The Best Currency Strenght Indicator can be found on the MQL5 website and marketplace, we have provided a link so there is no confusion as to which indicator we are looking at. The indicator was first uploaded on the 18th of December 2019, it has had a number of updates the most recent update was on the 29th of February 2020 and is currently on version 3.8.
Overview
The Best Currency Strength Indicator is an indicator that has been designed to be used with the MetaTrader 4 trading platform. It breaks down the currency strength of 28 currencies pairs into their individual currencies and works across all timeframes. It is useful as it will allow you to see the true movements of the markets, allowing you to buy strong currencies and sell weaker currencies.
A few of the special features of the indicator:
-No more spending hours analyzing all charts. Analyze the Forex Market in 1 window (1 minute).
-Choose any custom time you want to start calculating currency strength.
-Get signals directly to your phone anywhere you are.
-Be notified when there’s a new signal by turning on Alerts.
–Currency Strength Meter Dashboard (showing all the values, dates, time, and connection speed in milliseconds).
-Multi-Timeframe Currency Strength Dashboard (Calculated across all timeframes).
-28 FOREX pairs + Gold + Silver + 5 additional pairs of your choice (Stocks, CFD’s, Crypto Currencies, Indexes, or any chart).
-Special period separators (showing months, days and times)
-And more.
There are also a whole bunch of parameters that can be used to alter the way that the indicator functions, some of these include prefix, suffix, the maximum number of bars, start hour and minute,m alerts, and more.
Service Cost
There are a few different ways that you can purchase the indicator, you can buy it outright for $149, this will give you unlimited access to the indicator. You are also able to rent it. You can rent if for a period of 3 months which will cost you $49, you can also rent it for 6 months which will cost you $79, or you can rent it for 1 year which will cost you $119. There is also a free demo version available, this will have some limitations, we are not entirely sure what they are but the free version may only work on demo accounts.
Conclusion
At the time of writing, there are currently 24 reviews available on the Best Currency Strength Indicator, they have given the indicator an overall rating of 4.5 out of 5.
“Seller is very helpful and the indicator is showing a lot of promise. I Will update after a while, but for the meantime, it appears to be impressive.”
“10 Stars…Yes, this indicator is the best I have used for many 2 years… Easy to understand, just follow the crossing signal, then execute it… I got 50% profit in 1 day… Tomorrow, I will hunt again… Excellent…“
“This indicator is very good and it has great potential, I Express my gratitude to the author of this indicator for his support. Thank you very much for this indicator.”
There is a one-star review, but the user did not leave a comment, so the reviews available all look very positive, the creator also seems to be very responsive to comments and is replying to them promptly, this indicates that the support received should be of a good level. Even though the majority is positive, we would still recommend that you download and test out the free version before making a purchase.
This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/34021
