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Metatrader Indicators 20-03-2018 21:37

USD Strength Effect Indicator indicator for MetaTrader 4
 
2 Attachment(s)
Attachment 3538
<p>See what effect 7 pairs structured on a single base currency may have on the currency you are trading. Very configurable.</p><p>The Indicator assigns a value to each pair depending whether both moving averages are going up or down and a reduced value if the fast ma is moving opposite to the slow ma. There are finite levels with 10 being maximum and -10 being minimum. 10 denotes that your currency is overbought while -10 denotes oversold.</p><p>There is a distinction made between a Major pair such as USDCHF (base first) and a Minor pair such as AUDUSD (base last). You can elect 3 major pairs and 4 minor pairs to be used in calculations using the same base currency in all. The defaults work well and you will probably never need to change them.</p><p>As an interesting side note, if you wanted to use the AUD as the base currency you could elect three major AUD pairs and 4 minor AUD pairs and you would then get the effect of overall AUD performance. This may be of use if you only traded Tokyo or such.</p><p>Works well as a confirming signal to other indicators such as Williams Percent Range etc, and often appears predictive.</p><p>You can call the iCustom with the following code line if you want an extra confirmation inside an Expert Advisor or such.</p><p>double val=iCustom(NULL, 0, "Brooky_USD_Strength",".",".","USDCHF","USDJPY","U SDCAD",".","AUDUSD","EURUSD","GBPUSD","NZDUSD","." ,55,34,".",15,".",0,1,0);</p><p>Change the 55 and 34 at the end to reflect slow and fast Moving Averages which are used for strength calculations if you want.</p><p>if(val>=8) denotes overbought. if(val<=-8) denotes oversold.</p><p>How to install USD Strength Effect Indicator indicator for MetaTrader 4.mq4?</p><ul><br>Download USD Strength Effect Indicator indicator for MetaTrader 4.mq4<br>Copy USD Strength Effect Indicator indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /<br>Start or restart your Metatrader 4 Client<br>Select Chart and Timeframe where you want to test your MT4 indicators<br>Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client<br>Right click on USD Strength Effect Indicator indicator for MetaTrader 4.mq4<br>Attach to a chart<br>Modify settings or press ok<br>Indicator USD Strength Effect Indicator indicator for MetaTrader 4.mq4 is available on your Chart<br></ul><p>How to remove USD Strength Effect Indicator indicator for MetaTrader 4.mq4 from your Metatrader Chart?</p><ul><br>Select the Chart where is the Indicator running in your Metatrader 4 Client<br>Right click into the Chart<br>"Indicators list"<br>Select the Indicator and delete<br></ul><p> </p><p>Click here below to download:</p>


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