How does the Live currency strength meter work? The Forex currency strength meter takes takes readings of different currency pairs over a specified period of time, and applies calculations to each of them individually. Afterwards, it combines together each associated and determines the overall live strength of the individual currency pair (e.g. GBP/USD, EUR/USD, USD/JPY, AUD/USD, EUR/GBP etc.). This allows traders to see at just a quick glance how strong or weak various currencies are, with positive (green) readings indicating strength, and negative (red) readings indicating weakness.
Great, we're here for it! Let the Currency strength meter work for you! Create your own Currency Strength Meter and compare the relative strength of your chosen currency pairs. All you need to do is drag your base currency and quote currency to the table. It's really that simple. This is not just your average strength meter!
Want to see what the hype is all about? Great! Follow the instructions below to install your new favourite EA to your MetaTrader 4 terminal:
Download the file by clicking the button below.
Unzip the file into the MQL4/indicators folder of your MT4 terminal.
Restart your MT4 terminal to ensure the indicator has been added properly.
Run your new indicator by double clicking the indicator name in the Navigator tab.
Make sure you check the "Allow DLL imports" box and hit the "OK" button.
The indicator will now be added on your chart. (How amazing does it look, by the way?)
And that's it! You're all set up to start using your new favourite EA indicator!
