It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol!
This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show true currency strength accelerating (Impulse or speed) of Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH etc.
Built on new underlying algorithms it makes it even easier to identify and confirm potential trades. This is because it graphically shows whether the strength or weakness of a currency is accelerating or not and measures the speed of that acceleration - think of it like the speedometer in your car. When you accelerate things obviously happen faster which is the same in the Forex market i.e. if you pair currencies that are accelerating in the opposite directions you have identified a potentially profitable trade.
The dynamical Market Fibonacci 28 level is used as an alert trigger and will adapt to market activity. If the impulse hits the yellow trigger line you will receive an alert. Then you know as a trader what to do. The pair and direction are already given. Just click on the alert button to switch to the pair or to open a new chart for your further analysis. The alert level can be modified.
Vertical lines and arrows for currency momentum will guide your trading!
This is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity
=== EXOTIC settings
fix EXOTIC pair name (empty for XAUUSD and auto detect) (enter exotic pair name be fixed)
auto-get EXOTIC pair name from chart (do auto detect exotic pair name from the chart)
EXOTIC reverse line manually (Gold is reversed) (most products need be line-reversed because priced in USD)
autodetect EXOTIC to reverse line (Automates the function above. If USD is found as base currency like USDMXN, USDSEK, the line will not be reversed.
suffix for currency pairs (if EURUSD is called like EURUSDm then enter m)
=== Indicator Settings
Impulse Sensitivity - Slow/Medium/Fast.
draw bull and bear V-Line - Currency strength sentiment.
show Bars back
=== Alert Settings
alert on the live or closed candle.
CS-Impulse Trigger at market Fib (higher=stronger).
draw arrow for Impulse alert.
=== General Alert Settings
Popup Alerts - popup MetaTrader 4 alerts. It will tell strongest or weakest currency, value, possible trade pair.
Send email alerts and send push alerts - to your phone.
=== Color settings
You know how to use it. Euro is white, please change if you use white chart background.