Market / MetaTrader 4 / Indicators /

True Currency Strength Meter

FREE

Published: 15 August 2017

Current version: 2.4

True Currency Strength Meter

4.2

Indicators
Emir Revolledo
Version: 2.4
Updated: 17 August 2021

MAJOR CHANGES HAS BEEN MADE. Parameter description will be changed. EXPECT ANOTHER UPDATE BEFORE JUNE ENDS.

PRICE WILL GO UP AFTER THE FINAL UPDATE.

True Currency Meter with Email and SMS push notifications!

Have you ever wondered why would some pairs would move more than others, and 100 pips on EURGBP is bigger than 100 pips on EURUSD? And during the news, some would move 200 pips but some would only move 150 pips? This is the key to the newly developed "28 pairs" True Currency Strength Meter.

One has to know that all pairs are UNIQUE and are DIFFERENT from each other. GBP and JPY pairs usually move so fast, but other pairs don't. This is the key to my TRUE CURRENCY METER for a new calculation has been made to balance these 8 Major Currencies. Given that each pair has a different behavior, all of them were balanced in accordance with their market movement, which is basically based on PIPS. A typical Currency Strength meter doesn't even taken into consideration that the VALUE of 100 pips from "EURGBP" can be different from the value of your 100 pips on "EURUSD". But this newly Currency Strength Meter put the calculation into a new level in which all "28 pairs" are calculated with the same bases just to get the Real Strength of EACH CURRENCY. In which, the key to a TRUE currency meter is a "BALANCED CURRENCY STRENGTH METER".

Parameters

Time Frame - Choose the timeframe you want from M1 to Monthly
Period - input number from 0 to infinite, like 5, 10, 100, 1000 to check the period, *NOTE: putting "0" (zero) means you current candle. Example: D1 with 0 period means the strength on current day candle.
Currency Colors
Object - Edit the space between the percent and currency on the upper right corner.
Type of alerts
Sound Alerts
Alert Settings

more...

Screenshot #1 True Currency Strength Meter

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108

Fin Finley 2020.11.20 18:18 #

Excellent tool. Use it daily. Great support.

hektorln 2020.07.07 20:10 #

Excellent! Just as promised. An the best, the builder who give me his hand for any question! 5 starts

338

Kandasamy Senthil Kumar 2020.06.22 10:49 #

excellent tool to see strong and weak

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108

Fin Finley 2020.11.20 18:18 #

Excellent tool. Use it daily. Great support.

hektorln 2020.07.07 20:10 #

Excellent! Just as promised. An the best, the builder who give me his hand for any question! 5 starts

338

Kandasamy Senthil Kumar 2020.06.22 10:49 #

excellent tool to see strong and weak

627

forix7 2020.01.25 04:20 #

User didn't leave any comment to the rating

133

Shannon O'Donnell 2019.11.04 03:49 #

User didn't leave any comment to the rating

1802

Ted NO FX 2019.05.21 18:28 #

Indicator is very good but Author doesnt answer me on message. I asked he several times to make one alert push alert system not only interval alert... but he dont want to make it.. I have been asked him for long time ago! Pretty bad support.

Derrick Linebaugh 2019.03.31 10:52 #

User didn't leave any comment to the rating