The Heart of Forex - Custom indicator, 26 pairs and 9 TFs on 1 chart

[FerruFx]

Hi all Forex Traders,

I am pleased to show you the new tool I coded. The Heart of Forex. This great tool shows the real current price move for all TimeFrames. Display up to 26 pairs and 9 TimeFrames on the same chart. With only one eye, you'll be able to watch, compare all similar pairs and then see if they agree for the same direction. You no longer need to switch between pairs and TimeFrames.

This tool is based only on the price move. No indicators or any others tools are used for the calculation of HoF. Only Price Action.

Whatever your trading style, it's very important to know if the price move is a small isolated one or if the correlated pairs move all together. The more the similar pairs agree, the more the move is real and good for catch some pips.

After observing this tool, you will be able to define which similar pairs move together for a strong move.



<--- Full board or only selected pairs and TFs --->



It displays up to 26 pairs and 9 timeframes:

EURUSD-GBPUSD-AUDUSD-USDJPY-USDCHF-USDCAD-EURJPY-EURGBP-EURCHF
EURAUD-GBPJPY-GBPCHF-AUDJPY-NZDUSD-NZDJPY-AUDNZD-CHFJPY-EURCAD
AUDCAD-CADJPY-EURNZD-GBPAUD-GBPCAD-AUDCHF-NZDCHF-CADCHF

M1-M5-M15-M30-H1-H4-D1-W1-MN

You don’t need to apply more than one HoF. It displays ALL selected pairs and ALL selected TFs on the same chart regardless which chart or TF it’s apply on.

Here is how it looks with some selected pairs:



Parameters settable by users:

• All text and square zones colors

• The timeframes you want to display

• Set a k to apply for each timeframe. In other words, increase the k numbers for the TFs you want give more importance

• The pairs you want to display

How to decrypt the Heart of Forex ?

5 different colors according to the current price move on a specific TimeFrame:

• BLUE : strong up move for this TimeFrame

• LIGHT BLUE : up move for this TimeFrame

• YELLOW : move is flat for this TimeFrame

• ORANGE : down move for this TimeFrame

• RED : strong down move for this TimeFrame

The values from -100 to +100 at the top of each column are strictly an average of all displayed TFs for a given pair. You can give more importance to some TFs by setting a k coefficient in the input parameters.

This k coefficient is very important according to your trading style. If you usually trade high TFs, you'll give more importance to these high TFs by setting a higher k. For those who like lower TFs (ie for scalping), then set a higher k for these small TFs.


Want to be a real successful trader? more info here ... and you'll catch the next move!!!

Feel free to contact me if you have any question.

I wish you a lot of pips.

FerruFx

[FerruFx]

.
7 months and always so much interest for my tools. You are now 640+ users.

Thanks
Gracias
Merci
Grazie
Danke
شكرا لك
Благодаря
謝謝您
감사합니다
Hvala
Tak
Kiitos
Σε ευχαριστώ
धन्यवाद
ありがとうございました
Bedankt
Takk
Dziękuję
Obrigado
Mulţumesc
Спасибо
Tack
Děkujeme vám

Wish you all the best in your trading.

FerruFx

[FerruFx]

Dear Traders,

700+ ... What can I say? No doubt, the success of my tools is thanks to you all ... the 700+ users of the Probability Meter and Heart of Forex since 8 months now

A little reminder of what you get with these tools for those who don't use them yet:

1. The indicator (of course!)

2. A pdf document with all details, settings and installation instructions

3. A permanent email assistance (generally less than 6hrs, 7/7) for any question about the tools or anything else

Thanks again for your continuous confidence and support.

Whish you all the best in your trading.

FerruFx

[FerruFx]

[FerruFx]

[FerruFx]

.

[Mike]

This is some really nice work Ferru! I will be purchasing this before the year is out to see how I can merge it into my current systems. Really seems useful.

[FerruFx]

Originally Posted by Mike

This is some really nice work Ferru! I will be purchasing this before the year is out to see how I can merge it into my current systems. Really seems useful.

Thanks for your interest.

FerruFx

[FXman]

Wow, this is something I've always needed without knowing it even existed. You might have a new member very soon, got to scape up some extra dough

[FerruFx]

Originally Posted by FXman

Wow, this is something I've always needed without knowing it even existed. You might have a new member very soon, got to scape up some extra dough

Thanks FXman!

FerruFx

[ArmoryFx]

Are the Fibonacci levels on your charts an indicator as well?

[FerruFx]

Originally Posted by ArmoryFx

Are the Fibonacci levels on your charts an indicator as well?

There's no fibo on the chart. This is pivot and S/R. This isn't part of the HoF but always good to see on charts some points where to take profit.

FerruFx

[Judge]

YES question. Where can I buy this indicator?

[FerruFx]

Originally Posted by Judge

YES question. Where can I buy this indicator?

You can contact the new owner through the form on my website until their own will be up and running.

http://www.ervent.net/contact_tools.php

FerruFx

[TheRumpledOne]

Why pay for indicators when you can get them for free including source code?

We all know that PRICE is an input to indicators and that is why most indicators LAG THE MARKET.

The currency heat map only uses PRICE to determine which way the market is moving and it is FREE including SOURCE CODE.

Price is the same on all chart periods but some people like to compare the current price to different prices in the past.