Watch the testing video here:
Forex Currency Index Indicator
Introduction to the Forex Currency Index Indicator
The Forex Currency Index indicator measures and shows the strength of major currencies for each time frame.
The readings are provided for the following currencies: USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD.
That gauge will be helpful in confirmation of trade decisions and entry points.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Forex Currency Index indicator in MT4?
Copy and paste the ForexCurrencyIndex.ex4 or ForexCurrencyIndex.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
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