MTF Coefficient Strength
MTF Coefficient Strength is a Currency Strength Indicator based on RSI. It gives the strength of the 8 major currencies. What makes this indicator different from similar products are the following features :
- Choice between Classical Mode and Multi-Timeframe Mode. The MTF (Multi-Timeframe) Mode uses an averaging of the values coming from the different Timeframes.
- Possibility to use a Coefficient for each Timeframe separately.
- Possibility to draw Horizontal Lines in order to quickly compare levels of the last closed candle.
- Possibility to use distinct RSI Period for each Timeframe.
- The indicator works correctly with accounts with suffixes, which is not always the case for similar indicators (even when curves are displayed).
- An alert allows to check if enough data is downloaded about the 28 pairs. This is needed in order to have the indicator displaying correct values.
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