Currency Strength Meter is the easiest way to determine the strengths and weaknesses of currencies. This indicator shows the relative strength of 8 major currencies: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD.

By default, the force value is normalized in the range from 0 to 100 for the RSI algorithm:

• A value above 60 means a strong currency;
• A value below 40 means a weak currency;

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This indicator is created and optimized for its external use in Expert Advisors and custom indicators.

There are several special versions for direct use as an indicator:

• Currency Strength Meter Pro for MT4
  
• Currency Strength Meter Pro Dashboard for MT4
  
• Currency Strength Meter Pro Graph for MT4

• Chart with currency strength values (shows the strength of currencies with graphic lines);
• Allows you to calculate the average strength of the currency on the specified timeframes;
• Many algorithms for calculating the strength of currencies (RSI, CCI, RVI, MFI, Stochastic, DeMarker, Momentum);
• Smoothing the moving average (allows you to smooth the result using certain algorithms);
• Latency (allows you to calculate the strength of the currency at a specified interval, so it takes less time to calculate);

For this indicator to work, historical data is required for all 28 major currency pairs and 9 timeframes.

To automatically download historical data, use the DownloadHistory28a9 Expert Advisor at this link: 

Read this article to gain knowledge How to use this indicator to create your own Expert Advisor for MT4

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