Currency Power Meter shows the strength of the major currencies relative to each other. The indicator shows the relative strength of the currency / pair at the current moment for a certain period of time (H4, day, week, month). It will be useful for intraday traders, swing traders and long-term traders, as it provides the ability to configure the period.

The strength of the currency is the real reason for the trend in the market: the pair of the strongest and weakest currencies will have the strongest trend. As you know, the trend brings money, and all traders earn on it.

Have you ever asked yourself why some trades open on a strong signal, but still end up failing? The reason for this is to get a signal on a particular favorite pair without taking into account the strength of the currency relative to other currencies, which would help to make a better decision. This indicator shows which pair is the strongest and which is the weakest, i.e. which pair has the strongest trend. It also shows which currencies/pairs are neutral, these pairs should not be traded.

• Real-time visual representation of the strength of major currency pairs relative to each other.
• Ability to switch between full mode (shows the correlation between major currencies) and compact mode (shows only the strength of major currencies).
• Ability to switch between analyzed periods: H4, Day, Week, Month.
• Showing an alert when the currency strength changes.
• If alerts are enabled, notifications are also sent to your email and mobile device when the currency strength changes.
• The ability to choose the font size that is suitable for your monitor.
• Allows you to freely change the position of the indicator on the chart.

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• The indicator draws a table of major currencies in the center in the form of a gray line in the center, the other currencies are displayed at the top and bottom in red and blue columns.
• The strength of each currency is analyzed and compared with the strength of other currencies. The values correspond to certain states:
• Below -5.0: As weak as possible.
• -5.0 to -2.5: Very weak.
• -2.5 to -1.0: Weak.
• -1.0 to 1.0: Neutral.
• 1.0 to 2.5: Strong.
• 2.5 to 5.0: Very strong.
• Over 5.0: Maximum strength.
• If the currency is shown in red, it is stronger than the base currency in the specified time period.
• If the currency is shown in blue, it is weaker than the base currency in the specified time period.
• The higher the position (the richer the red color), the stronger the currency.
• The higher the position (the more intense the blue color), the weaker the currency.

• Below -5.0: As weak as possible.
• -5.0 to -2.5: Very weak.
• -2.5 to -1.0: Weak.
• -1.0 to 1.0: Neutral.
• 1.0 to 2.5: Strong.
• 2.5 to 5.0: Very strong.
• Over 5.0: Maximum strength.

• The strategy for using this indicator is simple: Find a strong and weak currency with a difference in strength greater than 5. Use this currency pair for trading. Example: the strength of AUD is -3.8, and USD is 2.5 => 2.5 3.8 = 6.3 >> 5 (Sell AUDUSD).
• The best time to trade (intraday): the London session (usually trends start and develop in this session).
• The time when it is not worth trading (for intraday trading): the second half of the New York session (at this time, trends usually deplete and reverse, even if the difference between a strong and weak currency is large, just wait until the next day).
• Attention: this indicator analyzes the current price of currencies in real time in the specified time period, so at the very beginning of the period (day, week, month), the currencies are shown as neutral. Over time, the indicators will change, and the beginning of the change also signals that volatility is increasing.

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