Multi Currency True Strength

Are you a day/week/month trader, or even a quick scalper? MCTS will show you the best trending currencies to trade on any timeframe.

By using a unique algorithm MCTS measures the strengths of individual currencies and then combines them into pairs to show you the best pairs to trade.

Monitor all 8 major currencies and all 28 pairs.

Monitors the strengths of the following currencies: EUR, USD, GBP, JPY, AUD, NZD, CHF, CAD.

Measure the true strength of a currency on any timeframe.

Know which currency is trending up or down.

Technical

This indicator shows multiple individual currency strengths as measured against all the other currencies from a starting point which is the timeframe. It measures the price movements of the applied chart currency pair comparing the base and counter currency occurring in all the other base/counter currencies and shows the strength movements.

The strength of the currency is measured from a starting point (timeframe) until the next staring point (timeframe).

Features

• single or all currencies graph
• change timeframe
• histogram function on single currency pair
• automatic highlight of currency on currency chart
• automatic sorting of best up trending currency pairs with spread
• automatic sorting of best down trending currency pairs with spread
• easily change displayed currency pairs by clicking on the indicator
• meter sidebar showing the values of each of the 8 majors

Inputs

• dif - This is the strength difference to put a arrow on the chart
• timeframe - drop-down: choose any timeframe
• width - the line thickness
• font_size - drop-down: choose from the drop-down menu the font size
• type - drop-down: choose from the drop-down menu line or histogram
• if choosing histogram select 'current_only' to true
• current_only - drop-down: choose true or false to show all or only current currency
• alerts - drop-down: This will put up the alert box and draw the arrows on the chart
• bars - choose the number of bars to calculate back.
• suffix - input the currency pair suffix if your broker uses one.