Currency strength meter indicator overview.
Stength indicators mt4. 4 ma strength indicator. Upon changing where the currency strength indicator appears on the chart from upper left corner to lower left corner the order of the currencies also change from descending to ascending order. Would much prefer the currency strengths to remain in descending order as opposed to switching to ascending order. The indicator is displayed in the seperate window below the main trading chart.
Trend strength oma channel indicator. You can easily observe visually the strength of each specified currency pair of your choice. Introduction true strength index aka tsi is a momentum indicator developed by william blau. Trend strength oma channel indicator.
I have zero coding skills so i have to make do. 4 ma strength indicator. When you load up the indicator on your metatrader platform the charts should look like this. If you like to know more about the work of williams blau we suggest you read his book momentum direction and divergence this indicator is based on the double smoothing of price changes.
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