The Currency Meter Indicator MT4 is an informational indicator for MetaTrader 4 and is designed to display the strength of currency pairs directly on the main chart. The indicator measures and displays a list of currency pairs and their strength level measured on a scale of -100 to 100. Furthermore, a blue up arrow indicates pairs in an uptrend, while a red down arrow highlights those in a downtrend. In addition, the indicator breaks down the strength of individual currencies, showing whether they are trending bullish or bearish. Forex traders can leverage these signals to execute trades effectively. Moreover, the indicator is highly customizable, with pairs exclusion and sorting options, making it an invaluable asset for traders aiming to identify the strength of currency pairs.
This indicator is suitable for traders of all skill levels and across all time frames. Furthermore, its versatility extends to trading multiple currency pairs within any forex trading system or strategy, making it an effective tool identify the strength of currency pairs.
Indicator Settings
How to Install Currency Meter Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
