RFX Forex Strength Meter is a powerful tool for trading on 8 major currencies on the Forex market:

The indicator calculates the strength of each of the currencies using a unique and accurate formula, starting the calculation at the beginning of each trading day with your broker. Any Forex trading strategy can be significantly improved by observing the strength of major currencies. You can observe the deviations between the two currencies and take advantage of the momentum in the market.

• Maximum Look Back Days is a positive integer indicating the maximum number of days in the past on which the currency strength values will be calculated.
• Only Show Chart’s Currencies – if the parameter is set to Yes, the indicator will only show the strength of the currencies of the chart to which it is attached. For example, you have launched an indicator on the EURUSD chart. In this case, it will show the strength of the EUR and USD currencies. If the parameter is set to No, the indicator will show the strength of all the selected currencies.
• Show Panel? – if the parameter is set to Yes, and the previous parameter is No, a panel will be added in the upper-right corner of the graph showing the previous and current strength values.
• Send Alert at Power Change? – if the parameter is set to Yes and the panel is enabled, the indicator will notify you about a change in the position of the strongest/weakest currency in the current column, i.e. about the possibility of making a trade on the corresponding pair.
• Show USD – if = Yes, the indicator will display the strength of the USD currency.
• Show EUR – if = Yes, the indicator will display the strength of the EUR currency.
• Show GBP – if = Yes, the indicator will display the strength of the GBP currency.
• Show CHF – if = Yes, the indicator will display the strength of the CHF currency.
• Show JPY – if = Yes, the indicator will display the strength of the currency JPY.
• Show AUD – if = Yes, the indicator will display the strength of the AUD currency.
• Show CAD – if = Yes, the indicator will display the strength of the CAD currency.
• Show NZD – if = Yes, the indicator will display the strength of the NZD currency.
• USD Color – the color of the line indicating the strength of the USD currency.
• EUR Color – the color of the line indicating the strength of the EUR currency.
• GBP Color – the color of the line indicating the strength of the GBP currency.
• CHF Color – the color of the line indicating the strength of the CHF currency.
• JPY Color – the color of the line indicating the strength of the currency JPY.
• AUD Color – the color of the line indicating the strength of the AUD currency.
• CAD Color – the color of the line indicating the strength of the CAD currency.
• NZD Color – the color of the line indicating the strength of the NZD currency.

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• The indicator works with brokers providing trading for 28 major pairs: EURUSD, GBPUSD , USDCHF, USDJPY, EURGBP, EURCHF, EURJPY, GBPCHF, GBPJPY, EURGBP, USDCAD, EURCAD, GBPCAD, CADCHF, CADJPY, AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDCHF, AUDJPY, EURNZD, NZDUSD, GBPNZD, NZDCHF, NZDJPY, AUDNZD, NZDCAD
• To display the indicator values on historical bars, you need to download the history of 28 main pairs.

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