Mega Trend FX

-Alert of predefined Probability Percentage can be turned on or off.The default setting is currently set to 75% but can be changed from 1% - 100%.
-The MegaTrendFX Probability Meter II™ can be used on any timeframe and inserted into any chart/ added to any template.

It calculates a percentage of current price action continuing for a given time period and gives an alert based on your setting (default is currently 75%).


-It is one of the longest codes in MT4 history.
-It uses the Currency Strength Score as part of the equation along with (17) other indicators in (8) different time periods. The Probability Percentage Output will be different depending on the periodicity of your chart. It will still use all (8) time periods for calculation but (2) of the indicators that carry a higher input rating in the algorithm will measure tick data based on your current chart periodicity.

INDICATOR INPUT:

Currency Strength (for example: If loaded on the EURUSD chart, It will calculate the strength of the EURO and the strength of the US Dollar through its algorithm by gathering tick data from EURUSD, EURGBP, EURCHF, EURCAD, EURAUD, EURJPY,EURNZD, GBPUSD, USDCHF, USDCAD, AUDUSD, USDJPY, NZDUSD.

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