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True Currency Strength Meter

0.00

True Currency Meter with mobile and email notifications!

Have you ever wondered why the movement of some pairs is greater than the movement of others, and 100 pips on EURGBP is greater than 100 pips on EURUSD? And why do some pairs pass 200 pips during the news release, while others only pass 150 pips? The difference in such movements is based on the True Currency Strength Meter indicator, which works on 28 pairs.

We must understand that all pairs are unique and different from each other. Usually, pairs with ” GBP ” and ” JPY ” move quickly, unlike others. This True Currency Strength Meter indicator is based on calculations to determine the strength of the behavior of the eight major currencies. Given that the behavior of the pairs is different, they were all balanced based on their market movement in pips. Usually, currency strength meters do not even take into account the fact that 100 pips on EURGBP may differ from 100 pips on EURUSD. The Currency Strength Meter uses calculations of a perfect new level, in which all 28 pairs are calculated on a common basis to determine the true strength of each currency. The key to calculating the true strength of currencies is a balanced calculation.

  • TIME_FRAME – the timeframe for payments from one minute to one month
  • PERIOD – the period for the indicator to work, from 0 to infinity, for example, 5, 10, 100, 1000. * Note: The value ” 0 ” (zero) means the current candle. Example: timeframe D1 with a period of 0 indicates the strength of the currency on the current daily candle.
  • USD_COLOR – color for USD values
  • EUR_COLOR – color for EUR values
  • GBP_COLOR – color for GBP values
  • AUD_COLOR – color for AUD values
  • CAD_COLOR – color for CAD values
  • NZD_COLOR – color for NZD values
  • CHF_COLOR – color for CHF values
  • JPY_COLOR – color for the values of JPY
  • Font_1 – font size for the values displayed in the upper-right part of the indicator.
  • Font_2 – font size for the values displayed in the lower left part of the indicator.
  • Space_1-offset from the graph to display the percentage. This is the indent to the right of the indicator.
  • Space_2-offset from the graph to display the percentage. This is the margin to the left of the indicator.
  • Shift – the distance between the percentage and currency display in the upper-right corner.
  • Notification
    • Alert_PAIR-alerts when currencies move in different directions, when 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-notification that there is a strong or weak currency. This means that the strength of the currency is above 70% or below 30%.
    • Alert_PAIR_AND_CURRENCY-a combination of alerts for the pair and currency (new).
    • ALERT_OFF-disable alerts.
  • Sound _ Alert__1 – the sound of a currency strength notification above 70% (ALERT_LEVEL_1_STRONG) or below 30% (ALERT_LEVEL_1_WEAK).
  • Sound_Alert_2 – the sound of the currency strength notification above 90% (ALERT_LEVEL_2_STRONG) or below 10% (ALERT_LEVEL_2_WEAK).
  • Email_SMS_NOTIFICATION-mobile and email notifications
  • EMAIL_HEADER-header for a message sent by email or SMS
  • EMAIL_ALERT-disable the notification. The indicator can send notifications at the specified levels for pairs or currencies.
  • METAQUOTES_ALERT – enable/disable sending of notifications to the mobile terminal of MetaTrader.
  • EMAIL_SMS_HOURLY_INTERVAL – the interval between notifications in hours. For example, “4” means that the indicator will send one notification every 4 hours.
  • ALERT_WHEN_STRONG
  • ALERT_LEVEL_1_STRONG – the first level at which the currency is considered strong. The value must be below the second level of ALERT_LEVEL_2_STRONG. The default value is 70.
  • ALERT_LEVEL_2_STRONG – the second level at which the currency is considered particularly strong. The value must be higher than the ALERT_LEVEL_1_STRONG level. At this level, the indicator plays a different sound selected in Sound_Alert_1. The default value is 90.
  • ALERT_WHEN_WEAK
  • ALERT_LEVEL_1_WEAK – the first level at which the currency is considered weak. The value must be higher than the ALERT_LEVEL_2_WEAK level. The default value is 30.
  • ALERT_LEVEL_2_WEAK – the second level at which the currency is considered particularly weak. The value must be below the second level of ALERT_LEVEL_1_WEAK. The default value is 10.
  • ALERT_INTERVAL – the interval between alerts in seconds, for example, one alert every 10 seconds.

[spoiler title=”Read More…”]

  • Alert_PAIR-alerts when currencies move in different directions, when 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-notification that there is a strong or weak currency. This means that the strength of the currency is above 70% or below 30%.
  • Alert_PAIR_AND_CURRENCY-a combination of alerts for the pair and currency (new).
  • ALERT_OFF-disable alerts.

[/spoiler]

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