Strength Meter Session
From the Old Kings archive: Strength Meter Session, an indicator for MetaTrader 4. As the name suggests, the idea behind it is currency strength across pairs and the trading sessions (Asian, London, New York). It can send alerts and can read another timeframe. It has 39 settings, for example Session Strength (default true), SS1 (default If True, starts as Sessi) and SS2 (default MaxBars. Otherwise, use). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Session
Strength Meter Session is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 39 settings, such as Session strength, SS1 and SS2. MQL source code included.
Files in the download: red this.txt, StrengthMeterSession.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Session strength | true | |
| SS1 | If True, starts as Session StartHour, up | |
| SS2 | MaxBars. Otherwise, uses LineChartBars. | |
| Gmt offset | 0 | |
| Tokyo start hour | 0 | Hour when trading starts (server time) |
| London start hour | 7 | Hour when trading starts (server time) |
| Ny start hour | 12 | Hour when trading starts (server time) |
| Bar note | Add 1 to next three: 11, 61, 151, etc. | |
| Max bars | 151 | |
| Line chart bars | 151 | |
| Bar note2 | Uses DefaultBars if Start bar (Hour) | |
| Bar note3 | > MaxBars | |
| Default bars | 11 | |
| Line width | 2 | |
| Currencies | EUR,USD,GBP,JPY,CHF,CAD,AUD,NZD | |
| Curr display | 1,1,1,1,1,1,1,1 | |
| Symbol fixes | for irregular Symbols | |
| Time frame | 1 | Period or timeframe used by the calculation |
| Strength base | 60 | |
| Recent ch base | 10 | |
| Show line chart | true | |
| Show bar chart | false | |
| Update on tick | true | |
| Allow alert | false | Turn this alert on or off |
| Allow sound | false | Turn this alert on or off |
| Minimum alert interval | 30 | Turn this alert on or off |
| Legend offset y | 20 | |
| Meter position | 20 | |
| Bull color | Green | Colour on the chart |
| Bear color | Red | Colour on the chart |
| Color0 | Magenta | Colour on the chart |
| Color1 | DodgerBlue | Colour on the chart |
| Color2 | Red | Colour on the chart |
| Color3 | Yellow | Colour on the chart |
| Color4 | Aqua | Colour on the chart |
| Color5 | LimeGreen | Colour on the chart |
| Color6 | Orange | Colour on the chart |
| Color7 | White | 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 · Trading Sessions · Alerts · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code