Currency Slope Strength Metatrader 4 Forex Indicator

The Currency Slope Strength forex indicator for Metatrader 4 calculates and displays the slope for the following currencies: USD, EUR, GBP, JPY, AUD, NZD, CAD and CHF.

How to use this powerful information?

Look for currencies with a steep slope (above 0.80 and below -0.80). They represent strong trending currencies.

Next is to trade currency pairs which are made up of a strong trending currency versus a weak currency.

Free Download

Download the currency-slope-strength.mq4” MT4 indicator

Example Chart

The GBP/USD 1-Hour chart below displays the Currency Slope Strength Metatrader 4 Forex indicator in action.

Basic Trading Signals

Signals from the Currency Slope Strength MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Buy a currency pair that is made up of a strong UP trending currency (steep slope) versus a weak DOWN trending currency. Confirm the buy trade with additional analysis tools.

Sell Signal: Sell a currency pair that is made up of a strong DOWN trending currency (steep slope) versus a weak UP trending currency. Confirm the sell trade with additional analysis tools.

Trade Exit: Use your own method of trade exit.

Download

Download the currency-slope-strength.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (time frame, show cross alerts, currencies) Colors, width & Style.

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

Type: strength

Installation

Copy and paste the currency-slope-strength.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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