Forex Probability Meter Indicator Detect

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For Use on MT4 platform only

Damianivolatmeter – indicator for MetaTrader 4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data. Damianivolatmeter – indicator for MetaTrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the. The Probability Meter indicator will show you not only the way but the strength of this direction. After observing this custom indicator, you will be able to define the end of the current trend and the start of the reverse. All the values will show you the way!!! An interesting tool that shows the intensity of the current trend. There is no such indicator that would predict a market reversal with a 100% accuracy. Instead of showing the exact reversal spots, reversal indicators only signal the probability of a reversal. Many beginning Forex traders confuse graphic analysis (price reversals) with indicator analysis (trend reversals).

How to decrypt the Probability Meter values?
All values and colors have to be watched closely.

1. Multi-Info+:
more than 75 (red/green) for strong Up/Down trend
2. Indice Strength: 0-1-2 for strong Down trend, 7-8-9 for strong Up trend, 3-4-5-6 for sideway
3. Currency pair range :
range of 5 or more between the 2 currencies.

Example: 7-2, 9-3 etc for a strong Up trend .

0-5, 2-8 etc for a strong Down trend.
4 and 5 :
red color for Down trend, green for Up trend and Orange for sideway
The global value in percent (%) have to be watch closely and with experience you will have feeling. This value is the combination of the 5 values listed above.

75-80% is a good point for triggering a trade.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission:
TDon't trade with money you can't afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell Forex futures or options. Norepresentation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

NFA Required Disclaimer: Forex trading may not be suitable for all customers. Forex trading involves a substantial risk of loss. Simulated conditions may differ from real conditions and traders should not necessarily expect the same results from live trading.

DISCLAIMER:The information on this site is for educational purposes only.

Forex Indicators Mt4

Key features
  1. Setup is easy and quick. You setup once and application needs very little maintenance. You update only one config file on your web server and small setup in your MT4.
  2. This is a very lightweight application needing very few resources on your VPS as well as your web server. Very basic VPS and web server config that is easily available today is enough.
  3. You can adjust the frequency at which the currency strength values are updated from your MT4 to your web server.
  4. Communication between your MT4 and your web server is password protected to safeguard against unauthorized access.
  5. Settings on your website are easily maintained in one config file for easy maintenance and setup.
The idea is very simple – the EA that you will get needs to run on the charts (time-frame doesn’t matter) for all the 28 major currencies on your MT4 continuously (you must have a VPS). All this EA will do it take the currency strength values every few seconds and update a database on your website. The PHP scripts that come with this software will then take these currency strength values and calculate the individual currency strengths and show in on the webpage (see below screenshot for reference or visit the above URL to see a working example). It is as simple as that.
How can this forex currency strength meter be useful for you?
There are many ways you can use this to your advantage.
  1. Trading decisions: You can use it for reference when making your trading decisions. Since there are many different time frames, you can choose what works best for you and decide how to use it to your advantage.
  2. Currency trends: This meter automatically finds the best trend for you. Trend is your friend! You can see the identified trend and open trades with higher probability of wins. This indicator not only finds the best trending currencies (in the example above, it is showing that there is strong downward trend on CADJPY pair) but it will also show you the pairs where there is a side-ways market – in the example shown above, you can see that EURAUD is trending side-ways on daily timeframe.
  3. Sell signals: The beauty of this setup is that the currency strength meter is available on your website. You can sell the trends or just simply use it to add value to your forex-related website or blog. Who does not want to get quality signals delivered to them so easily? The potential is unlimited.
What do you need to setup this currency strength meter on your site?
You must have the following setup to be able to install and run this forex currency strength meter:
  1. A MT4 setup and running on a VPS or some form where MT4 is always running.
  2. A valid forex trading account – you try this with a demo account if you prefer first.
  3. A running website with MySQL and PHP 5.4 or higher.
  4. Basic understanding of website setup and understanding of how to setup MT4.

If you need help or support any of the above steps, don’t hesitate to contact me using the contact link on this page.

Free version is ad supported. It will show my ads at the bottom of each page. Are you interested in trying the free version? Paid version is only $7.77. Contact me if you are interested in the paid version.
Download the free version by clicking on the button below.
Free Version – Currency strength meter – V4

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Free Version – Currency strength meter – V3

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Free Version – Currency strength meter – V2

Best Forex Indicators

Click the download button to download the V2 of the Currency Strength Meter.

Free Version – Currency strength meter – V1

Currency strength meter – Free Version – V1 Free mp4 converter software.

Forex Probability Meter Indicator Detect Chart

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