The Advanced Dashboard for Currency Strength and Speed can be found within the indicator section of the MQL5 market, we have added a link below to this exact indicator. The indicator was uploaded by Bernhard Schweigert, its creator on the 13th of October 2017, there have been a few updates, the most recent update was on the 17th of January 2020 and this brought the indicator cup to version 1.6.
The Advanced Dashboard for Currency Strength and Speed is an indicator and dashboard for the MetaTrader 4 trading platform. It currently works on 28 currency pairs and is based on two other indicators (Advanced Currency Strength 28 and Advanced Currency Impulse).
The way it works it’s by giving an overview of the entire forex market, it will show advanced currency strength values, currency speed of movement, and signals for the 28 currency pairs on all available timeframes.
The main features of this indicator:
-Shows currency strength values of ACS28 and GAP-speed (Impulse) in each timeframe.
-Columns: the color codes show currency strength in 7 colors: strong extreme/stronger/strong/neutral/weak/weaker/weak extreme.
-Left Column: Shows a currency trend with a strength rating of all timeframes with a trend alert.
-If 3 timeframes in a row agree, 3 those blocks are highlighted showing a total rating.
-If there is a pattern, a button appears below the timeframe column for the strongest possible pair with an alert.
-Click on the button to open a chart for that pair/timeframe.
-Quick chart buttons: click 2 currency names to open any pair in a new window.
-Auto-update quote charts for all 28 pairs and timeframe will keep all MetaTrader 4 data current.
There is also a range of parameters and settings available which can alter the way the indicator works and displays, some of these include alert settings such as alert windows, popup alerts, email alerts, alerts for different timeframes. There is also a color setting for changing the colors of the lines and boxes, and finally, there are settings to choose where it will auto open charts, use specific characteristics, and more.
You are not actually able to purchase this indicator outright, instead, you are required to rent it, you can rent it in two different increments, the first being for a three-month period, this will cost you $165, you can also rent it for a one year period which will cost you $199 per year. There is a free demo version to test out, however, we do not know what the limitations of this free version are as they are not stated on the website.
There are currently 54 different user revies for this indicator, the majority are very positive and the indicator has an overall rating of 4.5 stars out of 5.
“This is a very good indicator. It gives you an overview of the whole forex market in terms of currency strength and speed. You can push alert buttons and open charts in the same chart window or different chart window. I use a different chart window and put the Advanced Supply Demand, ACS8, Impulse, and volume indicator on it and set it as default. Then when you push the alert button it opens chart with all your indicators on it. I like it very much. It gives you alerts which you can configure to your trading style. Love it. Very good support also. Thank you Bernhard.” – A 5-star review.
“Its Overprice and cant be just a Standalone trading system !!. And yes the price moves away while you are just trying to confirm is it as per rules or not (( to many rules !! )) so what is the use of it; its a nice indicator to give an overall picture of the market. BUT the cost for me I regret buying it.” – A 1-star review.
“Good product to predict which currencies to trade.” – A 5-star review.
So the majority of reviews are very positive, even with the great reviews and support(the creator is actively replying to emails), we would recommend that you download and try out the free version of the indicator, just to make sure that it does, in fact, suit your requirements and that it is something that you actually need.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/25461