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Currency Power MT4 Forex Indicator

    Each line represents the power of a currency: GBP: red, USD: green, EUR: Blue and JPY: Gray. Signals can be generated when currency strength lines cross each other. For example: One could go long when EUR line crosses the JPY line from below. EUR gets stronger while JPY gets weaker. Result would be buying EUR/JPY pair.

    Download link: Click here to download the CurrencyPower_Indicator.ex4 indicator 

    Currency Power Indicator Chart Example (EURUSD H1)


    Platform: Metatrader 4

    Indicator type: Measuring trend strength