KT Currency Strength Meter Indicator
MT4 | MT5

Advantages

• Improve your trading strategy instantly by filtering out the signals that suggest buying the weak currency against a strong currency and vice versa.
• It helps to eliminate unintentional hedging and over-trading.
• Avoid the high-risk countertrend trades, i.e., never buy the weakest currency against the strongest and vice versa.
• It helps to filter out the trading positions that cancel out each other.
• The Currency meter is updated in real-time using the most recent data.
• KT Currency Strength Meter indicator is a lightly coded indicator that uses minimum CPU resources without putting any unnecessary load on your PC so that your other strategies and deployed indicators remain unaffected.
• A unique color is dedicated to each currency, which helps differentiate and identify each of them quickly.
• Simple and straightforward input parameters without any complicated settings.
  
  

How to Interpret and use the KT Currency Strength Meter indicator

In the above picture, the currency meter shows that on a 1-Hour time-frame, the Euro is the strongest while New Zealand Dollar is the weakest currency.

Using this information, you can plan to enter in a long trade on EURNZD pair.

Consider the Currency Meter as a compass that shows the overall direction of a particular currency and then plan your entry positions based on a solid trading strategy.

Input Parameters