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Currency Strength Pro

The Currency Strength Meter is the easiest way to identify the strongest and weakest currencies in the market. It works by applying clever calculations to 28 Forex pairs to establish which currencies are the driving force behind price action.

By trading strength against weakness, we can greatly increase our chances of success and find some of the highest probability trends to trade.

Technical Information

The strength meter uses the relative strength meter which is applied to all 8 major currencies: AUD, CAD, CHF, EUR, GBP, JPY, NZD & USD and a basket of 28 Forex pairs. By combining the results and applying some clever calculations we get an indicator that is unlike any other in the market.

Inputs

Period: The lookback period of the indicator. Like any indicator, A longer period will result in delayed signals (more lag). The lower the number the quicker the indicator will respond. 
Prefix: Some brokers symbols include prefixes eg. mxEURUSD, fxEURUSD. If your broker uses a prefix, enter it here. Unsure? Leave it blank.
Suffix: Same as above but in reverse eg. EURUSDmx, EURUSDfx.

Symbol Color: Here you can change the line color for each of our 8 currencies.

Troubleshooting

There are several things we can do to ensure that the indicator runs properly on your terminal. Before using the indicator for the first time, it’s good practice to do the following. 

  1. From the Market Watch panel, right-click and select ‘Show All’ to ensure all currency pairs are available for the indicator to use. The indicator must have all 28 pairs to work.
  2. Some brokers symbols include prefixes or suffixes eg. EURUSDmx, EURUSDfx. If this includes the broker that you are using, add the prefix/suffix to the indicator inputs.
  3. On first use please allow a few seconds for the indicator to sort through all available historical data. You may need to switch timeframes once or twice for the indicator to load correctly but this should only occur on the first installation.
  4. If the strength meter is not being displayed correctly, the most likely cause is the lack of historical data for 1 or more of the currency pairs that are required for the indicator to work. The indicator requires the historical data of 28 currency pairs to work. Ensure that you download all available data for each of these pairs from your broker. 
The following currency pairs are used by this indicator: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY


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THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get a FREE chart tool, please see user manual HER
Advanced Supply Demand
Bernhard Schweigert
4.91 (295)
CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potenti
FX Levels est un indicateur de support et de résistance exceptionnellement précis qui fusionne la méthode traditionnelle Lighthouse avec une approche dynamique innovante, fonctionnant parfaitement sur tous les symboles de trading. Cela inclut les paires de devises, les indices, les actions ou les matières premières. FX Levels identifie les points d'inversion et les affiche sur le graphique, qui peuvent être idéalement utilisés comme cibles de profit dans vos activités de trading. Pour développe
TrendMaestro
Stefano Frisetti
5 (3)
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
ACTUELLEMENT 26% DE RÉDUCTION La meilleure solution pour tout débutant ou trader expert ! Cet indicateur est un outil de trading unique, de haute qualité et abordable car nous avons incorporé un certain nombre de caractéristiques exclusives et une nouvelle formule. Avec seulement UN graphique, vous pouvez lire la force de la devise pour 28 paires Forex ! Imaginez comment votre trading va s'améliorer parce que vous êtes capable de repérer le point de déclenchement exact d'une nouvelle tendan
(Currently 30% OFF) Before reading the description of this indicator, I just want to introduce to you following concept Moving Average Line - Typical moving average which is based on one chart alone.  Currency Strength Line - The moving average of a certain pair in which the strength is based on 28 pairs. Can be said as the real moving average line. Moving Average indeed is one of the most popular indicator which almost every trader use. Currency Strength Meter is also a trend indicator whic
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The Commodity Channel Index (CCI) is an oscillator that is often used by forex traders to identify oversold and over bought conditions much in the same way as the RSI or Stochastics. How it Works The idea behind this indicator is simple, we wait for price to reach an extreme (overbought or oversold) and then trade when price appears to change direction in the hope of catching a move out of the area. Buy signals - The indicator waits for the CCI to become oversold (a value below -100). The indi
Bollinger Bands are volatility bands plotted two standard deviations away from a simple moving average. Volatility is based on the standard deviation, which changes as volatility increases and decreases. The bands expand when volatility increases and narrow when volatility capturing 85%-90% of price action between the upper and lower bands. How it Works Knowing that the majority of price action is contained within the two bands we wait for price to break out of either the upper or lower band a
Easy RSI Alerts
Luke Kendall
5 (1)
The Relative Strength Index (RSI) was developed by J. Welles Wilder and is a momentum oscillator that identifies overbought and oversold conditions. It is also a popular choice for many traders helping them find entries into the market. How it Works The simplest way to use the Relative Strength Index is to wait for an overbought or oversold condition and then enter into a trade when the RSI indicates that price is resuming in the dominant direction of the trend. Buy signals : For the first con
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