Category Trend  Published on 24/03/2023

Currency Strength Meter (Basic)

Description

New update Version 2.20; The file is named as 'Currency Strength Value'

  • Group A / B to display 8 major currencies' strengths;
  • Align all indicators at a setting DateTime (Reset-Time-Point);
  • Designed for TimeFrame by time, it also works for other types of TF;
  • Users can set Buffer-Days for preloading history bars; (Ver2.20 New Function)
  • Users can set Y-Value for each indicator at ResetTimePoint; (Ver2.20 New Function)
  • Framework .NET 6.0 ready, Source code is compatible with .NET 4.0; 

Link to: Pro version

Notes:

The attachment .algo is compiled by .NET6.0. To run with the old version (4.1.17), please copy the source code and compile it at the cTrader version to fit your environment.

Recommend USDJPY as BaseBar in the chart; 
Zoom to 5% for TimeFrame.1Minute as an intraday view, 4Minute for one week view;
Make sure to fill Reset-Time-Point within 1 or 2 days for an intraday chart, within 5-10 days for weekly chart;

Regarding ‘Source Code’ please refer to the file download, as the code in the forum doesn't auto-update to the newest version, so I have hidden it.


The author decided to hide the source code.
Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder

Joined on 03.06.2020

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: Currency Strength Value v2.20 SourceCode.algo
  • Rating: 5
  • Installs: 1786
  • Modified: 08/06/2024 01:03
Comments
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Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder · 5 months ago

Version 2.20 Add New Functions:

  • Users can set Buffer-Days for preloading history bars;
  • Users can set Y-Value for each indicator at ResetTimePoint;
dreampunchboy's avatar
dreampunchboy · 5 months ago

Thanks for the share

Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder · 1 year ago

v2.12 Optimise    : Reset DateTime Point;
This is a minor update.

Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder · 1 year ago

v2.09 Optimise    : Fixed a color code bug when running in cTrader ver 4.5.1;

Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder · 2 years ago

davidiesis

Interestingly, I designed this indicator to work only for the time frame of time format only. But, I just tested it with curiosity. Yes, it seems to be working no problem.   I will try to use the tick timeframe for the next few days and weeks. If you find any issue, please report it here or at the pro version post

Thanks.

DA
davidiesis · 2 years ago

Hi, can I run this currency strength indicator on tick charts?

Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder · 2 years ago

@Tertpar  I have no idea about the two meters calculation. But you can find my indicator’s formula in the source code. Or maybe you can set the same timeframe in my indicator as the other two in your list, and see if any difference you can find. Thanks.

Tertpar's avatar
Tertpar · 2 years ago

Does your indicator use similar calculations as similar online currency strength indicators, e.g. FXStrengthMeter or ForexMeter ?

Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder · 2 years ago

v2.03 Optimise    : Auto-load more history data;

Capt.Z-Fort.Builder's avatar
Capt.Z-Fort.Builder · 2 years ago

v1.11 Synchronize indicator calculation with Pro version;