TCL Power Meter
- Indicadores
- Versão: 1.4
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
- Eight-Currency Strength Bars — one bar per major currency, scaled 0 to 100.
- Aggregated RSI Engine — strength derived from RSI values across all relevant cross pairs.
- Color-Coded Display — bars are color-graded for quick visual scanning.
- 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
- Download the file from MQL5 Market
- Restart MetaTrader if needed
- Drag the indicator onto any chart
For questions about parameters or behavior, please use the Comments tab.
