Currency Strength Matrix

[Enivid]

Discuss Currency Strength Matrix indicator in this thread. Th is multi-timeframe and multi-currency indicator measure total strength of a given currency based on several currency pairs. It is a free indicator for MT4 and MT5 platforms. You can ask any questions about this indicator here.

 

[Enivid]

Version 1.04 released with multiple improvements for the Currency Strength Matrix.

 

[4tunembassy]

What other best indicator that can be used with this currency strength matrix? I mean for confirmation

 

[Enivid]

What other best indicator that can be used with this currency strength matrix? I mean for confirmation

Sentiment.

 

[4tunembassy]

Sentiment.

Please assist me with the link. Thanks

 

[Enivid]

Please assist me with the link. Thanks

https://www.earnforex.com/guides/how-to-measure-retail-forex-market-sentiment/

 

[Enivid]

Version 1.05 of the Currency Strength Matrix indicator released to fix some serious bugs. It's recommended to update.

 

[Jaynaire]

Thanks for this useful indicator.

Pls what's the meaning of the accelerator colors - pale green and yellow?

 

[Enivid]

Thanks for this useful indicator.

Pls what's the meaning of the accelerator colors - pale green and yellow?

Could you please show a screenshot of what you are asking about?

 

[Jaynaire]

Could you please show a screenshot of what you are asking about?

I mean the pale green and yellow colors. What do they signify?

 

[Enivid]

I mean the pale green and yellow colors. What do they signify?

Sorry! Now I see what you are asking about.
Pale green = Positive value but falling.
Yellow = Negative value but rising.

 

[oliveiratrading]

Version 1.05 of the Currency Strength Matrix indicator released to fix some serious bugs. It's recommended to update.

very useful indicator within my setup, in the mt5 version it does not have the MA DIFFERENCE option that it has in mt4. Would an update with this option be possible for mt5?

 

[Charlotte_Nguyen]

Why can't I spot this indicator in my MT5? It's not available?

 

[Enivid]

Why can't I spot this indicator in my MT5? It's not available?

Have you installed it?

 

[teunnatrejoddei14]

I am looking for MT5 too

 

[Enivid]

A big update for Currency Strength Matrix in its version 1.06:

• Added RSI and Stochastic methods for currency strength calculation.
• Added MA smoothing option to the MT5 version of the indicator. (@oliveiratrading)
• Added indicator buffers to enable using the Currency Strength Matrix output values in other indicators and expert advisors.
• Fixed some delays with chart objects in MT5.
• Improved input parameter descriptions.