Currency Strength indicator MT4 (Currency Strength Alerts) shows whether you’re dealing with a strong or weak currency.
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Platform: Metatrader 4
Download link: At the end of the post.
Introduction
Currency Strength indicator MT4 (Currency Strength Alerts) shows whether you’re dealing with a strong or weak currency.
Screenshot
Input set up
How to use
Find the Strongest and the Weakest
It’s the easiest and safest approach. All you need to do is define the strongest currency and the weakest one and trade their pair.
For example (above image), if the USD is the strongest and GBP is the weakest, you should SELL the GBP/USD pair. So, you will simply trade in the trend’s direction. The same approach can apply to the trend reversal if you see the currency reached extreme readings of strength or weakness.
Download Currency Strength indicator MT4 (Currency Strength Alerts) for free
how to get currency strength alerts indicator mt4
How To Install Custom MT4 Indicators On Mt4 (6 Simple Steps)
Step 1: Download The Indicator To Your Computer
Step 2: Go To Your Mt4 Trading Platform And Click “Open Data Folder”
Step 3: Click open the “MQL4” folder
Step 4: Click Open the “Indicators” Folder
Step 5: Paste The Custom MT4 Indicator Into The “Indicators” Folder
Step 6: Close Your MT4 Trading Platform And Then Restart It
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