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Currency Meter V5.0 Metatrader 4 Forex Indicator

    The Currency Meter V5.0 MT4 forex indicator lets you spot strong trending currency pairs.

    This currency analysis tool is based on moving averages, Laguerre, RSI and the Williams %R indicator.

    All technical indicators analyze each currency pair and the Currency Meter V5.0 displays the outcome of all technical analysis combined in one easy to read table.

    • A green arrow next to the currency pair indicates the pair is trending up
    • A red arrow next to the currency pair indicates the pair is trending down

    Which currency pairs to trade?

    Trade the strongest trending currency pairs (+100.00 green symbol and -100.00 red symbol).

    Free Download

    Download the currency-meter.mq4” MT4 indicator

    Example Chart

    The EUR/USD 1-Hour chart below displays the Currency Meter V5.0 Metatrader 4 Forex indicator in action.

    Basic Trading Signals

    Signals from the Currency Meter V5.0 MT4 forex indicator are easy to interpret and goes as follows:

    Buy Signal: Buy the strongest currency pair(s). The pair(s) must have at least a positive value of +90. Confirm the buy trade with additional technical analysis tools or indicators.

    Sell Signal: Sell the strongest currency pair(s). The pair(s) must have at least a negative value of -90. Confirm the sell trade with additional technical analysis tools or indicators.

    Trade Exit: Use your own method of trade exit.

    Download

    Download the currency-meter.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (MA1 method, MA2 method,  RSI period, William %R period, Laguerre gamma) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: trend

    Installation

    Copy and paste the currency-meter.mq4 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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