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The Currency Strength Meter for trending markets



INTRODUCTION :
The currency strength meter is a trading tool that is used to identify trending and consolidating markets based on the percentage rate of change in price from one period to the next.

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This episode is divided into 3 Topics:
* define and see how a currency strength meter works.
* the most important part, we will learn how to use this trading tool to confirm real and fake breakouts.
* How to compile this trading tool in MT4 or MT5.

The 28 currency pairs are:
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD CADCHF,
CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP,
EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF,
GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF. NZDJPY,
NZDUSD, USDCAD, USDCHF, USDJPY

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RECOMMENDED BOOKS:
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1. Robert Kiyosaki – Rich dad Poor Dad
This book CHANGED my life dramatically, click the link below to get it and I promise you will thank me later
* English version: https://amzn.to/38th0to
* Spanish version: https://amzn.to/2VfdVFC
* Portuguese version (Summary version): https://amzn.to/39l849X

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DOWNLOADS:
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* Script version for MT4 on the following link:
https://www.mql5.com/en/code/33524
* Script version for MT5 on the following link:
https://www.mql5.com/en/code/33523
* Indicator version for MT4 on the following link:
https://www.mql5.com/en/code/33585
* Indicator version for MT5 on the following link:
https://www.mql5.com/en/code/33584

Do not forget to send you comments as well as rate these scripts.
Happy trading!

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IMPORTANT INFORMATION YOU NEED TO KNOW
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Please note that investing involves risks. Any decision to invest in either the real estate or stock markets is a personal decision that should be made after thorough research, including an assessment of your personal risk tolerance and your personal financial condition and goals. Results are based on market conditions and on each individual and the action they take and the time and effort they put in.

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7 comments
  1. Hi, this is great looking indicator and probably one of the better currency strength indicators out there. I have tried to download your indicator but when I click the link all i get is an error message 404 page does not exist. Please can you advise as to how i proceed please

  2. Hi fxweidos, I'm fairly new at MT4 and followed your videos. Seem to have successfully added Script and Indicator but in Experts tab I get this message: 2021.03.01 10:24:00.930 IND_CurrencyStrengthMeter AUDUSD,M5: zero divide in 'IND_CurrencyStrengthMeter.mq4' (58,35).
    I do have four time frames for the one pair open at all times.
    Also I don't see where the indicator show on my charts. Can you help.
    Thanks in advance.

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