Currency Meter V5.0 Metatrader 4 Forex Indicator

The Currency Meter V5.0 MT4 forex indicator lets you spot strong trending currency pairs.

This currency analysis tool is based on moving averages, Laguerre, RSI and the Williams %R indicator.

All technical indicators analyze each currency pair and the Currency Meter V5.0 displays the outcome of all technical analysis combined in one easy to read table.

  • A green arrow next to the currency pair indicates the pair is trending up
  • A red arrow next to the currency pair indicates the pair is trending down

Which currency pairs to trade?

Trade the strongest trending currency pairs (+100.00 green symbol and -100.00 red symbol).

Free Download

Download the currency-meter.mq4” MT4 indicator

Example Chart

The EUR/USD 1-Hour chart below displays the Currency Meter V5.0 Metatrader 4 Forex indicator in action.

Basic Trading Signals

Signals from the Currency Meter V5.0 MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Buy the strongest currency pair(s). The pair(s) must have at least a positive value of +90. Confirm the buy trade with additional technical analysis tools or indicators.

Sell Signal: Sell the strongest currency pair(s). The pair(s) must have at least a negative value of -90. Confirm the sell trade with additional technical analysis tools or indicators.

Trade Exit: Use your own method of trade exit.

Download

Download the currency-meter.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (MA1 method, MA2 method,  RSI period, William %R period, Laguerre gamma) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend

Installation

Copy and paste the currency-meter.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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