una rappresentazione visiva intuitiva, questo indicatore mostra chiaramente i momenti in cui il mercato è in trend rialzista o ribassista, semplificando l'analisi e migliorando la lettura del grafico. È adatto per una vasta gamma di me
StalkeR Arrow
Abdulkarim Karazon
5 (3)
StalkeR Arrow è un indicatore a freccia che fornisce segnali di acquisto e vendita sulla barra aperta/intra bar, questo indicatore si basa su modelli di azione dei prezzi e frattali questo indicatore fornisce tp e sl per ogni segnale di acquisto e vendita, tp e sl sono sotto forma di linee sopra e sotto ciascun segnale, si estendono fino alla formazione di un nuovo segnale questo indicatore dispone di un pannello/dashboard di backtest che fornisce statistiche di vincita/sconfitta dei segnali
Early reversals made easy A personal implementation of Order Blocks, a simple yet effective position trading strategy. The trader should enter the market or look for trades in the direction of the last order block, if the price range has not been breached in the opposite direction of the breakout. Open blocks are not drawn for clarity. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] A bullish open block is the first bullish bar after a fresh market low A bearish ope
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CRAZY SALE! Was 250, NOW 50 USD till the end of MAY!!! --->  Check all the other products  <--- The WTR Dynamic Range Indicator is a powerful and deeply customizable range indicator that takes in account the average upward and downward movement of the price in the past trading days.  This fully customizable indicator can be setted for a lot of uses and cases:  • Trend trading on level breakouts  • Spotting high probability targets for Take Profits • Setting a multiple targets for position scali
--->  Check all the other products  <--- The Candle Bias is a coloring indicator that doesn't take account of the close price of the bars.  It will color the candle in the bearish color (of your choice) if the downard range is greater than the upward range.  Conversely, it will color the candle in the bullish color of your choice if the upward range is greater than the downward range.  This is a major helper for Multi Time Frame analysis, it works on every security and every Time Frame. You ca
--->  Check all the other products  <--- The Engulfing Candles Screener is a deeply customizable dashboard.  You can chose a trend filter, using 2 EMAs, with custom periods applied on a custom TimeFrames Then you can choose 3 timeframes to search, any TimeFrame is suitable and the screener will find the engulfing candles in the selected timeframe.  3 Timeframes to scan All the major forex pairs and crosses - up to 28 symbols Deeply Customizable How to setup the screener:  Let the crosses visib
The  Stochastic Basket Currency Strenght  brings the Stochastic indicator to a new level.  Expanding the boundaries of TimeFrames and mono-currency analysis, the SBCS take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses.  The indicator works with any combination of  AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD  pairs and with full automation takes in account every stochastic value (main line) for the selected Time Frame.  After that, the indica
FREE
The  RSI Basket Currency Strenght  brings the RSI indicator to a new level.  Expanding the boundaries of TimeFrames and mono-currency analysis, the RSI Multi Time Frame Currency Strenght take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses.  The indicator works with any combination of  AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD  pairs and with full automation takes in account every RSI value for the selected Time Frame.  After that, the indic
FREE
--->  Check all the other products  <--- The Multi Time Frame Chandelier Channel is a good synthesis of the chandelier trailing stop and let you analyze the trend.  Enter when the price breaks one of the two lines, then trail using the opposite line.  Ideal for scalping, entering after the dot appears.  Plenty of customization:  Choose the lookback period, the longer, the slower Choose the Time Frame to use (must be greater or equal your chart TF  Play around with the options to get the opti
FREE
The WTR Dynamic Range Indicator is a powerful and deeply customizable range indicator that takes in account the average upward and downward movement of the price in the past trading days.  This fully customizable indicator can be setted for a lot of uses and cases:  • Trend trading on level breakouts  • Spotting high probability targets for Take Profits • Setting a multiple targets for position scaling out  The WTR Dynamic Range Indicator calculates the average movements in the long side, then p
FREE
This practical tool let you setup your keyboard to have shortcuts and hotkeys to change Chart TimeFrame.  Bring your trading to another level by actually take fast and smooth control of switching Time Frames without losing time clicking all over the Meta Trader Terminal.  This tool is born due to scalping issues, where switching from higher timeframe and lower timeframes is really mandatory to make a multi timeframe analysis of the trading setup.  Uplift your trading activity, by letting your ke
FREE
--->  Check all the other products  <--- The Candle Bias is a coloring indicator that doesn't take account of the close price of the bars.  It will color the candle in the bearish color (of your choice) if the downard range is greater than the upward range.  Conversely, it will color the candle in the bullish color of your choice if the upward range is greater than the downward range.  This is a major helper for Multi Time Frame analysis, it works on every security and every Time Frame. You ca
FREE
The Stochastic Basket Currency Strenght  brings the Stochastic indicator to a new level.  Expanding the boundaries of TimeFrames and mono-currency analysis, the SBCS take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses.  The indicator works with any combination of AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD pairs and with full automation takes in account every stochastic value (main line) for the selected Time Frame.  After that, the indicator
--->  Check all the other products  <--- The Multi Time Frame Chandelier Channel is a good synthesis of the chandelier trailing stop and let you analyze the trend.  Enter when the price breaks one of the two lines, then trail using the opposite line.  Ideal for scalping, entering after the dot appears.  Plenty of customization:  Choose the lookback period, the longer, the slower Choose the Time Frame to use (must be greater or equal your chart TF  Play around with the options to get the opti
The pair strenght panel make easy to see the overall performance of the base and the quote currencies.  It can analyze Daily performance, Weekly performance and Monthly performance.  Seamlessly and without any further input option, it splits the cross in the two currency and analyze the performance of each one:  for example, if it's attched to an AUD/CHF chart, it will report the AUDCHF percentage variation and the composite percentage variation of the whole AUD basket against the other 6 curre
Use a plain google sheet to license your product After years of developing trading software, I noticed the lack of a simple and cheap system to license the software to your customer.  Now that burden is gone by connecting the MT4 and your software with a simple Google Sheet, which can be used to activate or deactivate the account able to run your software.  With a minimum setup you'll be able to compile your software and distributing it without the fear of being spoiled by hackers or bad people
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Roberto BR
331
Roberto BR 2021.11.13 14:43 
 

Indicatore eccezionale.

GoodMorningg
534
GoodMorningg 2020.04.24 12:07 
 

Реально крутой помощник в торговле! Попробовал бесплатную версию и сразу же купил платную!

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Versione 2.0 2021.12.19
V 2.00 Upgrades:

• Minor Bugfix
• Corrected some typos
• Added Alert functionalities