Beatle's Millionaire Maker 🔥💰

Relative Currency Momentum (RCM)

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Description

Relative Currency Momentum (RCM) is a free custom indicator developed entirely from scratch.

It is built around the same core idea and general line logic as the Currency Strength Wizard, but it was independently coded by me to provide clean, dedicated versions for both MT4 and MT5.

The focus was on keeping the original concept while improving usability, clarity, and practical use in live trading.

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Version History

v1.00

• Initial release

v2.00

• Added MTF Strength Panel
• Added Non-Repainting mode (enable in settings)
• Added separate controls for Alert Levels and Chart Levels
• Fixed divergence alert logic

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Notes

• The Non-Repainting mode is based on the same core line logic as the original and was made to stay as close as possible to the original line behavior while remaining practical for live use.
• It is not a strict 1:1 visual no-repaint clone, because forcing an exact clone would make the line less stable and more noisy in practice.
• Since the lines are used mainly as a trend filter, the Non-Repainting mode was tuned to provide a more stable and more practical trading readout.
• The Swing Predictor Line is not included in this version yet. Still working on it.

Xpl0ad3r wrote: Sun Mar 29, 2026 5:33 am I've developed a free, from-scratch indicator called Relative Currency Momentum (RCM). It's based on the core logic of the Currency Strength Wizard, but I coded this entirely myself to provide clean, dedicated versions for both MT4 and MT5.

Both the MT4 and MT5 files are attached below. Let me know if you run into any bugs!

An excellent, clean cloned version of the CSW! Well done for some fantastic coding. The forum users will be extremely appreciative of this excellent work.
@Jimmy, a possible contender for Download of the day?

BeatlemaniaSA wrote: Sun Mar 29, 2026 12:27 pm An excellent, clean cloned version of the CSW! Well done for some fantastic coding. The forum users will be extremely appreciative of this excellent work.

CSW clone.jpg

@Jimmy, a possible contender for Download of the day?

BeatlemaniaSA Hello. Please tell me which elements are being redrawn. The markets are not working due to my location. I cannot check. Thank you

ramsdac wrote: Sun Mar 29, 2026 4:15 pm BeatlemaniaSA Hello. Please tell me which elements are being redrawn. The markets are not working due to my location. I cannot check. Thank you

Sorry, I don't understand the question. What do you mean by " which elements are being redrawn"?

BeatlemaniaSA wrote: Sun Mar 29, 2026 5:00 pm Sorry, I don't understand the question. What do you mean by " which elements are being redrawn"?

Thank you. I'm sorry for the language

ramsdac wrote: Sun Mar 29, 2026 5:11 pm Thank you. I'm sorry for the language

I'm pretty sure that it does if it is based on the same logic as the Currency Strength Wizard. However, that is not an issue or a major problem because you should NEVER enter on the initial crossing of the strength lines.

BeatlemaniaSA wrote: Sun Mar 29, 2026 5:17 pm I'm pretty sure that it does if it is based on the same logic as the Currency Strength Wizard. However, that is not an issue or a major problem because you should NEVER enter on the initial crossing of the strength lines.

Noticed in a different post you have a TMA in the same sub window as the csw for BTCUSD, looks like it works pretty well with the cross of the CSW and then waiting for what I assume is TMA afterwards in the same direction the CSW crossed

Correct me if I’m wrong! Is it just the default settings for TMA?

Xpl0ad3r wrote: Sun Mar 29, 2026 5:33 am Relative Currency Momentum based on the CSW

I've developed a free, from scratch indicator called Relative Currency Momentum (RCM). It's based on the core logic of the Currency Strength Wizard, but I coded this entirely myself to provide clean, dedicated versions for both MT4 and MT5.

Both the MT4 and MT5 files are attached below. Let me know if you run into any bugs!

Huge progress here my friend, this is a very user-friendly code & works perfectly well on both platforms.

Cleverly done, from it's settings to color change availability within the inputs tab, you've done an excellent job rebuilding the Currency Strength Wizard as Relative Currency Momentum. I had to feature it in today's Daily Downloads.

PS: Thank you Beatle for the heads-up in this legendary thread

WN25 wrote: Sun Mar 29, 2026 6:51 pm Noticed in a different post you have a TMA in the same sub window as the csw for BTCUSD, looks like it works pretty well with the cross of the CSW and then waiting for what I assume is TMA afterwards in the same direction the CSW crossed

Correct me if I’m wrong! Is it just the default settings for TMA?

That is correct. The TMA in the sub-window from a previous post was @kvak's attempt to replicate the CSW.

BeatlemaniaSA wrote: Sun Mar 29, 2026 8:45 pm That is correct. The TMA in the sub-window from a previous post was @kvak's attempt to replicate the CSW.

Thanks, time to look for the MT5 version