COP_Dash_CSM Forex Indicator MT5
🛠 CostOfPip in Dashboard Currency Strength Meter
This indicator is based on a calculation of 8 indices derived from 28 forex pairs, using the Cost of Pip values from custom pairs. Our new method moves away from simple points; instead, it uses the actual money flow of each pair from the Day Open to calculate index charts in USD (left chart). Additionally, we have built an Oscillator (right chart) based on these money-flow indices. This new feature helps you identify trends and retracements much faster and more accurately.
How it works: Every day, you see 8 currency index charts based on clear money flow from the Day Open, plus an Oscillator that utilizes these USD values.
Input parameters
input string YourEMail = “??? Enter your correct E-Mail HERE ???“; // please entry your real e-mail, indicator will not work if you not entry your e-mail
input int InpX = 10 // upper left X coord
input int InpY = 30 // upper left X coord
input double InpScale = 1.0 // size of panel
input string InpFontName = “Consolas” // font type
input double InpLots = 1.0 // dont change this parameter ind use it to calc Money from day open
input int InpUpdateSec = 5 // dont change this parameter
input bool InpShowAll = true // dont change this parameter
input int InpSpreadWarn = 20 // dont change this parameter
input double InpActivityX = 2.0 // dont change this parameter
input int InpTrendBars = 30 // M1 bars for dedicate trend at Metals (XAUUSD XAGUSD)
input double InpCSIMax = 100.0 // Max CSI momentum value for Trend arrow in table (-100..+100)
input int InpOscPeriod = 20 // Oscillator period (M1 money bars)enum ENUM_SORT_BY { SORT_NONE, SORT_DAY_PNL, SORT_TREND };
input ENUM_SORT_BY InpSortBy = SORT_NONE; // Sort type in tableenum ENUM_SEPARATE_INDEX { INDEX_NONE, INDEX_USD, INDEX_EUR, INDEX_GBP, INDEX_JPY, INDEX_CHF, INDEX_CAD, INDEX_AUD, INDEX_NZD };
input ENUM_SEPARATE_INDEX InpSeparateIndex = INDEX_NONE; // None = Show all, USD = show only USDXXX pairs
See how i developed indicator in 3 days and tested at Real account
Also in telegram i posted all entries and exits in pictures and videos.
Start read from this post https://t.me/profitFXPIPs/246
Total Performance per 3 days : 10$ into 245$ (2354 %)
I traded XAUUSD and watched USD and JPY and AUD indeces to catch the trend at XAUUSD.
📊 Trading XAU/USD (Gold)
XAU/USD is a pair consisting of two components: XAU and USD. In this fraction, the USD is the denominator (divisor). Therefore, USD growth can push XAU/USD or any XXX/USD pair down. Conversely, a downward move in the USD index can create an upward move in XXX/USD pairs.
Crucial Logic: Keep in mind that USD is only 50% of the equation. Sometimes XAU can move in the same direction as the USD.
JPY Correlation: Closely tied to XAU. If the USD goes down and JPY goes up, XAU typically starts jumping up alongside JPY.
AUD Correlation: Often inversely correlated with USD (USD up, AUD down).
Use it and trade what you see, you can dedicate your own combinations also.
⚡ Trading the News
This indicator is extremely fast, making it perfect for news trading. You can see exactly how indices jump before, during, and after news events. This allows you to spot trends and retracements for scalping with precision. Use it with Stop Losses, Take Profits, or Trailing Stops. With time, this indicator will give you the right “market feel” to stay profitable.
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