Currency Strength Indicator display on Daily/Weekly/Monthly Basic

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I would like to develop an indicator that can display Bid Ratio, Buy/sell Ratio and Gap (3 stuff) in 1 indicator. The formula to calculate each value will be given in the specification later. However, here is the general description

  1. Bid Ratio (Blue line - customisable ) - Current Bid price % with respect to high and low over a day (Default) /week/month (broker TF - customisable)
  2. Buy/Sell Ratio (Red line - customisable ) - Currency strength of the current currency
    1. It calculate 7 base pair Bid ratio and minus 7 quote pair bid ratio
  3. Gap (Lime line - customisable) - Change in Buy/Sell Ratio over the past XX minutes (30 minute by default but is also customisable)

All the value needed to reset over day (Default) /week/month (customisable - same setting use for Bid Ratio). To ease the visualisation, a vertical grey line will be draw at where the indicator calculation will reset.


Only 1 value will display at 1 time. So I need a button at the bottom right (Allow me to change position as well) of the Indicator to allow me navigate between this 3 value. Just make a small button with using the short cut below. Font size is 10 ( Default - allow me to change in the setting).

  • BR = Bid ratio. 
  • BS = Buy Sell ratio
  • G = Gap

After the desire value has been plotted, starting from the where the indicator reset ( Eg. Daily), calculate the Bollinger band value of the indicator. For example

  1. I am using Buy Sell Ratio now and is reset on daily basic 
  2. It will calculate the mean price of the BS ratio and plot out the mean line together with Buy Sell Ratio
  3. A ( 2.0SD - customisable) will plot around the mean based on the standard deviation (SD) of indicator value (in this case BS ratio). This should continue and repeat for the past YY (default = 10) day
    1. (Optional) If possible, create an downward arrow when the value from top cross below the 2.0SD. Vice versa.
  4. A histogram chart will plotted on the left(or right - can change in setting) side where the indicator will reset by itself. In this case it will place on every day with hour=0. The histogram should only occupy 20% of the period. Meaning 1 day, the hour is 0 -24, and max value should only occupy from hour 19-24 (since it is at the right side).
    1. By default the bin size is 0.2and max/min value is +- 8(any number beyond that will be added here). This value need to be in setting as well.
    2. Calculate based on Current close price candle (fix)


Having the setting to export the data out and store in CSV. The indicator value for the past  YY (default = 10) day will be first store. The CSV will continue append the latest data every10sec (Default & changeable) The required data are:

  1. Symbol
  2. Broker time
  3. Local Time
  4. Close price
  5. Bid Ratio
  6. Buy Sell
  7. Gap

When the export setting is true, create a "Debugging" Yellow text at the top right of the chart so I know the CSV is collecting.

The file name is following the format: custom_name ( Default=CSIndi) + broker short name + symbol + date (year.month.day)


Expected final outcome


Ps: I forgot to draw 3 little button at the right side to change the indicator value type. But it is needed.


I do not accept indicator code that is generated.


Highly welcome developer that is communicative and experience in MQL indicator. Please communicate with me on your experience so I know if you are suitable in working with this project or not.

Source code is needed by the end of the project.






























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