FX-PriceBoard - MT5 Indicator

In a previous post FX-PriceBoard - MT4 Indicator I created an indicator that would display an up todate overview of the markets as a price board. There was some interest in this indicator, however i believe that the "licence" i wrote in to the software expired some years ago.

So, to keep up with the times, I am currently re-writing the "FX-PriceBoard for MetaTrader 5"  this will provide the same features as before, including the addition where the price comparison is based up the current charts timeframe. Also, with the advent of wider PC monitors, the FX-PriceBoard has been adapted to display each Currency Group in it own column, giving a sleeker appearance than before.

For example, if you are looking at the M5 chart, then the strength and weakness of a specific currency group is based on the whether the current price is above or below the previous 5 minute periods price.

FX-PriceBoard is not intended as a "Trading System" and is an indicaor only, however, for example, by observing the short term H1 vs longer term D1 strength / weakness could help to gauge the overall bias of particular currency groups.

The following screenshot shows the GBPAUD H1. The Price Board shows clears strength in the AUD group and some weakness in the GBP group. Taking note that the base currency for this chart is GBP ie GBPAUD it is possible that there could be a downturn in price once again, inline with the trend and moving averages.

Other Asset Groups
Although this indicator is call FX-PriceBoard, a number of brokers who provide MT5 include Indices and Futures prices with their data feeds, i am intending to incorporate that data as well, alternatively an "Auto" option would be preferable, where the MT5 platform is queried for available symbols and then the data is rendered in to the appropriate groups.

Release Date and Availability
This is currently a work in progress, I am targeting for mid 2016 to release this. 
I am intending to release FX-PriceBoard indicator via the MetaQuote market place at
https://www.mql5.com/en/market/mt5

Interested in this Indicator?
Thanks to those who have shown an interest in the FX-PriceBoard for MT4 version, I do not have any immediate plans to re-release this indicator at this time, however, if this MT5 version is popular then i shall look at re-releasing MT4 again.

If you have any suggestions for features to be included in this Price Board, then please comment below; or ping me an email maxdecimus88 at gmail com and i will update you once there are any updates / release dates.

Ideas For User Options, Features and Improvements

 To add to this list

* Display: Price | Price Change Pips | Price Change %

* Text color selection
* Text size selection
* Text font selection
* Color Scheme: Yellow on Black | Yellow on Green | Black on White   

* AutoDisplaySize - Render the priceboard based on the chart height and width, giving a "responsive design" Then it may be suitable for 50" Flat Screens? |

Thoughts
I have detailed some ideas below, however, upon reflection, i think the Price Board would be best doing just that - Displaying Prices / Changes. The Volume and strength meter mentioned below maybe best saved for another indicator.

Volume / Depth of Market / Order Book
Dependent on the Volume, Depth of Market and Time&Sales data available from MT5, It may be possible to provide options to display the "Price Board" info based on: Price or Volume / Order Book data.

Strength Meter / Value
An over all strength could be displayed at the footer of each currency group column. However additional pairs would have to included in each list to ensure the weighting is correct for each group. For example, Comparing the USD group to the CHF group at this time would inaccurate as there are 8 currency pairs listed for USD and only 1 for CHF. To ensure correct weigting and comparison, all group would have to contain their equal and opposite pair; (and this may only lend itself to the majors)  I have created other currency strength indicators before that take this in to account.

more updates to follow...