pairs index
Info
The pairs index is a Indicator for MetaTrader 4 that pairsindex indicator shows the price index of 7 currencies dealing with 7 currency pairs, generating the index of the 7 x 7 = 49 currency pairs. in addition, pairsindex indicator also presents the trend that occurred in each time frame, based on calculations of the macd indicator.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use pairs index
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
pairsindex indicator shows the price index of 7 currencies dealing with 7 currency pairs, generating the index of the 7 x 7 = 49 currency pairs.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: commodity channel index (cci) - another powerful indicator for MetaTrader 4 traders.
pairsindex indicator shows the price index of 7 currencies dealing with 7 currency pairs, generating the index of the 7 x 7 = 49 currency pairs.
Also recommended: mass index - similar indicator with strong performance on MetaTrader 4.
in addition, pairsindex indicator also presents the trend that occurred in each time frame, based on calculations of the macd indicator. also, it gives suggestions to buy or sell or wait which are calculated based on the moving average, cci and osma.Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
extern string pairsindex="copyright 2015 3rjfx";
int scalex=60,scaley=21,scaleyt=18,offsetx=250,offsety=0,fontsize=9; // coordinate
double scalexp=71.5;
int tf[]={5,15,30,60,240,1440}; // timeframes cci
int tfm[]={5,5,5,5,15,30}; // timeframes ma.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.