VR MULTI PRICES ANALYSIS

The indicator analyses and obtains information concerning the trading pair regarding the list of selected currencies. The indicator supports manual analysis of any period of the trading pair.

How to define which currency is stronger and which one is weaker? Which currency has demand and which currency is supplied?

EUR/USD consists of EUR and USD. Except of USD, other currencies, such as CHF, CAD, JPY, GBP etc., can be quoted against EUR

After analyzing trader's behavior on other currencies, we can see what they are interested in, if they buy or sell EUR for other currencies. We also obtain information concerning the second currency (USD).

We can also estimate if traders are interested in this currency today.

Screenshot below represents an analysis of the morning range where we can see that the amount of EUR buyers exceeds the amount of USD buyers. Further we can see that amount of bought EUR is growing which results in EUR/USD growth.

Settings:

• Symbol - Symbol for analysis; if not set then the symbol the indicator is running on, specified with a prefix
• SymbolPrifix - symbol prefix (e.g. EURUSD.m prefix .m)
• ColorSkins - the color scheme
• Transparency - transparency of text label

Showed Informations

First window:

• Percentage growth per first-order currencies
• Names of selected currencies
• Percent in digits

Second window:

• Percentage growth per second-order currencies
• Names of selected currencies
• Percent in digits

Text labels display average statistical data

• Average percent of selected currency pairs
• Average volume of selected currency pairs

Red vertical line is a data reference mark for all currencies of the first and the second order, green vertical line shows the end of data.

Moving lines along the time, you can analyze the trading pair's behavior at the historic period.

Data are automatically calculated or updated if the green line is on future time.

The indicator is written in such a way that a working function can be imported into any other indicator or Expert Advisor, i.e. indicator data related to specific currencies can be imported to an Expert Advisor.

import example:

Declare import at the beginning of the code:

#property strict
#property indicator_chart_window
#import "Market\VR-Multi Price Analisys.ex4"     // Path to a directory with an indicator file
void importVR_Multi_Price_Analisys(string,int,string,uchar,double &,double &,double &);
#import

Next call the working function of the two standard functions:

onChartEvent (for fast handling of mouse clicks)

onTick (for receiving market information)

//+------------------------------------------------------------------+
void OnChartEvent(const int id,
                  const long &lparam,
                  const double &dparam,
                  const string &sparam)
  {
   double pers=0,pera=0,perb=0;
   if(id==CHARTEVENT_CLICK)
     {
      importVR_Multi_Price_Analisys(Symbol(),0,"",200,pers,pera,perb);
     }
  }
//+------------------------------------------------------------------+

And

//+------------------------------------------------------------------+
void OnTick()
{
double pers=0,pera=0,perb=0;
importVR_Multi_Price_Analisys(Symbol(),0,"",200,pers,pera,perb);
}
//+------------------------------------------------------------------+

Function explanation:

importVR_Multi_Price_Analisys(
                              string    symbol_,        // Analyzed symbol EURUSD
                              int       Skins_,         // Color setting of the program 0,1,2
                              string    SymbolPrefix,   // Prefix of symbols  .m
                              uchar     transparency,   // Transparency of labels   0-255
                              double   &symbol_percent, // Takes the values of growth or fall of the main analyzed pair
                              double   &symbol_percentA,// Takes the average growth/fall value for the first main pair
                              double   &symbol_percentB // Takes the average growth/fall value for the second main pair
                              );

Developed by the founder of "Trading-Go Projects".