The MT4 Currency Power indicator is a lightweight version of the currency strength meter. It calculates results quickly, utilizing few resources.
Furthermore, the indicator shows currency strength and helps traders decide on the strongest and weakest combinations of currencies.
Additionally, you can see the BUY and SELL status of various currencies on the current price chart. The colors allow forex traders to make informed decisions on when to buy or sell.
Forex traders can place the indicator on whatever time frame they want to, as it is independent of time frame. It works for new and experienced traders alike and should be used by people who are uncertain about their trading skills.
New traders can understand the strength of the currencies and identify the best currency pairs to buy & sell. Advanced forex traders can also use currency strengths to formulate advanced trading strategies.
Customers don’t need to pay to download the indicator – it’s available for free! Installing is simple and quick, too.
The MT4 currency power indicator can be used to identify the strongest and weakest pairs among currencies. The fact that it also allows traders to ‘play’ these pairs against each other is fantastic, effectively making any trader’s life easier.