The Currency Heatmap MT4 indicator table shows the different currencies in relation to each other.
Currencies shown are: USD, EUR, GBP, JPY, CHF, CAD, AUD and NZD.
You can easily find out which currency pair to trade as follows:
The strongest currency versus the weakest currency (buy this pair) or the weakest currency versus the strongest currency (sell this pair).
LimeGreen colored currencies are the strongest while red colored currencies are the weakest.
Take a look at the table below to find out which currencies are among the strongest and which are among the weakest.
The AUD/CAD H1 chart below displays the Currency Heatmap forex indicator in action.
Basic Trading Signals
This indicator is used to find the strongest trending (up or down) forex pairs. See description above on how to use this indicator.
MT4 Indicator Characteristics
Currencies: USD, EUR, GBP, JPY, CHF, CAD, AUD and NZD
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (CurrenciesHorizontal, CurrenciesVertical, StrongUp, WeakUp, NoMove, WeakDown, StrongDown) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the currency-heatmap.ex4 indicator 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)