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Indicator for MetaTrader
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The Currency Power Meter indicator
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Age 3+
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level: Beginner
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English
Author's Instructions
The Currency Power Meter indicator is one of MetaTrader 4's indicators that determines the relative strength of currencies.
This indicator calculates the percentage difference between the closing price of each day's candle and the previous day's, thus indicating the strength of that currency.
For instance, if the strength of the EUR is 0.25% and the strength of the USD is 0.12% in the daily timeframe since the EUR is more potent than the USD, you can look for buying opportunities or signals in the EURUSD pair in the daily or 4-hour timeframe.
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The Currency Power Meter indicator is one of MetaTrader 4's indicators that determines the relative strength of currencies. This indicator calculates the percentage difference between the closing price of each day's candle and the previous day's, thus in
-
Indicator for MetaTrader
-
The Currency Power Meter indicator
-
Age 3+
-
level: Beginner
-
English
Author's Instructions
The Currency Power Meter indicator is one of MetaTrader 4's indicators that determines the relative strength of currencies.
This indicator calculates the percentage difference between the closing price of each day's candle and the previous day's, thus indicating the strength of that currency.
For instance, if the strength of the EUR is 0.25% and the strength of the USD is 0.12% in the daily timeframe since the EUR is more potent than the USD, you can look for buying opportunities or signals in the EURUSD pair in the daily or 4-hour timeframe.