Currency Strength Meter Pro for EA MT4
Currency Strength Meter is the easiest way to identify strong and weak currencies. This indicator shows the relative strength of 8 major currencies: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD.
By default the strength value is normalised to the range from 0 to 100 for RSI algorithm:
- The value above 60 means strong currency;
- The value below 40 means weak currency;
This indicator is created and optimised for using it externally at an Expert Advisors and a Custom Indicators.
For direct usage as an indicator there are several special versions of it:
This Currency Strength Meter supports many powerful features:
- Currency Strength Meter Graph (shows strength of currencies with graphic lines);
- Allows to calculate average currency strength from specified timeframes;
- Many algorithms for calculation of currencies strength (RSI, CCI, RVI, MFI, Stochastic, DeMarket, Momentum);
- Moving average smoothing (allowed to smooth result with specific algorithms);
- Latency (allowed to calculate currency strength with specified interval, thus it takes less time for calculation);
This indicator needs the history data of all 28 major currency pairs and 9 timeframe.
Read this article to get knowledge How to use Currency Strength Meter Pro to write your own Expert Advisor for MT4
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Fixed updating indicator data when market is closed, when there is not any ticks.