YF Meter

2020.03.05 11:31:37.645 MQL4 Market: failed download product 'YF Meter' [403]

Not quite sure why there are good reviews, maybe this currency strength indicator worked well a few years ago when it was written, but after a week's testing on lower timeframes in January 2020 it signals far too late and misses the move, like most strength meters.

Godd indicator.

This indicator makes trading easier. Focusing on fastest pair is one of the best trait to have as a scalper. With right lot size, we can conquer market completely. The author also very responsive with every question being asked.

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I've owned 6 currency meters over the years. This one is by far my favorite! Excellent job Alex!

Does its job and helps in choosing best pair to trade. Display could be improved

I have been looking for this kind of indi and have tested several meters. This one is the best I have ever saw, I bought it after testing for 1 month and that´s why I will describe it with detail for other traders looking for something similar:

1. Most meters give a lot of information which is changuing continuously because of the continuos change of prices, it results anoying and confusing even for following a single pair. Other meters use a fixed TF (ie M30), which gives a very limited information and has delay in other TF.

This meter has a very simply design; in just 4 lines it has: 20 Pairs customizable including CFDs and metals, and Velocity, Temperature and Signal for every pair.

Even this simplicity, it gives a lot of information, but can we decide if/when see it. For example, in every TF we see how quickly the price is moving for every pair, comparing easily which pair and currency is the strogest/weakest; and if we change the TF in the MT4 boxes, the values also change, so that we can see quickly how is moving the wave of price (velocity) for the selected pair from M1 to MN, or comparing the waves of pairs and currencies. It reacts quickly to the change of price but the numbers are not moving continuosly, and so it is not confusing.

2. From M15-M30 there is also a color signal resuming the status of the pair. In lower TFs the price moves slower and so the indi usually shows only the velocity of the pair and which is the strog/weak. Very usefull even without colors.

3. Lastly, there's a 5th line: the spread. We can see it for every pair, beside the above information. I tested it with the MT4 values and the indi works fine. It has a bit of delay when the spread changes very quicky but the adjustment is quick enough.

I use the indi maximized (screen-shoot 1 in Comments page 1) everytime I look for information, and minimized (SSh 2) when not.

To sum up, I give 5 stars because this indi shows me in a very simple way 2 basic things for my trading: prices movement and spread of 20 customizable pairs. Also, I had some question and the author has been very helpful resolving them.