MarketMeter
It is easy to use for multiple timeframe indicator cluster analysis of these currencies. It provides a simple but at the same time effective signals for trade and gives them numerical estimates signal strength as a percentage.
After placing the indicator on the chart, it displays a table with the following structure: all of the characters for which there are trading opportunities at the moment, are listed in rows and trading strategies - in columns: short-term (short-term, hours), mid-term (mid-term, days), long-term (long-term, a week). In the last column "Total" shows a generalized, the most reliable estimate of the market in general. At the intersection of the row and column displays the signal strength: positive - for the purchase, negative - for sale. The names of characters, which are displayed in all columns are the same signals (no empty cells), displayed a bright color (blue - buy, red - for sale). If there are gaps in the character of a column corresponding to the color darkens. In the presence of opposing signals on a single line symbol color - gray.
Options:
- Instruments - tool list, separated by commas; Instruments should have a common currency; Forex symbol is selected from either the base currency or quote currency as the only component that is present in all the characters; other tickers (not FX) when the auto-negotiation fails, the common currency is taken from the parameter DefaultBase (here the word 'base' denotes a common basis between all tickers and not in the base currency Forex context); The default tool list includes the major currencies Forex EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDCAD, NZDUSD. Please note that the NZDUSD is not available on some demo servers, so do not forget to edit the list accordingly;
- DefaultBase - the common currency; It used only if the auto-detection does not work;
- MA_Method - the moving average method (the default - linear weighted);
- Price - type of prices moving average (default - weighted price);
- Threshold - minimum signal strength that will be displayed in the table (the default - 50);
- ShowShortTerm - show (true) or not (false) short-term column (by default - true);
- ShowMidTerm - show (true) or not (false) mid-term column (by default - true);
- ShowLongTerm - show (true) or not (false) long-term column (by default - true); NB: the column "Total" is displayed at all times;
- Corner -
angle graph, a table where output (default - 1 - upper right, other values are: 0 - the upper left, 2 - bottom left; 3 - lower right); - CellWidth - the width of the table cells (default - 75);
- CellHeight - height table cells (default - 20);
- ColorBG - background color of the table (by default - black).
Indicator requires that all tools listed in the settings are available in the market survey. At the initial public offering on the chart may take some time to calculate. If any data is missing or out of sync tools, a message "NO DATA", and the details are written to the log. After receiving such a message, open a few seconds the indicator dialog and apply settings once - the data is likely to have already been received and counted.
When under the chosen conditions the signals are not available, the indicator displays "NO SIGNALS" message.
The indicator works on bars, tics are not processed.
Inside the indicator used algorithms, similar to a related indicator CCFpExtraSuperMulti. It can be used for a more detailed analysis of the market on arbitrary timeframes and historical perspectives, including the dynamics of change.
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