Cryptocurrency Failure Indicator - Comprehensive Guide

"Trade Smarter, Not Harder – Let the Market Reveal Its Secrets!"

📌 Overview

The Cryptocurrency Failure Indicator is a custom MetaTrader 4 (MT4) indicator designed to analyze currency strength and weakness across multiple forex pairs. It helps traders identify potential trends and reversals by calculating the relative strength of major currencies (USD, EUR, GBP, CHF, JPY, AUD, CAD, NZD) and displaying them in an easy-to-read format.

This indicator is particularly useful for:

Trend identification (strong vs. weak currencies)

Cross alerts (when one currency overtakes another in strength)

Level-based signals (threshold crossings for potential reversals)

⚙️ How It Works

The indicator uses a weighted moving average (LWMA) slope calculation to determine the strength of each currency. It then ranks them in real-time, allowing traders to spot:

Strong currencies (likely to appreciate)

Weak currencies (likely to depreciate)

Crossovers (potential trend changes)

Key Features:

✅ Multi-Timeframe Analysis – Works on M1, M5, M15, M30, H1, H4, D1, W1, MN.

✅ Customizable Currency Selection – Enable/disable specific currencies.

✅ Visual & Audio Alerts – Get notified when a currency crosses another or breaches a key level.

✅ Dynamic Background Coloring – Highlights strong/weak currency divergences.

🔧 Indicator Settings

1️⃣ General Inputs

Auto Symbols – Automatically detects tradable symbols.

Symbols to Weigh – Manually input currency pairs (default: major forex pairs).

Max Bars – Limits historical calculation for performance.

Show Only Symbol on Chart – Focuses on the current chart’s currency pairs.

Add Sunday to Monday – Adjusts for weekend gaps in daily charts.

2️⃣ Indicator Inputs

Auto Timeframe – Syncs with the current chart’s timeframe.

Timeframe – Manually set the primary timeframe (default: D1).

Extra Timeframe – Adds a secondary timeframe for comparison.

Difference Threshold – Filters minor fluctuations (default: 0.0).

Level Cross Value – Sets key reversal levels (default: 0.20).

3️⃣ Alert Settings

Popup Alert – Shows on-screen notifications.

Email Alert – Sends signals via email.

Push Alert – Sends notifications to mobile devices.

4️⃣ Currency Selection

Toggle currencies (USD, EUR, GBP, CHF, JPY, AUD, CAD, NZD) to include/exclude from analysis.

5️⃣ Color Customization

Adjust colors for each currency and alert type for better visualization.

📊 How to Use It in Trading

Identify Strong/Weak Currencies

Green/Upward Line = Strong currency (potential buy opportunities).

Red/Downward Line = Weak currency (potential sell opportunities).

Watch for Crosses

When one currency crosses above another, it signals a potential trend shift.

Example: If EUR crosses above USD, EUR may strengthen against USD.

Monitor Key Levels

If a currency surpasses 0.20 (or -0.20), it may indicate an extreme move (overbought/oversold).

Combine with Other Strategies

Use alongside support/resistance, moving averages, or candlestick patterns for confirmation.

📌 Final Notes

Best for Forex & Crypto – Works well with major currency pairs.

Not a Standalone System – Use with other technical/fundamental analysis.

Adjust Settings – Optimize thresholds & timeframes based on trading style.

🔹 Developer & Source

Developer: R.KH (2025)

Website: www.robomql.com

"Trade with Confidence – Let the Market Speak!" 🚀