Currency Strength Meter

A currency strength meter is a forex indicator that ranks the 8 major currencies (USD, EUR, GBP, JPY, AUD, NZD, CAD, CHF) by relative strength on a single panel. It calculates each currency's strength by averaging its performance against the other 7, helping you find the strongest pair to buy and the weakest to sell.

The MT5 strength meter analyses all 28 major forex pairs in real time, calculates each base currency's strength against every other, and displays the results as numeric scores or coloured bars. Most update on every tick, so you see strength shifts within seconds of price movement.

Yes. Every strength meter in this archive is free to download as a .ex4 (MT4) or .ex5 (MT5) file. No paid licence, no broker referral. Drop into your MetaTrader Indicators folder, restart, and attach to any chart.

Strength meters are highly accurate as a snapshot of relative momentum but cannot predict reversals. They tell you which currency has been strongest during the chosen timeframe, not which one will continue. Combine with a structure indicator or price action confirmation for actionable trade signals.

Multi-timeframe is best, combine H1 for entry timing, H4 for trend, and D1 for overall bias. The best meters let you weight all three. Using only M5 or M15 produces noisy readings that flip too often to trade reliably.

Yes. Strength meters are pure indicators, not EAs, so they don't trigger any prop-firm rule on automated trading. The indicator is allowed on FTMO, MyForexFunds, The Funded Trader, and every other major prop firm.