Currency Strength Dashboard Pro
- Indicators
- Version: 1.2
- Updated: 20 March 2026
- Activations: 5
Currency Strength Dashboard Pro
Professional real-time currency strength analysis dashboard for MetaTrader 5.
The indicator calculates and displays the strength of 8 major currencies (EUR, USD, GBP, JPY, CHF, AUD, CAD, NZD) across 28 currency pairs simultaneously on multiple timeframes.
The dashboard gives traders a complete market overview at a glance — without unnecessary calculations or switching between charts.
Calculation Method
The indicator is based on an advanced mathematical currency strength calculation method — more precise and objective compared to traditional RSI-based approaches commonly used in similar indicators.
The method analyzes relationships between all 28 currency pairs simultaneously, producing a cleaner and more unbiased view of the real balance of power in the market.
Real-Time Dashboard
The main table displays all 8 currencies with a full set of data for each:
Rank — currency position by overall strength from 1 (strongest) to 8 (weakest).
Strength — numerical value of the current currency strength.
Change — change in strength compared to the previous bar.
Slope — direction of the strength trend: rising, falling, or flat.
Timeframe values (M15, H1, H4, D1) — strength value for each timeframe individually.
Composite — weighted final strength across all active timeframes.
Momentum — speed of strength change, helping to detect acceleration or deceleration.
Status — final currency status: Strong, Weak, Rising, Falling, Neutral.
Trading Signals and Score
The Top Trading Signals section automatically selects and ranks the best currency pairs for BUY and SELL.
Each pair receives a Score from 1 to 10.
The Score is calculated based on three factors:
• Strength difference between the currencies in the pair
• Percentage of timeframe agreement
• Spread
The higher the Score, the higher the overall signal quality.
Pairs are clickable — clicking a pair instantly switches the current chart to the selected instrument.
MTF Agreement Filter
Each signal shows the percentage of timeframes confirming the direction.
This allows traders to instantly see how well the signal is aligned across multiple timeframes and make more informed trading decisions.
Alerts
The indicator supports three types of alerts.
Score Signal — triggered when the Score of the best pair crosses the defined threshold upward or when a new pair appears with a high Score.
Strength Divergence — triggered when a currency shows strength on short-term timeframes but remains weak on higher timeframes. Such situations often precede reversals and may provide early entry opportunities.
Momentum Reversal — triggered when a weak currency (rank 6–8) begins accelerating upward or when a strong currency (rank 1–3) starts losing momentum. This helps detect shifts in market power before they become visible in price action.
All alerts include a configurable cooldown period to prevent repeated notifications.
Built-In Presets
Scalping — focuses on M1, M5, M15. Suitable for fast entries on short movements.
Intraday — balanced M15, H1, H4, D1 setup. Universal mode for intraday trading. Default preset.
Swing Trading — focuses on H4 and D1. Suitable for position trading and holding trades for several days.
Each preset automatically sets timeframe weights.
Weights can also be adjusted manually to match your personal trading style.
Indicator Settings
• Dashboard scale and position — adaptable to any screen resolution
• Timeframe weights — increase or disable any timeframe
• Smoothing period and ATR period
• Strength and weakness levels for currency status
• Minimum Score for alerts, alert cooldown settings, alert type selection
• Number of displayed trading signals and minimum spread filter
Technical Specifications
Type: On-chart indicator
Currencies: EUR, USD, GBP, JPY, CHF, AUD, CAD, NZD
Pairs used in calculation: 28
Timeframes: M1, M5, M15, M30, H1, H4, D1
Compatibility: MetaTrader 5, hedging and netting accounts, any broker, any instrument
Automatic broker suffix detection
Version: 1.00
Note
Currency Strength Dashboard Pro is an analytical tool for evaluating the relative strength of currencies.
The indicator is not an Expert Advisor and does not open trades automatically.
It is recommended to use the indicator as a complement to your trading strategy — to confirm direction, assess the overall market condition, and select the most promising currency pairs before entering a trade.
The indicator does not replace price action analysis, support and resistance levels, news analysis, or risk management.
All trading decisions remain entirely at the trader’s discretion.
Trading on the Forex market involves risk of capital loss.
Past performance does not guarantee future results.


This indicator on it's own is FANTASTIC for pair selection and direction bias, whether you are a scalper, intraday or swing trader. It pays for it's own in a minimum time if you follow the directions from the overview and the comments. Futhermore,the author provides EXCELLENT support, and is VERY FAST to discuss and apply modifications, for example for integrating it with an EA.