Currency Power Index (CPI) Indicator Download for MetaTrader 4 - Free - MT4/MT5 Resource

The Currency Strength Index (CPI) indicator is an oscillator based on the MetaTrader 4 Indicator (MT4) Correlation . The CPI indicator helps traders identify the relative strength of a base currency compared to various symbols through correlation, technical analysis, and data, enabling them to make better trading decisions.

Indicator table (CPI)

negative correlation

In the XAGUSD 15-minute chart , the Commodity Channel Index (CCI) indicates that the dollar strength is rising while silver prices are falling. This movement demonstrates a negative correlation between the silver symbol and the US Dollar .

Positive correlation

On the 30- minute chart ( WTI ), the strength of the Canadian dollar is weakening . At the same time, the price of oil is also trending downward. This indicates a positive correlation between the Canadian dollar and oil price .

Indicator Settings

• Select the currency in which power is calculated : Select currency type
• Calculation method : Select calculation method
• Short Moving Average Ratio : Setting the Short Moving Average
• Long Moving Average Ratio : Setting Long Moving Average
• Rate of Change : Percentage of change
• Number of candles used to calculate currency : Select the number of candles to calculate
• Number of Previous Candles : Number of Looking Back Candles
• Average range of output : percentage of moving average output
• MA_Short_Period : short-term moving average period
• MA_Long_Period : long moving average period
• Price : Select the calculated price type

Summary

When the Currency Strength Index (CPI) Metatrader4 trading instrument is above the 0 level, that is, the base currency strength increases. On the contrary, when the CPI falls below the 0 level, it means that the base has dropped. Currency strength .