Originally Posted by ak20

Hi everyone,

I have coded two variations of the original !xMeter. One is similar except that it only has the major five currencies (EUR, USD, GBP, CHF, JPY). I dropped the CAD and AUD since I don't trade these myself. I also extended the scale from five steps to ten. You have to run this file as an EA.

The second file is an indicator based on this EA. The advantage of the indicator is that it can show you the history. I wasn't aware that TRO had already coded something similar... I hope my version will still add some functionality that people will like. It was a good exercise in coding anyway :-)

The indicator is very flexible in the way you can decide which part of the history you want to view. See the comments in the source for a full explanation.

You can smooth the lines if you like, making them less squiggly in TRO-speak ;-) This is done using a Wilder EMA.

It also has a switch that ensures only the lines from the currency in the current chart are shown (looking at the EURUSD chart, it hides the other lines, switch to GBPJPY and it shows the GBP and JPY automatically).

And finally, you can change over what period it calculates the high, low and range. Choose either 'since midnight' as in the original, or make it look at a rolling window of e.g. 12 hours.

I hope you guys find this indicator useful. Let me know what you think of it!

Expert: !xMeter_EA Major_5 v02.mq4
Attachment 53279

Indicator: !xMeter_EA Major_5 Indy v02.mq4
Attachment 53280

Originally Posted by ak20

Some screenshots to show the indicator and the EA described in the previous post in action...

The difference between smoothed and choppy
Attachment 53283


Example of just showing EURUSD lines and GBPUSD lines. If you drag another symbol to the chart, the lines will switch automatically
Attachment 53284


The EA with only the major 5
Attachment 53285

Originally Posted by ak20

Hi Abouelzelouf,

You can control this with the input variable 'showAllCurrencies'. You can set this to TRUE or FALSE when you add the indicator to the chart.

Set showAllCurrencies to FALSE and only the lines for the current symbol will be shown. So if you attach the indicator to a EURUSD chart it will show only the EUR and USD lines.
The indicator detects which symbol is loaded, so if you change the symbol (from the market watch window, drag the CHFJPY to the chart) it will show the two lines for the new symbol in the chart.

Note that with 'showAllCurrencies' set to FALSE on e.g. a USDCAD chart it shows only the USD line, and on a AUDNZD chart it wouldn't show any line at all because it only calculates values for the EUR, USD, GBP, JPY and CHF.

If you leave the value to TRUE, it will always show all five lines regardless of the symbol in the chart.

Originally Posted by ak20

Hi Abouelzelouf,

You can control this with the input variable 'showAllCurrencies'. You can set this to TRUE or FALSE when you add the indicator to the chart.

Set showAllCurrencies to FALSE and only the lines for the current symbol will be shown. So if you attach the indicator to a EURUSD chart it will show only the EUR and USD lines.
The indicator detects which symbol is loaded, so if you change the symbol (from the market watch window, drag the CHFJPY to the chart) it will show the two lines for the new symbol in the chart.

Note that with 'showAllCurrencies' set to FALSE on e.g. a USDCAD chart it shows only the USD line, and on a AUDNZD chart it wouldn't show any line at all because it only calculates values for the EUR, USD, GBP, JPY and CHF.

If you leave the value to TRUE, it will always show all five lines regardless of the symbol in the chart.

Originally Posted by ak20

Abouelzelouf,

The new version is ready :-) I put it in the original post in entry #250

You can now choose which currencies you want to include in the indicator.

The load on your computer will of course increase if you choose eight instead of five currencies. There's is no way to prevent this since even if you only display the currencies currently in the chart, it will still need to calculate the values for all currencies you put in the input parameters.