The Universal Strength Meter Forex indicator for Metatrader 4 measures the strength of the USD, EUR, GBP, CHF, CAD, AUD, JPY and NZD major currencies.
After loading the indicator to the chart, a mini dashboard will pop up in the right lower corner of the main trading chart.
The corner can be easily changed by editing the indicator’s inputs settings.
Indicator Example Chart (EUR/USD H1)
How to trade with it?
Buy a strong versus a weak currency. For example, buy AUD/JPY currency pair.
Sell a weak versus a strong currency. For example, sell the USD/CAD currency pair.
Naturally, feel free to use your own favorite trading methods to open and close trades with the Universal Strength Meter Forex indicator .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Strength mode, dashboard horizontal shift, dashboard vertical shift, moving average period, stochastic period, color settings & style
Indicator type: Currency strength
Repaint? Does not repaint currency strength, updates dynamically.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the $Zalbu_FFx_Universal_Strength_Meter.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.