Currency Strength Meter

Beginner Questions
1

Good Day Team,

Where can I get a free Currency Strength Meter and how do I integrate it in my MT4 platform?

2

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

3

thanks so much! - let me dive in.

4

Apart from strongest against weakest currency nobody mentioned any other strategy built around the indicator like other indicator s it’s lagging

5

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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