Spread Strenght Meter Indicator - Clever Trading Tools

Spread Strenght Meter Indicator - Clever Trading Tools

2 October 2020, 18:26
Carlos Forero


VERSIONS: Metatrader 4

Be part of our premium trading club!

  • Clever trading club, where we share novel ways to win with our indicators and update our tools constantly, so they adapt everytime to changing market conditions.
  • Our club is made up of profitable traders, trading in multiple assets, and willing to share their knowledge through easy to understand indicators and robots.
  • A lot of satisfied customers, who share positive reviews and keep coming back.    
  • We have a complete set of channels, in which we provide support to our club members, and in which we share real uses of our indicators.

    Divider Clever

    The indicator measures a currency’s relative strength, on different timeframes, through certain percentile spread analysis. This allows you to compare which are the strongest currency pairs, against the weakest pairs.

    These spreads are based on comparison against USD.

    How is "Clever Spread Strength Meter" useful to you?

    This indicator determines a currency’s strength on different timeframes, based on its spread's historical record.

    • This indicator identifies possible overbought or oversold patterns, by looking at excessive spread strength.
    • This will allow you to have higher trading operation's success, while you trade currencies with high spread analysis strength Vs low ones.
    • This will allow you to have higher trading operation's success, by avoiding continuation trades with currencies with neutral or close to zero spread analysis strength.

    Divider Clever

    How can you use our"Clever Spread Strength Meter" indicator?

    This indicator helps identify a currency's relative strength against another, through a given percentile, timeframe and time interval. All of this is calculated through an advanced method of spread divergences amongst various assets.

    This indicator is useful to: 

    • Indicate a strong bearish trend, if the score is less than -3.
    • Indicate an oversold signal, if it is less than -6.
    • Indicate a strong bullish trend, if the score is greater than 3.
    • Indicate an overbought signal, if it is greater than 6.


    • Table with descending values for relative spread strength.
    • A currency’s row is highlighted in green color if its strength is higher than 3. On the other hand, if the strength’s value is lower than -3, then the row is highlighted with red color.

    Divider Clever

    How to use the indicator

    Trade long currencies which have a strength over 3 and less than 6, and trade short currencies which have a strength below -3 and higher than -6. You can apply trend strategies on these selected currencies.