Forex Signal Strength Meter Lite MT4 Indicator

Forex Signal Strength Meter Lite MT4 Indicator:

About the Forex Signal Strength Meter Lite MT4 Indicator

The Signal Strength Meter Lite is an which calculates the strength of buy and sell signals across many indicators, price action, and candlestick patterns, and displays a score for each symbol on a display board.

Key Features:

  • Analyses the signals from more than a dozen classic indicators
  • Identifies Price Action and Candlestick patterns which are used in the calculation of the signals
  • Returns a score of the Overall Signal Strength
  • Ability to Change Smoothing Period to filter out small corrections
  • Non-repainting
  • Can Be Used in Expert Advisors.
  • Sends Alerts and Push Notifications on direction change

You could load the Signal Strength Meter Lite onto a chart and be able to see the strength of the buys/sells in a histogram below the chart.

Settings:

Smoothing_Period: Higher numbers make the scores smoother.
GetAlerts: true/false. If set to true you will receive Alerts on Mt4 when the score changes from Positive to Negative, and vice-versa.
MobileNotifications: true/false. If set to true you will receive Push Notifications on your phone when the score changes from Positive to Negative, and vice-versa.

Test results:

Forex Signal Strength Meter Lite 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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