envision the rarest pair. that this index will have the ability to compute its potency.
This money advantage meter computes any symbols, be it currency pairs, metals, contracts for difference, commodities, cryptocurrencies (like Bitcoin/BTC or Ethereum/ETH) as well as stocks. just name it and the index will calculate it! There is not any such currency pair, this indicator could not be calculated. regardless of how exotic or rare this currency is, this currency meter will always be able to calculate it in real time. Sounds good, doesn’t it? check and test it, because it really is.
All you have to do is enter the names of the four currencies and let the indicator do all the calculations. This indicator has one very useful function: just enter the name of the desired currency, and it will scan all pairs on your MetaTrader 4 terminal and find the most suitable pair for this currency in real time.
If the specified currency is strong, the indicator will simply scan all pairs and find the weakest currency that can be traded on the selected currency. And if the specified currency is weak, the indicator will scan all pairs and find the strongest pair that can be traded on the selected currency! See the screenshots below.
[spoiler title=”Read More…”]
Input parameters:
- TIME_FRAME – timeframe. The indicator works on all timeframes from minute to monthly! When you select current, the current timeframe of the chart will be used.
- PERIOD – the number of candlesticks to calculate. 0 is the current candle.
- first_currency – name of the first currency to calculate the strength (case sensitive).
- second_currency – name of the second currency to calculate the strength (case sensitive).
- third_currency – name of the third currency to calculate the strength (case-sensitive).
- fourth_currency – name of the fourth currency to calculate the strength (case sensitive).
- first_color – color of the first currency.
- second_color – color of the second currency.
- third_color – the color of the third currency.
- fourth_color – color of the fourth currency.
- Font_1 – font of objects on the right side of the graph.
- Font_2 – font of objects on the left side of the graph.
- ALERT
- alert_pair-sending alerts if two currencies are moving in different directions. This means that one currency is strongand the other is weak. This means that the strength of one currency exceeds 70%, and the strength of the other is less than 30%.
- alert_currency-sending alerts if there is one strong or weak currency. This means that its strength is above 70% or below 30%.
- ALERT_OFF-disable alerts.
- Sound _ Alert__1 – sound alert if the currency strength is above 70% (ALERT_LEVEL_1_STRONG) or below 30% (ALERT_LEVEL_1_WEAK).
- sound_alert_2-sound alert if the currency strength is above 90% (ALERT_LEVEL_2_STRONG) or below 10% (ALERT_LEVEL_2_WEAK).
- ALERT_WHEN_STRONG
- ALERT_LEVEL_1_STRONG – the first level at which the currency becomes strong. The value must be lower than ALERT_LEVEL_2_STRONG. By default, this value is 70.
- ALERT_LEVEL_2_STRONG – the second level where the currency becomes very strong. The value must be higher than ALERT_LEVEL_1_STRONG. Here you will hear a different sound alert, which can be selected in sound_alert_1. By default this value is set to 90.
- ALERT_WHEN_WEAK
- ALERT_LEVEL_1_WEAK – the first level at which the currency becomes weak. The value must be higher than ALERT_LEVEL_2_WEAK. By default, this value is 30.
- ALERT_LEVEL_2_WEAK – the second level where the currency becomes weak. The value must be lower than ALERT_LEVEL_1_WEAK. By default, this value is 30.
- alert_pair-sending alerts if two currencies are moving in different directions. This means that one currency is strongand the other is weak. This means that the strength of one currency exceeds 70%, and the strength of the other is less than 30%.
- alert_currency-sending alerts if there is one strong or weak currency. This means that its strength is above 70% or below 30%.
- ALERT_OFF-disable alerts.
The indicator is designed for MetaTrader 5 and is an analog of my product All Currency Meter.
Link to the product: https://www.mql5.com/ru/market/product/25026
[/spoiler]