MCP_V2
Download script
The Multi Currency Pair (MCP) Indicator is designed to provide traders with a centralized visual dashboard that monitors the price action of several major currency pairs simultaneously. Instead of requiring you to switch between different charts to see how various currencies are performing, this script aggregates that data into a single, easy-to-read display window.
Core Functionality
The indicator operates by scanning the real-time price movements of specific currency pairs (including EUR, USD, GBP, JPY, CHF, AUD, and CAD). It evaluates whether each pair is currently trending upwards or downwards based on the relationship between the opening and closing prices of the candles.
Visual Dashboard Layout
To make the data digestible, the script organizes information into a structured grid:
- Currency Rows: The dashboard identifies specific base currencies (EUR, GBP, USD).
- Signal Grid: It creates a matrix of visual icons. These icons change color dynamically to provide an instant "at-a-glance" status update.
- Color Coding:
- Green Icons: Indicate a bullish movement (price closed higher than it opened) for that specific pair.
- Red Icons: Indicate a bearish movement (price closed lower than it opened).
Key Features
- Multi-Pair Tracking: It simultaneously monitors various cross-rates (e.g., EURUSD, GBPJPY, USDCAD, etc.), allowing you to see the "strength" or "weakness" of a currency across multiple different pairings at once.
- Trend Visualization: The script includes an optional feature to draw a trendline on your chart based on user-defined periods and shifts, helping to contextualize the broader market movement alongside the dashboard data.
- Vertical Reference: It can generate a vertical line at a specific historical point, which is useful for marking significant price levels or timeframes.
- Automated Updates: The indicator refreshes its logic automatically, ensuring that the icons on the dashboard stay current with the latest market ticks without manual intervention.
Summary of Use
This tool is intended for traders who want to monitor "inter-market" sentiment. By viewing the grid, a user can quickly identify which currencies are showing unified strength or weakness across different trading pairs, helping to inform broader trading decisions regarding currency correlations and market trends.
Price Data Components
9
Views
0
Downloads
0
Favorites
MCP_V2
//+------------------------------------------------------------------+
//| Multi currency pair Indicator DM.mq4 |
//+------------------------------------------------------------------+
#property copyright "H.Odhabi"
#property link "hodhabi@gmail.com"
#property indicator_separate_window
extern int HistoryShift = 0;
extern bool DrawVLine = false;
int EURLong=0;
int USDLong=0;
int GBPLong=0;
int scaleX=30, // horizontal interval at which the squares are created
scaleY=20, // vertical interval
offsetX=35, // horizontal indent of all squares
offsetY=20, // vertical indent
fontSize=20; // font size
extern bool enabletrendline = false;
extern int TrendPeriod = 100;
extern int TrendShift = 3;
string periodString[]={"EUR","USD","JPY","GBP","CHF","AUD","CAD"};
string signalNameString[]={"EUR","GBP", "USD"};
int init()
{
IndicatorShortName("MCP");
int windowIndex=WindowFind("MCP");
if(windowIndex<0)
{
// if the subwindow number is -1, there is an error
Print("Can\'t find window");
return(0);
}
for(int x=0;x<7;x++)
for(int y=0;y<3;y++)
{
ObjectCreate("signal"+x+y,OBJ_LABEL,windowIndex,0,0,0,0);
ObjectSet("signal"+x+y,OBJPROP_XDISTANCE,x*scaleX+offsetX);
ObjectSet("signal"+x+y,OBJPROP_YDISTANCE,y*scaleY+offsetY);
ObjectSetText("signal"+x+y,CharToStr(110),fontSize,"Wingdings",Gold);
}
for(x=0;x<7;x++)
{
ObjectCreate("textPeriod"+x,OBJ_LABEL,windowIndex,0,0,0,0);
ObjectSet("textPeriod"+x,OBJPROP_XDISTANCE,x*scaleX+offsetX);
ObjectSet("textPeriod"+x,OBJPROP_YDISTANCE,offsetY-10);
ObjectSetText("textPeriod"+x,periodString[x],8,"Tahoma",Red);
}
for(y=0;y<7;y++)
{
ObjectCreate("textSignal"+y,OBJ_LABEL,windowIndex,0,0,0,0);
ObjectSet("textSignal"+y,OBJPROP_XDISTANCE,offsetX-25);
ObjectSet("textSignal"+y,OBJPROP_YDISTANCE,y*scaleY+offsetY+8);
ObjectSetText("textSignal"+y,signalNameString[y],8,"Tahoma",Red);
}
//---- indicators
//----
if (DrawVLine == true)
{
ObjectDelete("V-Line");
ObjectCreate("V-Line",OBJ_VLINE,0,Time[HistoryShift],Bid);
ObjectSet("V-Line",OBJPROP_COLOR,Red);
ObjectSet("V-Line",OBJPROP_STYLE,1);
ObjectSet("V-Line",OBJPROP_WIDTH,2);
}
DisplaySignal();
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
for(int x=0;x<7;x++)
for(int y=0;y<3;y++)
ObjectDelete("signal"+x+y);
for(x=0;x<7;x++)
{
ObjectDelete("textPeriod"+x);
ObjectDelete("textSignal"+y);
}
ObjectDelete("TrendLine");
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
DisplaySignal();
DrawTrendLine(TrendPeriod,TrendShift);
//----
return(0);
}
void DisplaySignal()
{
int j;
double y;
double z;
double l_icci_1;
double l_icci_2;
int EURLong=0;
int USDLong=0;
int GBPLong=0;
int Ind_count = IndicatorCounted();
if (Ind_count < 0) return (-1);
if (Ind_count > 0) Ind_count--;
int lbars = Bars - Ind_count;
color Color[4];
Color[0]= DeepSkyBlue; // Object color ..
Color[1]= LightPink; // .. for different situations
Color[2]= Yellow;
Color[3]= Yellow;
int SignalMAPower=0;
int SignalRSIPower=0;
int SignalICCPower=0;
//EUR
ObjectDelete("signal"+0+"0");
if(iClose("EURUSD",0, HistoryShift)> iOpen("EURUSD",0, HistoryShift) )
{
ObjectSetText("signal"+1+"0",CharToStr(110),fontSize,"Wingdings",Green);
EURLong++;
}
else if(iClose("EURUSD",0, HistoryShift)<iOpen("EURUSD",0, HistoryShift))
{
ObjectSetText("signal"+1+"0",CharToStr(110),fontSize,"Wingdings",Red);
EURLong--;
}
if(iClose("EURJPY",0, HistoryShift)>iOpen("EURJPY",0, HistoryShift))
{
ObjectSetText("signal"+2+"0",CharToStr(110),fontSize,"Wingdings",Green);
EURLong++;
}
else if(iClose("EURJPY",0, HistoryShift)<iOpen("EURJPY",0, HistoryShift))
{
ObjectSetText("signal"+2+"0",CharToStr(110),fontSize,"Wingdings",Red);
EURLong--;
}
if(iClose("EURGBP",0, HistoryShift)>iOpen("EURGBP",0, HistoryShift))
{
ObjectSetText("signal"+3+"0",CharToStr(110),fontSize,"Wingdings",Green);
EURLong++;
}
else if(iClose("EURGBP",0, HistoryShift)<iOpen("EURGBP",0, HistoryShift))
{
ObjectSetText("signal"+3+"0",CharToStr(110),fontSize,"Wingdings",Red);
EURLong--;
}
if(iClose("EURCHF",0, HistoryShift)>iOpen("EURCHF",0, HistoryShift))
{
ObjectSetText("signal"+4+"0",CharToStr(110),fontSize,"Wingdings",Green);
EURLong++;
}
else if(iClose("EURCHF",0, HistoryShift)<iOpen("EURCHF",0, HistoryShift))
{
ObjectSetText("signal"+4+"0",CharToStr(110),fontSize,"Wingdings",Red);
EURLong--;
}
if(iClose("EURAUD",0, HistoryShift)>iOpen("EURAUD",0, HistoryShift))
{
ObjectSetText("signal"+5+"0",CharToStr(110),fontSize,"Wingdings",Green);
EURLong++;
}
else if(iClose("EURAUD",0, HistoryShift)<iOpen("EURAUD",0, HistoryShift))
{
ObjectSetText("signal"+5+"0",CharToStr(110),fontSize,"Wingdings",Red);
EURLong--;
}
if(iClose("EURCAD",0, HistoryShift)>iOpen("EURCAD",0, HistoryShift))
{
ObjectSetText("signal"+6+"0",CharToStr(110),fontSize,"Wingdings",Green);
EURLong++;
}
else if(iClose("EURCAD",0, HistoryShift)<iOpen("EURCAD",0, HistoryShift))
{
ObjectSetText("signal"+6+"0",CharToStr(110),fontSize,"Wingdings",Red);
EURLong--;
}
//GBP
if(iClose("EURGBP",0, HistoryShift)< iOpen("EURGBP",0, HistoryShift) )
{
ObjectSetText("signal"+0+"1",CharToStr(110),fontSize,"Wingdings",Green);
GBPLong++;
}
else if(iClose("EURGBP",0, HistoryShift)>iOpen("EURGBP",0, HistoryShift))
{
ObjectSetText("signal"+0+"1",CharToStr(110),fontSize,"Wingdings",Red);
GBPLong--;
}
if(iClose("GBPUSD",0, HistoryShift)>iOpen("GBPUSD",0, HistoryShift))
{
ObjectSetText("signal"+1+"1",CharToStr(110),fontSize,"Wingdings",Green);
GBPLong++;
}
else if(iClose("GBPUSD",0, HistoryShift)<iOpen("GBPUSD",0, HistoryShift))
{
ObjectSetText("signal"+1+"1",CharToStr(110),fontSize,"Wingdings",Red);
GBPLong--;
}
if(iClose("GBPJPY",0, HistoryShift)>iOpen("GBPJPY",0, HistoryShift))
{
ObjectSetText("signal"+2+"1",CharToStr(110),fontSize,"Wingdings",Green);
GBPLong++;
}
else if(iClose("GBPJPY",0, HistoryShift)<iOpen("GBPJPY",0, HistoryShift))
{
ObjectSetText("signal"+2+"1",CharToStr(110),fontSize,"Wingdings",Red);
GBPLong--;
}
ObjectDelete("signal"+3+"1");
if(iClose("GBPCHF",0, HistoryShift)>iOpen("GBPCHF",0, HistoryShift))
{
ObjectSetText("signal"+4+"1",CharToStr(110),fontSize,"Wingdings",Green);
GBPLong++;
}
else if(iClose("GBPCHF",0, HistoryShift)<iOpen("GBPCHF",0, HistoryShift))
{
ObjectSetText("signal"+4+"1",CharToStr(110),fontSize,"Wingdings",Red);
GBPLong--;
}
if(iClose("GBPAUD",0, HistoryShift)>iOpen("GBPAUD",0, HistoryShift))
{
ObjectSetText("signal"+5+"1",CharToStr(110),fontSize,"Wingdings",Green);
GBPLong++;
}
else if(iClose("GBPAUD",0, HistoryShift)<iOpen("GBPAUD",0, HistoryShift))
{
ObjectSetText("signal"+5+"1",CharToStr(110),fontSize,"Wingdings",Red);
GBPLong--;
}
if(iClose("GBPCAD",0, HistoryShift)>iOpen("GBPCAD",0, HistoryShift))
{
ObjectSetText("signal"+6+"1",CharToStr(110),fontSize,"Wingdings",Green);
GBPLong++;
}
else if(iClose("GBPCAD",0, HistoryShift)<iOpen("GBPCAD",0, HistoryShift))
{
ObjectSetText("signal"+6+"1",CharToStr(110),fontSize,"Wingdings",Red);
GBPLong--;
}
//USD
if(iClose("EURUSD",0, HistoryShift)< iOpen("EURUSD",0, HistoryShift) )
{
ObjectSetText("signal"+0+"2",CharToStr(110),fontSize,"Wingdings",Green);
USDLong++;
}
else if(iClose("EURUSD",0, HistoryShift)>iOpen("EURUSD",0, HistoryShift))
{
ObjectSetText("signal"+0+"2",CharToStr(110),fontSize,"Wingdings",Red);
USDLong--;
}
ObjectDelete("signal"+1+"2");
if(iClose("USDJPY",0, HistoryShift)>iOpen("USDJPY",0, HistoryShift))
{
ObjectSetText("signal"+2+"2",CharToStr(110),fontSize,"Wingdings",Green);
USDLong++;
}
else if(iClose("USDJPY",0, HistoryShift)<iOpen("USDJPY",0, HistoryShift))
{
ObjectSetText("signal"+2+"2",CharToStr(110),fontSize,"Wingdings",Red);
USDLong--;
}
if(iClose("GBPUSD",0, HistoryShift)<iOpen("GBPUSD",0, HistoryShift))
{
ObjectSetText("signal"+3+"2",CharToStr(110),fontSize,"Wingdings",Green);
USDLong++;
}
else if(iClose("GBPUSD",0, HistoryShift)>iOpen("GBPUSD",0, HistoryShift))
{
ObjectSetText("signal"+3+"2",CharToStr(110),fontSize,"Wingdings",Red);
USDLong--;
}
if(iClose("USDCHF",0, HistoryShift)>iOpen("USDCHF",0, HistoryShift))
{
ObjectSetText("signal"+4+"2",CharToStr(110),fontSize,"Wingdings",Green);
USDLong++;
}
else if(iClose("USDCHF",0, HistoryShift)<iOpen("USDCHF",0, HistoryShift))
{
ObjectSetText("signal"+4+"2",CharToStr(110),fontSize,"Wingdings",Red);
USDLong--;
}
if(iClose("AUDUSD",0, HistoryShift)<iOpen("AUDUSD",0, HistoryShift))
{
ObjectSetText("signal"+5+"2",CharToStr(110),fontSize,"Wingdings",Green);
USDLong++;
}
else if(iClose("AUDUSD",0, HistoryShift)>iOpen("AUDUSD",0, HistoryShift))
{
ObjectSetText("signal"+5+"2",CharToStr(110),fontSize,"Wingdings",Red);
USDLong--;
}
if(iClose("USDCAD",0, HistoryShift)>iOpen("USDCAD",0, HistoryShift))
{
ObjectSetText("signal"+6+"2",CharToStr(110),fontSize,"Wingdings",Green);
USDLong++;
}
else if(iClose("USDCAD",0, HistoryShift)<iOpen("USDCAD",0, HistoryShift))
{
ObjectSetText("signal"+6+"2",CharToStr(110),fontSize,"Wingdings",Red);
USDLong--;
}
}
void DrawTrendLine(int period, int shift)
{
if (enabletrendline==true)
{
ObjectDelete("TrendLine");
ObjectCreate("TrendLine",OBJ_TREND,0,Time[period],Close[period],Time[shift],Close[shift],0,0);
ObjectSet("TrendLine",OBJPROP_COLOR,Red);
ObjectSet("TrendLine",OBJPROP_WIDTH,3);
}
}
//+------------------------------------------------------------------+
Comments