Currency Strength Meter
Which currencies are strong right now — and which are weak?
USD, EUR, GBP, JPY, AUD, NZD, CAD, CHF — the relative strength of all 8 major currencies is calculated and displayed as a ranked list. Pairs that combine a strong currency with a weak one tend to produce cleaner trends.
What It Does
- ✓Ranks the relative strength of the 8 major currencies
- ✓Calculates relative strength from the rate of change across multiple currency pairs
- ✓Displays strength visually using bar length and color
- ✓The timeframe and lookback period used for calculation are configurable
Key Parameters
| Parameter | Default | Description |
|---|---|---|
| InpLookback | 24 | Number of bars used to calculate the rate of change |
| InpTimeframe | H1 | Timeframe used for the calculation |
| InpSuffix | (blank) | Symbol name suffix (e.g. .raw) |
| InpCorner | Top-left | Panel position on the chart |
| InpFontSize | 10 | Font size |
Installation
- 1Place the .mq5 file in MT5's data folder → MQL5/Indicators
- 2Compile in MetaEditor (or restart MT5)
- 3Drag and drop the indicator from the Navigator panel onto a chart
Disclaimer
If your broker appends a suffix to symbol names (e.g. EURUSD.raw), set InpSuffix accordingly. Without this, the indicator cannot retrieve the necessary pairs and will not calculate correctly.
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