MultiPairTrend''_
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This tool is designed to provide a comprehensive overview of market dynamics by analyzing the price movements of several major global currencies simultaneously. Instead of looking at just one pair, it synthesizes data from multiple markets to create a multi-dimensional view of currency strength and behavior.
How the Logic Works
The script operates by calculating specific price trends for a diverse group of currency pairs, including EURUSD, GBPUSD, AUDUSD, USDCHF, USDJPY, NZDUSD, and USDCAD. It uses a specialized moving average calculation to determine "momentum" for each individual currency.
Specifically, it measures the difference between the current moving average and its value from a few bars back. This allows the tool to identify whether a specific currency is strengthening or weakening in real-time.
Key Features of the Analysis:
- Multi-Currency Monitoring: The script tracks seven different major currency pairs at once. By observing these simultaneously, it can help identify broader market shifts that might be invisible when looking at a single chart.
- Dynamic Calculation: Each currency's movement is calculated based on a customizable average period and a "delta" (a specific offset in time). This helps smooth out minor market noise while highlighting significant trend changes.
- The "USD" Composite Index: One of the most unique features of this logic is how it calculates the final data point for the US Dollar. It takes the movements of the other currencies, combines them, and uses a mathematical formula to derive a representative value for the USD. This provides a bird's-eye view of how the world's primary reserve currency is behaving relative to all other major markets combined.
- Visual Representation: The results are plotted as eight distinct lines in a separate window. This allows traders to see the "pulse" of the market—where lines move up, down, or cross one another—providing a visual summary of global currency flow.
Summary for the User
Think of this script as a dashboard that monitors the health of different global economies at once. Rather than watching seven different charts, you can view the relative strength and momentum of these currencies in one unified display, making it easier to spot overarching trends in the foreign exchange market.
Indicators Used
Miscellaneous
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MultiPairTrend''_
//+------------------------------------------------------------------+
//| MultiMA.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Àëåêñàíäð Àðçóìàíîâ"
#property link "arzuma@helios.ru"
#property indicator_separate_window
#property indicator_buffers 8
#property indicator_color1 Red
#property indicator_color2 Blue
#property indicator_color3 Orange
#property indicator_color4 White
#property indicator_color5 Yellow
#property indicator_color6 Aqua
#property indicator_color7 Gray
#property indicator_color8 Lime
double EUR,GBP,AUD,CHF,JPY,NZD,CAD,USD;
//extern string Curency = "EUR";
extern int PerAvr=34,Delta=3;
double Idx[],Idx1[],Idx2[],Idx3[],Idx4[],Idx5[],Idx6[],Idx7[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(0,Idx);
SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(1,Idx1);
SetIndexStyle(2,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(2,Idx2);
SetIndexStyle(3,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(3,Idx3);
SetIndexStyle(4,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(4,Idx4);
SetIndexStyle(5,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(5,Idx5);
SetIndexStyle(6,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(6,Idx6);
SetIndexStyle(7,DRAW_LINE,STYLE_SOLID,3);
SetIndexBuffer(7,Idx7);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
int limit=Bars-counted_bars;
for(int i=limit; i>=0; i--)
{
EUR=(iMA("EURUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i)-iMA("EURUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta));
GBP=(iMA("GBPUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i)-iMA("GBPUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta));
AUD=(iMA("AUDUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i)-iMA("AUDUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta));
CHF=(iMA("USDCHF",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta)-iMA("USDCHF",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i));
JPY=(iMA("USDJPY",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta)-iMA("USDJPY",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i))/100;
NZD=(iMA("NZDUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta)-iMA("NZDUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i));
CAD=(iMA("USDCAD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta)-iMA("USDCAD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i));
USD=-(EUR+GBP+AUD+CHF+NZD+CAD+JPY)/6;
//if (Curency == "EUR")
Idx[i] = EUR;
//if (Curency == "GBP")
Idx1[i] = GBP;
//if (Curency == "AUD")
Idx2[i] = AUD;
//if (Curency == "CHF")
Idx3[i] = CHF;
//if (Curency == "JPY")
Idx4[i] = JPY;
//if (Curency == "NZD")
Idx5[i] = NZD;
Idx6[i] = CAD;
Idx7[i] = USD;
}
//----
//----
return(0);
}
//+------------------------------------------------------------------+
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