Multi Currency True Currency can be found within the indicators section of the MQL5 marketplace. It was uploaded by Desmond Wright on the 13th of June 2018, it has not received any further updates and is still at version 1.0.
Overview
Multi Currency True Currency is an indicator that was designed to be used with the MetaTrader 4 platform, its main purpose is to act as a multi-currency strength indicator for day traders. The indicator does not use moving averages, it works with up to 12 customizable time periods, will automatically calculate and plot previous highs and lows, along with 2 side meters showing currency strength, pair strength, points movements, percentages, and pressure.
Some of the key features provided by the indicator:
- 12 customizable time periods for days of the week to hours and minutes
- Automatic plotting of values (highest/lowest)
- Display strength lines ONLY for the chart pair
- Display the strength lines of all the currency pairs
- Display strength lines for each currency
- Strength of each currency
- Number of points the currency pair has moved
- Number of points that the asset has moved above or below the high/low lines
- Percentage of the movement
- Absolute strength (pressure)
There are also some parameters available to alter, these include bars, font sizes, spacing, line width, whether to show strength, all currencies, prefix, suffix, timeframes, and more.
Service Cost
The Multi-Currency True Currency indicator will currently cost you $30 to purchase, this will give you up to 10 activations of the indicator, there is also the option to rent it on a monthly basis which will cost you $20 per month. A free demo version is also available but the limitations of this version are not stated on the site.
Conclusion
There is only one review that is not actually giving a rating so the overall rating remains as unrated.
“I see nothing good with this currency strength. Just one of those scraps in the forex industry. No good guide.” – A rating is given.
Even though there is no rating, the review is a negative one which is not a good start, there are three comments available, two are from the developer replying to the review and comment, the replied were back in 2018, so it is not known whether they are still supporting the indicator, due to this we would suggest contacting the developer to ensure that they will be available to support you should you nee dit once a purchase or rental has been made.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/29643
