The base currency is the one that is quoted first in a currency pair, while the quote currency is the one that is quoted second. The currency strength measurement scale is drawn up vertically and contains values from 0 to 100. The symbols’ colors match the chart’s color in the indicator’s window. Ticker symbols of financial instruments are displayed in the lower-left corner of the indicator’s window. The CurrencyStrengthMeter indicator (i.e., currency strength meter or meter) constructs four charts of currency pairs in live mode and displays the strengths of currencies about each other. In this article, we’ll introduce you to the indicator. To correct this problem, a free Currency Strength Meter was developed. Unfortunately, the MT4 terminal doesn’t have an indicator that can analyze the strengths (or power) of currencies about each other.
