Good Day Team,
Where can I get a free Currency Strength Meter and how do I integrate it in my MT4 platform?
Welcome @AegisofZeus
there are sooo many to choose from. Start with the search tool above right.
There’s a good thread on Currency strength here:
Google “how to install indicators MT4”
That should do it. Let us know how you make out!
Good Luck and welcome!
KC
thanks so much! - let me dive in.
Apart from strongest against weakest currency nobody mentioned any other strategy built around the indicator like other indicator s it’s lagging
I would concur that everyone agrees all indicators or lagging.
A strong/weak strategy on higher time frames should give the trader a definite edge. @Dennis3450 seems to be successfully riding the wave of strong/weak analysis on the dailies.
I believe that thread was targeting strong/weak trading. What other strategies would a trader build around currency “strength meter”? It’s my understanding that’s what it is specifically for.
I suppose instead of trading the more extreme ends a trader could track a pair as they are gaining/losing strength and trade the anticipated cross to perhaps get in earlier?
KC
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