Latest Version: 1.31
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There is a quite well known Excel spreadsheet that uses the DDE capabilities of MT4 to calculate the currency strength using a formula based on the D1 high, D1 low and bid:
As a spin-off from a different project I'm working on, I have ported this to MT4.
It is a simpleEA indicator that should replicate the results of the excel spreadsheet.
It has a few other enhancements (alerts, ability to select other timeframes for the calculation, click-to-open-with-template-applied for each pair) but overall it is a relatively simple thing.
I'm creating a thread here because:
1. A few different systems on FF use the currency strength meter so it makes more sense to have a single thread for it; and
2. It avoids going off-topic on those threads
Please note: it is a (non-trading) EA so you need to put it in the Experts folder.
Some background info and questions answered
First post
Warning messages / Missing pairs
Alerts and waiting
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There is a quite well known Excel spreadsheet that uses the DDE capabilities of MT4 to calculate the currency strength using a formula based on the D1 high, D1 low and bid:
As a spin-off from a different project I'm working on, I have ported this to MT4.
It is a simple
It has a few other enhancements (alerts, ability to select other timeframes for the calculation, click-to-open-with-template-applied for each pair) but overall it is a relatively simple thing.
I'm creating a thread here because:
1. A few different systems on FF use the currency strength meter so it makes more sense to have a single thread for it; and
2. It avoids going off-topic on those threads
Some background info and questions answered
First post
Warning messages / Missing pairs
Alerts and waiting