Advanced Currency Strength28 Indicator

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Content: Indicator: Advanced Currency Strength 28_fix_fix.ex4 v6.2 (Unlocked-Unlimited), UserGuide.

 

Advanced Currency Strength28 Indicator

Best Solution for Newbie and Expert Traders!

Overview

This unique, high-quality, and affordable trading tool revolutionizes how you trade Forex by displaying currency strength for all 28 currency pairs on a single chart! With just one chart, you can instantly identify the strongest and weakest currencies, enabling you to pinpoint precise entry points for new trends or scalping opportunities.

Key Features

• Currency Momentum GAP Arrows:
  Arrows in the sub-window visually highlight strong currency momentum gaps, guiding your trading decisions.

• Oversold/Overbought Alerts:
  Warning signs appear in the main chart window when the base or quote currency enters oversold or overbought zones—determined by dynamic outer market Fibonacci levels.

• Pullback/Reversal Alerts:
  Get notified when currency strength retracts from the outer range, signaling possible pullbacks or reversals.

• Cross Pattern Alerts:
  Special alerts detect important cross patterns between currencies, enhancing your market timing.

• Multi-Timeframe Support:
  Smooth currency strength lines across all timeframes, optimized individually for each. Identify the general trend on a higher timeframe and refine your entry points using shorter timeframes.

• New Proprietary Algorithm:
  Incorporates Market Momentum (the 9th line) and dynamic Market Fibonacci levels that adjust to current market conditions, providing a cutting-edge edge in Forex trading.

How It Works

• Visualizes Currency Strength & Weakness:
  The indicator graphically displays whether a currency’s strength is rising or falling, supported by historical data via dynamic Market Fibonacci buffers.

• Market Momentum Line:
  This innovative feature shows the speed of change in currency strength, helping you decide whether to follow the trend, expect continuation, or prepare for a pullback.

• Dynamic Market Fibonacci Levels:
  Adapt to ongoing market activity, providing accurate support/resistance and warning zones.

Settings Overview

Currency Strength Time Frame (TF) Settings:

• Use a higher timeframe for confirmations (option to add the indicator multiple times).

Chart Settings:

• Tailored to currency-specific characteristics.

• Toggle GAP arrows in the sub-window.

• Configure outer Market Fibonacci stops for pullback alerts.

• Quick pair switching by clicking currency names directly on the chart.

• Option to open new charts in separate windows for uninterrupted analysis.

Alert Settings:

• Alerts for outer Market Fibonacci triggers and pullbacks.

• Adjustable trigger levels and minimum GAP slopes.

• Alerts for currency cross events with visual indicators like triangles and vertical lines.

Tips for Optimal Use

• Use the provided template and manual for quick setup.

• Open charts in new windows to avoid indicator interruptions.

• Focus on higher timeframe trends (currency GAP) for stronger setups.

• Look for double-GAP patterns as reliable trade setups.

• To keep MT4 charts fully updated, the indicator opens 7 support charts automatically (can be disabled).

Why Choose This Indicator?

• Covers all 28 Forex pairs simultaneously — a unique all-in-one tool.

• Proprietary momentum and Fibonacci features not found elsewhere.

• Suitable for both newbie traders and seasoned experts.

• Helps you trade smarter, not harder, by clearly indicating when to trade, when to hold back, and when to take profits.