Currency Strength Alerts Indicator

Platform: MT4 Type: Informational

Users rating:

Last update: November 2, 2024

The Currency Strength Alerts Indicator for MT4 shows the trend strength for the 8 major currencies: NZD, EUR, GBP, USD, JPY, AUD, CAD and CHF. What’s more, it sorts all of them from the strongest to the weakest and it is displayed them in top left corner of the screen.

How to use it?
As a basic rule, always follow the strongest currency. Let’s take situation on NZD/USD as an example. As you can se the, the NZD is the strongest currency and the USD currency is weaker. It is wise to open long trade on the NZD/USD pair than. Imagine reversed situation, analogically when the USD currency is the strongest one while the NZD currency is weaker. In this scenario you should consider selling the NZD/USD pair.

Example chart:

currency strength alerts indicator example chart