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Currency Power Meter

Currency Power Meter shows the power of major currencies against each other. The indicator shows the relative strength of currency/pair at the current moment in a period of time (H4, daily, weekly, monthly). It is useful for day traders, swing traders and position traders with suitable period options.

Currency power is the true reason of market trend: The strongest currency against the weakest currency will combine into a most trending pair. As we know, trend makes money and all traders love trend.

Have you ever asked yourself that why some trades seem have a good signal but still fail? The reason is you only look at individual signal on your favorite pair, but not have an overview on the currency power against all the others, which is better to make decision. So, this indicator shows you which currency is strongest and which is weakest, thus the most trending pair. It also let you know which currency (thus pairs) is neutral and you should avoid to trade it.


Highlight Features:

  • Real-time and visually present the power of major currencies against the others.
  • Switchable between Full mode (show correlated currencies against major currencies) and Compact mode (only show major currencies' power index).
  • Switchable between analyzed periods: H4, Daily, Weekly, Monthly.
  • Alert message when a currency or pair change its power.
  • If alert is on, notification will also be sent to mobile and email automatically when a currency or pair change its power.
  • Selectable font size to fit your screen resolution.
  • Allows to move the position of indicator freely on the chart.


User guide:

  • Indicator draws a table of major currencies in a center horizontal gray row and other currencies against each of them in the blue-red columns.
  • Each currency power index is analyzed and summarized from its relative strength against the others. Its value corresponds with it status as follows:
    • Lower than -5.0: Extreme weak.
    • From -5.0 to -2.5: Very weak.
    • From -2.5 to -1.0: Weak.
    • From -1.0 to +1.0: Neutral.
    • From +1.0 to +2.5: Strong.
    • From +2.5 to +5.0: Very strong.
    • Higher than +5.0: Extreme strong.
  • If a currency is red: It is stronger than the base currency in selected period.
  • If a currency is blue: It is weaker than the base currency in selected period.
  • The higher its position (darker red), the stronger it is.
  • The lower its position (darker blue), the weaker it is.
Note: Indicator may take time to analyze and arrange the currency cells in the first time it load new timeframe, so please wait until it finished.


Strategy:

  • Strategy with this indicator is very simple: Look for a strong-side currency and a weak-side currency, so that the difference of power between them is larger than 5. Then trade the pair between them. Example: AUD is -3.8 and USD is +2.5 => 2.5 + 3.8 = 6.3 > 5 (Sell AUDUSD).
  • Best time to trade (for day trader): London session (Trends are usually start and develop from this session).
  • Time avoid to trade (for day trader): New York 2nd half-part session (Trends are usually exhaust and may reverse in this half-part session, although there may be still a big difference between the strongest and the weakest, just wait until the next day).
  • Note: This indicator real-time analyzes the current price of currencies in selected period, so you will see that the power of currencies is usually neutral at the beginning of period (day, week, month). Then, it will diverge over the time; this is the point for you to know when a currency start to volatile in the market.
sunnychow
2929
sunnychow 2018.09.10 21:28 
 

Good indicator.

Arthit Arunroj
1743
Arthit Arunroj 2018.07.23 05:32 
 

Excellent indicator :-)

:: Myfxbook :: http://bit.ly/myFxbook

manosilva
19
manosilva 2018.05.20 06:28   

auto fx pro has very good products..i have used power meter indicator for 2 yeas ..i highly recommend...the service is very good. the agents are patient and kind,they knowing what they are doing..thaks

RobotGrail
174
RobotGrail 2018.01.24 20:06 
 

Отличный,универсальный,удобный ! Подойдет всем ! Прямо с этого индикатора нажимая на квадраты можно открыть нужный график - очень удобно! Для новичков есть сигналы,индикатор сам подбирает пары и указывает пару и пишет куда тренд! Конечно нужно про новости не забывать и про Лондонскую сессию тоже ! Я долго думал перед тем как купить этот индикатор,у меня есть "другой для подобных целей",но этот мне очень понравился - он своих денег стоит ! Так же, что важно продавец дает 5 активаций это значит на 5 разных компьютеров поставить можно :)

Roman
83
Roman 2016.08.04 10:39 
 

Отличный индикатор. Реально показывает силу и слабость валют в реале. В среднем 200-300 пипсов поймать можно.

Alessio Bizzarri
1960
Alessio Bizzarri 2016.07.21 07:12 
 

good intuitive product.

cyberryder
530
cyberryder 2016.07.06 21:08 
 

There are many of those, but this one displays a nice, clean dashboard. A MUST-HAVE tool for every trader

david.l
342
david.l 2016.06.22 03:37 
 

5 star, clean chart and powerful indicator.. pick the right pair to trade :)

NIKILMEN
144
NIKILMEN 2016.02.16 18:13 
 

Отличный индикатор! Очень помогает в торговле! Спасибо разработчику!

burak Güçükdere
515
burak Güçükdere 2016.01.27 22:30 
 

I am not Tradeing before looking this indicator.

kumir
130
kumir 2015.10.28 14:31 
 

good work!

Moervin Schroeder
424
Moervin Schroeder 2015.08.01 19:52 
 

Very good and helpful indicator with a clean and smooth interface. I strongly recommend to buy it. :)

omega6
418
omega6 2015.05.13 01:38 
 

Where the heck is the update with ONE HOUR currency power(checking the last 4 M15 candles)

for us scalpers...we are waiting man... LOL (don t get my humor wrong) But it would be very helpful, as your indi takes a lot of time to "switch" into the right direction. Can you do that please??? Would be great. Regards

Kikolos
19
Kikolos 2015.01.02 00:11 
 

The best indicator EVER! It's really so accurate! It actually gives a very strong signal in the real time! A real bargain! I wish I found it earlier so I could minimize the losses to the minimum! :) It's really a must have tool in anybody's Forex arsenal!

HUU VINH NGUYEN
568
HUU VINH NGUYEN 2014.12.30 17:22 
 

Excellent indicator!

Purchased for $29, then made $47 after 30 minutes using it.

So i got this awesome indicator for "free" :-)

Thanks Kevin!

Pochito2014
88
Pochito2014 2014.09.20 01:11 
 

Very powerfull and usefull indicator, i tried it for intraday operations and improved my results.

Someone said: "every information coming from the PRICE is very powerfull"

I have some suggestions hope the seller will improve this wonderfull indicator

thank you very much

Robert Edison
3111
Robert Edison 2014.07.30 02:59 
 

Excellent indicator. Easy to identify weak and strong pairs in real time. A real bargain.

Haki1215
167
Haki1215 2014.07.25 18:04 
 

pretty good indicator

I can see right now which one currency up or down

and just click the indicator can open trading windows

want like this indicator for long long time

thanks a lot

Version 1.84 2018.08.16
- Improved: Load currency pairs faster.
Version 1.83 2016.08.09
- Fixed: Auto-adjust the indicator's position if it was moved out of the chart.
Version 1.82 2016.06.14
- Improved: Better clicking recognition on interface.
Version 1.81 2015.03.10
- Added: Allows to choose alert levels for currency and pair power.
Version 1.8 2015.02.03
- Fixed: Force to display all graphic objects to the front of the chart. They could be hidden at few low RAM computers with previous version.
Version 1.6 2014.08.08
Flexible tooltip due to indicator position.
Version 1.5 2014.08.05
Added compact mode (only major currencies with power index).
Version 1.4 2014.07.30
Power level correction.
Version 1.3 2014.07.28
- Added H4 timeframe.
- Added the possibility to move the indicator.