Strength Meter
Strength Meter — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to currency strength across pairs. Its source code uses MACD, RSI and the Stochastic oscillator. It draws arrows on the chart, can send alerts and shows an on-chart panel. It has 40 settings, for example Currencies Window Below Table (default FALSE), Show Currencies (default TRUE) and Show Currencies Sorted (default TRUE). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 16 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Strength Meter
Strength Meter is an indicator for MetaTrader 4 based on MACD, RSI and Stochastic. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 40 settings, such as Currencies window below table, Show currencies and Show currencies sorted. MQL source code included.
Files in the download: csDash.ex4, currency strength meter.tpl, ForexProfitSupreme Meter.ex4, ForexProfitSupreme Meter.mq4, ###QQE_Alert_MTF_v5###.ex4, #Signal_Bars_v6.ex4, EMA_Crossover_Alert.mq4, Exit_-_1hour.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Currencies window below table | FALSE | |
| Show currencies | TRUE | |
| Show currencies sorted | TRUE | |
| Show symbols sorted | TRUE | |
| Symbol prefix | ||
| Dont show this pairs | NZDCHF | |
| Handle back ground color | LightSlateGray | Colour on the chart |
| Data table back ground color 1 | LightSteelBlue | Colour on the chart |
| Data table back ground color 2 | Lavender | Colour on the chart |
| Currencys back ground color | LightSlateGray | Colour on the chart |
| Handle text color | White | Colour on the chart |
| Data table text color | Black | Colour on the chart |
| Currencys text color | White | Colour on the chart |
| Trend up arrows color | MediumBlue | Colour on the chart |
| Trend down arrows color | Red | Colour on the chart |
| Sound on | true | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| Fast ma mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma, 4=lsma |
| Fast ma period | 4 | Period or timeframe used by the calculation |
| Fast price mode | 0 | 0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+l |
| Slow ma mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma, 4=lsma |
| Slow ma period | 13 | Period or timeframe used by the calculation |
| Slow price mode | 0 | 0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+l |
| Account mini | true | If false, account is standard |
| Pip value | 0.832 | Pip Value |
| Shift settings test only | === Format: 2007.05.07 00:00 === | Bar shift (0 = current bar) |
| Look time shift | D'2007.05.07 00:00' | Shift for test if "test" is true |
| Shift indicators | 0 | Shift for indicators if "test" is false |
| Test | false | |
| Trend strong level | 75.00 | |
| QQE60 | 60 | |
| QQE1 | 1 | |
| QQE5 | 5 | |
| Lsr pips | 40 | |
| Lsr period | 28 | Period or timeframe used by the calculation |
| Lsr mult | 2.0 | |
| Bar width | 0 | |
| Bar color up | DodgerBlue | Colour on the chart |
| Bar color down | Red | Colour on the chart |
| Text color | White | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Currency Strength · Buy/Sell Arrows · Alerts · Dashboards & Scanners · MACD · RSI · Stochastic · MT4 Indicator · MQL4 Source Code