Strong VS Weak is a piece of software that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded on the 11th of December 2015, there aren’t any updates mentioned on the site, the current version of the indicator is version 1.1, which was created and uploaded by Yossarian Escobedo.
Strong VS Weak is an indicator designed for the MetaTrader 4 trading platform, it has been designed to help measure the strength of the 8 major currencies (USD, EUR, GBP, JPY, CHF, AUD, NZD, and CAD). The indicator only needs to be placed on one chart and can simultaneously monitor the entire market.
The main features of this indicator:
Easily monitor the strength of the 8 major currencies and all 28 pairs. USD, EUR, JPY, GBP, CHF, AUD, NZD, and CAD
Unlike most strength meters, this meter measures each currency against a weighted basket of its peers.
You can select the precise time to begin calculating values. For Example The beginning of the New York trading session or after a news-event.
The indicator can trigger real-time crossovers alerts.
You have full control of the colors and currencies to be displayed.
The plotted graph allows you to analyze when crossovers occurred, as well as anticipate any potential extremes.
A full analysis of up/down percentage values, as well as head-to-head comparisons between currencies.
There are a number of different settings and parameters available to alter, these will help change the way the indicator works to better suit your needs. Some of these inputs include whether to have alerts on or off, the interval of the alerts, the colors of lines and arrows, sizes of the indicator, currency selection, line thickness and, more.
The Strong VS Weak indicator will currency cost $79 to purchase, this will give you unlimited access with no restrictions, if you do not wish to purchase it, then you are able to rent it, you can rent the indicator on a one-month basis which will cost you $59 per month you are also able to rent it on a three-month basis which will cost you $69 every three months. There is a free version available, this does have some limitations, the site does not indicate what the limitations are, however.
At the time of writing, there are 8 different reviews available, each one of the reviews giving the indicator and 5 out of 5 ratings.
“Can’t say enough about the quality of this service. The tool provides an instant overview of all currency pairs and their relative strength to each other. Now I can see what is happening in the marketplace in real-time in terms of currency strength. A personal thanks to Mike for all your 5-star help.”
“This indicator is fantastic, very good for any business and market analysis … With it you have a quick and accurate analysis on the buying and selling strength of each currency, being fundamental to any trading. I already took the opportunity to purchase other indicators from this seller. I recommend everyone for the great service and quality of products.”
“This is the best indicator I have ever used. Besides, the seller is awesome. You deserve 5 stars.”
So all of the reviews are very positive which is a good sign, There are also a number of comments on the indicator page, Yossarian Escobedo the creator of the indicator is replying to each one in a prompt manner which is a good sign for the possible customer service that you will receive once you purchase or rent the indicator. We would suggest that you try out the free version prior to making a purchase, just to make sure that it suits your requirements and that you are able to get it functioning properly.