Forex Currency Strength Multimeter MT4 Indicator

Forex Currency Strength Multimeter MT4 Indicator:

About the Forex Currency Strength Multimeter MT4 Indicator

The Currency Strength Multimeter indicator shows the strength, direction and rank of each of the following currencies:
  1. AUD
  2. CAD
  3. CHF
  4. EUR
  5. GBP
  6. JPY
  7. NZD
  8. USD
Furthermore, it also shows the strength, direction and rank of each of the following currency pairs:
  1. AUDCAD
  2. AUDCHF
  3. AUDJPY
  4. AUDNZD
  5. AUDUSD
  6. CADCHF
  7. CADJPY
  8. CHFJPY
  9. EURAUD
  10. EURCAD
  11. EURCHF
  12. EURGBP
  13. EURJPY
  14. EURNZD
  15. EURUSD
  16. GBPAUD
  17. GBPCAD
  18. GBPCHF
  19. GBPJPY
  20. GBPNZD
  21. GBPUSD
  22. NZDCAD
  23. NZDCHF
  24. NZDJPY
  25. NZDUSD
  26. USDCAD
  27. USDCHF
  28. USDJPY
The indicator works on any chart and in any time frame. The strength, direction and rank data of each currency and currency pair is accessible through an indicator buffer. You may drop the indicator on a chart to show all the info or you can configure the indicator to only show the currencies and currency pair for the specific chart it’s on.
The data is displayed as horizontal bar charts for currencies and currency pairs. It also displays a continuous line chart for currencies only.
The indicator inputs and defaults are as follows:
  • BarsLimit = 60 – Number of bars to use in calculation.
  • Hours = 1 – Number of hours to use in calculation.
  • ShowAllCurrencyPairs = true – False to show data for currency chart only.
  • DrawIndicator = true – False when using iCustom to access the data via buffers.

Test results:

Forex Currency Strength Multimeter MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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