TCL Power Meter

TCL Power Meter is a currency strength dashboard for MetaTrader 4. It analyzes eight major currencies (USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD) against the entire matrix of cross pairs using an aggregated Relative Strength Index (RSI) formula, producing a single 0-to-100 strength score per currency.

How It Works

For each of the eight major currencies, the indicator computes RSI values across every pair that currency is part of, then aggregates those values into a single strength score. The result is shown as a horizontal bar for each currency. Strong currencies sit near 100; weak currencies sit near 0. Traders can compare the bars to identify the strongest currency to buy and the weakest to sell.

Components

  1. Eight-Currency Strength Bars — one bar per major currency, scaled 0 to 100.
  2. Aggregated RSI Engine — strength derived from RSI values across all relevant cross pairs.
  3. Color-Coded Display — bars are color-graded for quick visual scanning.
  4. Configurable Position — dashboard can be placed in any chart corner.

Inputs

  • Dashboard Location — chart corner for the meter (default top-left)
  • RSI Calculation Period — lookback period for the internal RSI calculation (default 14)

Compatibility

The indicator works on MetaTrader 4. It is compatible with all timeframes. The pair list it scans is fixed to the eight major currencies' cross combinations and uses the broker's symbol naming for those pairs.

Installation

  1. Download the file from MQL5 Market
  2. Restart MetaTrader if needed
  3. Drag the indicator onto any chart

For questions about parameters or behavior, please use the Comments tab.

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Ilya Fomin
Indicators
The Extreme point indicator helps in determining the probable price reversal points on the chart. The indicator facilitates the search for points to enter the market with greater accuracy. The indicator displays certain impulses, after which there is a high probability of the price continuing its movement in the same direction. The indicator can be used in conjunction with other indicators for a more accurate detection of the position entry points. The indicator can also be used independently. F
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