Strength

True RVI – Relative Strength Index (liveliness) of market – indicator MetaTrader 5

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Fig.1 The True RVI indicator
The real author: VladMsk An alternative replacement for the standard RVI indicator which considers trades volume. This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 15.06.2010.   Fig.1 The True RVI indicator True RVI – Relative Strength Index (liveliness) of market – indicator MetaTrader 5

USD Strength Indicator CUSIV01 – indicator MetaTrader 4

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USD Strength Indicator CUSIV01 - indicator for MetaTrader 4
Coensio USD strength indicator (CUSIV01) measures the momentary USD strength, using combined data from the following four USD pairs: EURUSD, GBPUSD, AUDUSD and USDJPY. The USD “momentary strength” of each pair is determined by measuring distance (in pips) of each closed candle w.r.t exponential moving average line e.g.: ΔEURUSD = (Close[n]-EMA50[n]) / PipValue. The combined … Read more