Currency Strength Meter Indicator
RSI-derived multi-currency relative strength meter · Free · MT4
About Currency Strength Meter Indicator
The Currency Strength Meter, documented at indicatorspot.com and multiple other MT4 resource sites, displays the relative strength of each major currency by analysing its performance against all other majors, visualised as a colour-coded histogram alongside a numeric strength value.
The underlying algorithm is based on the standard MetaTrader RSI indicator — it scans the RSI of all relevant currency pairs and derives an independent per-currency strength value. This lets traders instantly identify which currencies are bullish or bearish and combine the strongest with the weakest to find high-probability pair setups. It works across all intraday timeframes as well as weekly/daily/monthly charts, and is particularly useful for swing and position traders on H4/Daily.
- Platform: MetaTrader 4
- Type: Multi-currency relative strength indicator
- Basis: RSI-derived, scanned across all major pairs
- Best use: Pairing the strongest vs. weakest currency; H4/Daily for swing/position trading
- Price: Free
- Source: indicatorspot.com · Currency Strength Meter Indicator for MT4