The Currency Strength Meter MT4 Indicator is an informational indicator for MetaTrader 4 and is designed to display the strength of individual currencies directly on the main chart. The indicator displays a table of currencies and measures their strength level against other currencies on a scale of 0 to 10. Additionally, it visually indicates each currency’s strength as a color-coded histogram. Small rectangles colored red to green indicate currency strength and whether it is trending bullish or bearish. As a result, this allows traders to assess currency trends and make timely trading decisions. Forex traders can leverage these signals to execute trades effectively. Moreover, the indicator’s display position and colors are customizable, making it an invaluable asset for traders seeking to identify individual currency strength.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, to identify the strength of individual currencies.
Indicator Settings
How to Install Currency Strength Meter MT4 Indicator
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.
