Currency Power Indicator

Currency Power Indicator for MetaTrader4

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 Get the Whole Picture of Each Currency


An amazing indicator that determines how strong each base currency is and assigns to it a score from 0 to 10 by comparing it against 9 of its counter-currencies. In this way you can get the whole picture of how well each specific currency is performing against the overall market.

What Does The Currency Power Indicator Do?

Identifies strong and weak currencies

Instantly compares each currency against 9 of its currencies

Helps identify currency pair combinations that are strong up or down trending

Simplifies the analysis by providing a value of 0-10

Utilisation of 10 trend indicators


How to Use the Currency Power Indicator Work

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Find Strong and Weak Currencies

This indicator shows a value of 0 to 10 for each of 10 base currencies showing how strong the specific base currency is.

-A value closer to 10 implies a strong base currency whose value is increasing.

-A value closer to 0 implies a weak base currency whose value is decreasing.

This value is calculated by comparing a currency against several of its counter currencies to provide a general overview of how strong this base currency is in the markets and not just against a single currency.

Find Strong Trending Pairs to Trade

Look for a base currency with a high score (eg above 6.5) and for a base currency with a low score (eg bellow 4.5).  Buy the currency with the high score while selling the currency with the low score.

Example 1: CAD has a high score of 8.0 while EUR has a low score of 3.4. So sell EUR and buy CAD. Hence SELL EURCAD. It can be seen at the chart below how EURCAD is falling.

currency power indicator USDCAD example

Example 2: AUD has a high score of 7.1 while NZD has a low score of 2.6. So buy AUD and sell NZD. Hence BUY AUDNZD. It can be seen at the chart below how AUDNZD is rising.

currency power indicator  AUDNZD example




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