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Currency Strength Meter Indicator – Free Download

Today we will talk about the well-known Currency Strength Meter indicator. You know, everyday I receive a lot of questions about how I choose the pairs to trade on. Let me share with you a tool which I think of as a “filter” in my decisions. It is called Currency Strength Meter, and it will help you make better trading decisions or verify signals provided by other indicators.

Indicator description

The Currency Strength Meter is an indicator that measures the individual strengths of currencies. With this knowledge, a trader can leverage the weakness and strengths of currencies to choose pairs that have the potential to be lucrative.

Many factors affect the strength of currencies. Some include interest rates, economies, and news. With the currency strength meter indicator, however, a trader can see the strengths of these indicators without having to do any extra computing.

How to use Currency Strength Meter

There are many ways to use the currency strength meter in your trading, and they all depend on your trading style. If you are trading in the trend direction (which I personally highly recommend), take advantage of the pair with the strongest trend direction.

currency strength meter

For instance, according to the Currency Strength Meter indicator, the AUD/JPY pair has the biggest potential for buy orders. Open the AUD/JPY currency pair chart to look for BUY trade entries using other forex analysis tools, such as other indicators.

For example, Forex Xcelerator indicator can be a great helper. It will not only pinpoint the perfect entry point for you, but it will also generate TakeProfit and StopLoss levels depending on the market volatility!

forex xcelerator indicator

As you can see from the screenshot, the last signal of Forex Xcelerator on AUD/JPY, H4 was a SELL signal. On this particular chart, we should soon get a BUY signal and enter it with the offered settings. Because this signal has already been confirmed by a Currency Strength Meter indicator.

My conclusion on the Currency Strength Meter

The currency strength indicator is a great tool but it should not be considered as an entry or exit indicator. Imagine you see that a particular currency pair has a big potential for buy orders. Don’t open the chart and enter the trade without proper analysis. The best way is to pick up a pair with a strong upward or downward trend. Then you can rely on your favorite BUY/SELL indicator.

Currency Strength Meter Indicator - Free Download

P.S. Have problems with installation? Email me at or
I would love to help!

Oliver Murphy

Hi! We are Altra Forex Group, the team of the most qualified and experienced forex traders and programmers. Our Mission Statement: "Trading Forex Made Easy and Successful for Everyone"! Join our team today!


  1. Oliver sent me this indicator with my order of Forex Xcelerator a week ago. I can say that it really helps, all my trades with these both tools were winners so far. Seems to be a perfect duo!

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