Hello. I need to modify an existing indicator called Xmeter.
Xmeter
measures the strength and the weakness of a currency pair showing
through a numeric grade from 0 up to 9.9 how strong or weak an economy
is trading.
I would like to create an indicator starting from the
same algorithm to plot on a sub window value of this strength as line or
histogram.
Indicator features:
- An external parameter
double to receive an alert when the difference between two economies is
equal or higher than the parameter value
E.G: USD
is strong grade is 5 and EUR is weak grade is 2, for instance the
parameter was 3, thus an alert is triggered.
- If the indicator is
plotted on an pair like "EUR/USD" the indicator will show only "USD"
and "EUR", if plotted on a pair like "AUD/USD" will show only "AUD" and
"USD".
I hope the explanation sounds clear, if not please do not hesitate to ask me for further details.
I have attached a copy of the indicator.
Regards.
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