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All Currency Strength Meter Crypto Exotic Metals

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Imagine the rarest pair. This indicator will be able to calculate its strength.

This currency strength meter literally calculates any currency pairs, be it major pairs, metals, CFDs, commodities, cryptocurrency (like Bitcoin/BTC or Ethereum/ETH), or even stocks. Just name it and the indicator will calculate it! Not a currency pair that this indicator could not calculate. No matter how rare or exotic 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 4 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 the 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.

Input parameters:

  • TIME_FRAME – timeframe, from minute to month. * Note: when selecting “current”, the current timeframe of the chart will be used.
  • PERIOD – the number of candles for calculations. * Note: the period ” 0 ” (zero) indicates the selection of the current candle.
  • First_Currency – the name of the first currency to calculate the strength. (Case-sensitive)
  • Second_Currency – the name of the second currency for calculating the strength. (Case-sensitive)
  • Third_Currency – the name of the third currency for calculating the strength. (Case-sensitive)
  • Fourth_Currency – the name of the fourth currency for calculating the strength. (Case-sensitive)
  • First_COLOR – the color of the first currency.
  • Second_COLOR – the color of the second currency.
  • Third_COLOR: the color of the third currency.
  • Fourth_COLOR – the color of the fourth currency.
  • Font_1 – font of the objects on the right side of the graph.
  • Font_2 – font of the objects on the left side of the graph.
  • ALERT
    • Alert_PAIR-sends alerts if two currencies are moving in different directions. This means that one currency is STRONG and 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 set to 70.
  • ALERT_LEVEL_2_STRONG – the second level where the currency becomes EXCESSIVELY STRONG. The value must be higher than ALERT_LEVEL_1_STRONG. Here you will hear another sound alert that you can select 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 EXCESSIVELY WEAK. The value must be lower than ALERT_LEVEL_1_WEAK. By default, this value is 30.
  • ALERT_INTERVAL – the interval between alerts in seconds. Here you can specify the interval for sending alerts, for example, 1 sound alert every 10 seconds.
  • SUGGESTED_PAIRS_SPREAD is to reduce the number of pairs on the basis of the SPREAD. Example: If a value of 5 pips is specified, the indicator will not offer pairs with a spread of 5.1 pips or higher.
  • First_CURRENCY_SPREAD – the maximum allowed spread for the first currency. *Note that the values are specified in PIPS, and 1 PIPS = 10 Points.
  • Second_CURRENCY_SPREAD – the maximum allowed spread for the second currency.
  • Third_CURRENCY_SPREAD – the maximum allowed spread for the third currency.
  • Fourth_CURRENCY_SPREAD – the maximum allowed spread for the fourth currency.

[spoiler title=”Read More…”]

  • Alert_PAIR-sends alerts if two currencies are moving in different directions. This means that one currency is STRONG and 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.

[/spoiler]

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