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