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INDICATOR Breakout Strength Meter - MT4 - indicator for MetaTrader 4

Rodi Chamii | English Español Português 日本語 Deutsch

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12811
Rating:
votes: 15
Published:
2021.02.02 17:52
Updated:
2021.03.01 22:26
Download as ZIP , How to download code from MetaEditor

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


INTRODUCTION :

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.


HOW TO USE IT :

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


SCREENSHOT :


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

test

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.