FX-Radar Advanced Pair Analysis

FX-Radar – Multi-Pair Market Scanner for MT4

FX-Radar is an advanced MT4 indicator built to perform market-wide analysis by processing data from all available currency pairs simultaneously. Instead of limiting analysis to a single chart, FX-Radar aggregates information across the entire forex market, providing a structured overview of currency strength, pair correlation, and directional bias.

Core Functions

1. Multi-Pair Data Collection

   • FX-Radar retrieves tick and bar data from every major, minor, and custom-defined currency pair within MT4.

   • The indicator automatically synchronizes timeframes to ensure uniform analysis across pairs.

2. Currency Strength Measurement

   • Calculates relative strength values for each base and quote currency.

   • Normalizes readings across multiple pairs to create a consistent currency strength index.

   • Allows traders to detect strong/weak currencies and identify high-probability pairings.

3. Correlation & Market Balance

   • Monitors pairwise correlations to avoid redundant exposure.

   • Highlights divergence signals where correlated pairs move in opposite directions.

   • Detects overbought/oversold conditions based on cross-market imbalance.

4. Trend & Momentum Detection

   • Uses multi-timeframe moving averages, volatility filters, and momentum oscillators to establish directional bias.

   • Flags alignment of trends across different pairs for confirmation signals.

   • Identifies potential reversals when strength and momentum indicators decouple.

Technical Benefits

• Real-Time Monitoring: Runs continuously to provide up-to-date market conditions.

• Centralized Dashboard: Displays all analysis in one panel without switching charts.

• Customizable Settings: Traders can adjust pair lists, strength calculation methods, and timeframes.

• Efficient Processing: Optimized to minimize CPU load even when analyzing dozens of pairs simultaneously.

Use Cases

• Pair Selection: Choose optimal currency pairs by combining the strongest and weakest currencies.

• Risk Control: Manage exposure by avoiding correlated trades.

• Signal Confirmation: Cross-check existing strategies against market-wide conditions.

• Trend Identification: Detect market-wide shifts early by monitoring currency strength rotation.

FX-Radar is designed for traders who require a comprehensive view of the forex market without the inefficiency of monitoring individual charts. By consolidating multi-pair analysis into a single system, it provides both macro-level insight and actionable trading signals.