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Trading strong currencies against weak currencies is always the safest game. This indicator measures the relative strength between the main
currencies and facilitates the selection of tools, makes it easier to enter and exit. The main idea is to attack weak currencies,
using the strong as a counter-currency, and vice versa. Buy strength against weakness and short weakness against strength. [

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• Find strong and weak currencies at a glance
• It is easy to compare one currency with another
• Is the currency strengthening? Search for a long time
• A weak currency? Search for shorts
• It implements a dashboard with multiple timeframes
• This is a confirmation of the quality of transactions
• The indicator does not need to be optimized at all
• Configurable viewing periods
• The indicator is not repainted

It is quite simple to interpret the indicator. It compares the current and previous price of 27 currency pairs and counts how many times each currency is used
gained or lost in relation to everyone else. Since there are only 8 currencies, the maximum score is 7, which means
the currency gained against all the others, and the minimum score is -7, which means that the currency is lost against all the others.
the others. This logic is calculated for each timeframe and displayed in the dashboard that helps you
find stronger and weaker currencies on all timeframes.

Important: the indicator does not work in the tester, MT4 does not support multi-currency support. Don’t test it.

The Currency Meter indicator evaluates several currency pairs and determines in absolute terms which currency has won or lost more
total compared to other currencies for a certain period of time.

Currency pairs analyzed: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD, EURCHF, NZDUSD, AUDCAD, AUDCHF, AUDNZD, AUDJPY,
CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURGBP, EURJPY, GBPD, GBPD , GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY , which
they are present in all meta-traders ‘ brokers.

The correct use of the indicator is to buy strength against weakness and vice versa. But it can also be used to confirm a trade on
any given pair initiated by technical analysis. The indicator displays the strength of each currency for each timeframe.

• Period – the period of the indicator in bars.
• Look Back-the number of bars to evaluate the past to find out whether a particular currency pair was won or not.
  lost against the other.
• Max History Bars: the number of past bars to evaluate when loading the indicator.
• Suffix and Prefix: Enter the prefix and suffix for the characters in the “Suffix” and “Prefix” parameters on the indicator inputs, if this is the case
  applicable. For example, if your EURUSD symbol is called “EURUSDpro”, then ” pro ” is a suffix. Another example, if your
  the EURUSD symbol is called “fxEURUSDmini”, then” fx “is a prefix and” mini ” is a suffix. The indicator requires this if the names
  the characters are not standard, for constructing correct character names.
• Drawing parameters. Select the font sizes to create the control panel and labels.

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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