Currency Power Indicator
The currency power indicator measures the strength of the 7 major currencies (CHF, AUD, EUR, NZD, JPY, USD, CAD, GBP) and ranks them in a nice little window on the MT4 main chart.
Buy: Look to buy the strongest currency versus sell the weakest currency. Looking at the image below, one would buy the CHF and sell the GBP (CHF/GBP).
Sell: Look to sell the weakest currency versus buy the strongest currency. Looking at the image below, one would sell the GBP and buy the CHF (GBP/CHF).
Currency pairs: majors + currency crosses
Time frames: any
Configurable Indicator Options
Window, corner, X position, Y position, color,…
EUR/USD M30 Chart Example