Multi_scanner Score IBD

I've been working with currency strength for several years, and no indicator fit my way of thinking about trading order and philosophy. I decided to create an expert advisor (EA) capable of detecting the strength of a currency within all currencies, so I created the MT5 EA "Multi_Scanner Score IBD v4.22." This EA is also capable of doing the same with stock CFDs and others; in this version, it's only for "FOREX." It calculates an overall weighted score and a percentile ranking for each instrument. The result is what you see. It's fully configurable and adapts to any type of trader, whether momentum or not; you just need to configure it to your liking.

Note: When you put it on the chart, be patient, as it takes a few seconds to load. This process can be done faster with an indicator I have, but with the EA, it's better, especially for the future, to automate a system based on this EA.

Here's some general information and the EA.

I hope you like it; let me know how it goes.

The EA is called "Multi_Scanner Score IBD_v4.22 (FOREX)". It is a multi-timeframe scanner that analyzes 28 currency pairs (majors, minors, and exotics) and assigns them a relative strength score based on the IBD (Investor's Business Daily) system.

Main Features:

Multi-Timeframe Analysis: Evaluates four timeframes: W1, D1, H4, H1.

Relative Strength Score: Calculates a weighted overall score (1-99) for each pair.

Real-Time Ranking: Ranks pairs from strongest to weakest.

Continuous Update: Updates every 15 seconds.

Visual Interface: Displays a table on the chart with intuitive colors (green, yellow, red) to identify strength.

Easy to Use: Click on the symbol to open its chart.

Specific Forex Settings (default):

Timeframes: W1, D1, H4, H1

Lookbacks: 1, 25, 60, 36 (periods for each TF)

Weights: 25%, 30%, 20%, 25% (weight of each TF in the score)

28 Currency Pairs: Includes majors, minors, and exotics.

Benefits for Forex Traders:

Identifies the strongest and weakest pairs in real time.

Helps find momentum and rotation opportunities between currencies.

Multi-timeframe confirmation for entries and exits.

Ideal for day trading, swing trading, and carry trading.

Summary:
Professional Forex relative strength scanner, based on the IBD method, which analyzes 28 pairs across 4 timeframes and ranks them with a score from 1 to 99. All in a visual table updated every 15 seconds.

EXCLUSIVE FOREX-SPECIALIZED SCANNER

OPTIMIZED CURRENCY SETTINGS:

Timeframes: W1, D1, H4, H1 (Less and more can be configured)
Lookbacks: 1, 25, 60, 36 periods
Weights: 25%, 30%, 20%, 25%
Update: 15 seconds
28 Pairs: Majors + Minors + Exotics (More or less can be set)

IMPROVED VISUAL INTERFACE:
Real-time table with ranking from 1 to 99
GREEN: Score > 70 (Strong pairs)
YELLOW: Score 40-70 (Medium pairs)
RED: Score < 40 (Weak pairs)
Direct buttons to open charts

TECHNICAL FEATURES:
IBD Enhanced Forex System
Weighted Multi-Timeframe Analysis
Momentum Detection in Forex
Percentile Ranking (1-99)
Smart Filters by Instrument Type

PRACTICAL FOREX APPLICATIONS:
Identify currencies with the greatest bullish/bearish momentum
Detect rotations between currency pairs
Confirm multi-timeframe setups
Carry trade and swing trading strategies
Analyze relative strength between currencies

EXCLUSIVE ADVANTAGES:
100% Forex-Specialized
Currency-Optimized Settings
Simultaneous Analysis of 28 Currency Pairs
Intuitive and Professional Interface
Ideal for Serious Forex Traders

Please allow option for customer unit as well. For example. Metal and commodity

Hi, do you also have it for MT4? Very interesting.

The EA is used to compare asset types within the same market, and each is assigned a specific strength between 1 and 99 at any given time and a score. What you're suggesting with metals and raw materials is possible and can already be done in this version. Keep in mind that for good results, the "symbols" must be from the same market.

So if you decide to put it in Metals and Raw Materials I would appreciate it if you shared the set.

I don't have it, nor will I. MT4 doesn't allow for many assets that MT5 does. So it's not worth the time.

Nice work, I messed around with something like this in excel when the DDE was available many moons ago. But this is an entirely new level from where I was at.. Kudos to you
Is there an option to make window and fonts bigger?

Thank you for the update. Please find the set attached. Kindly let me know how to add Metals as per your attached screenshot.

Nice work

In the new version I posted (download it again), there's only one line. You delete the FOREX section and add the symbols you want for RAW MATERIALS and METALS from your broker (separated by commas). Remember, they must be in the same group to be effective.

NO, not at the moment, sorry.

Great Scanner, I like it.
It's just that the image looks a bit messy on a 4K screen.


You can use the TextGetSize() directive to get the height and width of a field.
Example:
uint uiWidth=0, uiHeight=0;
TextSetFont(InpFontName, InpFontSize * -10, FW_NORMAL);
TextGetSize(“EURUSDxxx”, uiWidth, uiHeight);

Hi RafaBy,

Is it possible to make the IBD scanner for mt4 users also.

Have a nice day.

Thanks in advance.

RoyPK