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Indicator: Advanced Currency Strength 28_fix_fix.ex4 v6.2 (Unlocked MT4 Build 1420+), 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.