The USD strength indicator measures the strength of the US Dollar against 4 major currency pairs: the EUR/USD, GBP/USD, USD/JPY and AUD/USD.
Then it combines data to draw green bars for dollar strength (bullish) or red bars for dollar weakness(bearish).
Trading Signals
Green Bars: Look to buy the USD against the weakest currency pair.
Red bars: Look to sell the USD against the strongest pair.
Indicator Preferences
Currency pairs: any
Preferred Time frames: any
Sessions: any
Download
Download the CUSIV01.mq4 indicator.
Configurable Indicator Options
EMASize, Colors: GBP/USD strength, EUR/USD strength, USD/JPY strength and AUD/USD strength
GBP/USD H1 Chart Example
How to install the USD (Dollar) Strength custom indicator in Metatrader 4?
- Download the CUSIV01.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.