Currency Strength Meter - MT4 - MetaTrader 4 Script | Trading Script Download - MetaTrader 4 Resources
The Currency Strength Meter is a trading tool used to identify trends and consolidate markets based on the percentage price change from one period to the next.
Please feel free to send all your comments and I will be grateful to rate this trading tool.
How to use it:
You can watch the following video which explains how
You can also check out the video below. This is about the Breakthrough Strength Meter
Attachment download
📎 sct_currencystrengthmeter.mq4 (4.79 KB)
Source: MQL5 #33524
Currency Strength Meter - MT4 - MetaTrader 4 Script | Trading Script Download - MetaTrader 4 Resource Usage and Screening Suggestions
Currency Strength Meter - MT4 - MetaTrader 4 Script | Trading Script Download - MetaTrader 4 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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