Strength Meter MA for MetaTrader 5 by Andrei Keino

Strength Meter MA is the easiest way to identify strong and weak currencies or symbols. This indicator shows the absolute strength of up to 24 currencies or symbols for all the charts that opened in Metatrader5. The adding/removing symbols to/from indicator are handled automatically, after adding/closing the chart windows in the Metatrader5.

This indicator can be used to identify the currency/symbol with the high probability of a high amplitude move for an upcoming trading session. For example if the highest strength for the previous trading session was for the symbol ISDJPY, we can assume the high probability for a high strength for that symbol for the next trading session.

The strength is measured in the unit of the tick size that provided by your broker, so it’s easy to see the absolute strength of the symbol.

The indicator is calculating the strength of all the currencies/symbols in the same time-frame as the time-frame of the chart it is attached to. If the time-frame of the chart the indicator is attached to is changed, the indicator time-frame changes also to match the chart one.

The indicator shows the plot of historical symbol(s) strength in the separate indicator chart window, also it shows the current symbol strength in the ordered colored table that resides in the main chart window. The symbols in the table are ordered by their strength.

**make sure to test it before purchase!

** Feel free to leave you commentaries if you have something to say about the indicator!