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INDICATOR Breakout Strength Meter - MT4 - indicator for MetaTrader 4

Rodi Chamii | English Español Português 日本語 Deutsch

votes: 15
2021.02.02 17:52
2021.03.01 22:26

REMARK: This is the indicator Breakout Strength Meter. It will give you the necessary information on every new candlestick


The breakout strength meter is a trading tool that is used to identify which currencies are the strongest to breakout, and which currencies are the weakest to breakout.

Don't hesitate to send all your comments and I would appreciate rating this trading tool.


You can check the following video that will explain how to

  • define and see how a breakout strength meter works.
  • use this trading tool to confirm real and fake breakouts (the most important part)
  • compile the script in MT4 or MT5.

You can also check the following video. It is about Currency Strength Meter


Fenix Currency Fenix Currency

Short description.

MT4 EA Template with all the basic features MT4 EA Template with all the basic features

This is a great template to start from if you're looking to build an MT4 EA quick and easily with your own rules/custom indicators. It has all the nice features for managing the account and the trades.

FibonacciPotSetup FibonacciPotSetup


Currency Strenght Meter - MT4 Currency Strenght Meter - MT4

The currency strength meter is a trading tool that is used to identify trending and consolidating markets based on the percentage rate of change in price from one period to the next.