INDICATOR · BEGINNER GUIDE
CURRENCY STRENGTH METER
Which of the 8 big currencies is strongest and which is weakest right now.
◆8 currencies◆28 pairs◆Strongest vs weakest◆On this chart
WHAT YOU SEE · GBPUSD 1H
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1Badge: the leader right now.
2Strongest: the currency rising most.
3Pair: strongest vs weakest, with its direction.
4On this chart: which side of your pair is stronger.
5Bars: green = strong, red = weak.
6What this means: the picture in plain words.
Use it in 5 steps
- Switch it onCharts → Basic Indicators (ƒx) → tick Currency Strength Meter.
- Read the barsLonger green = stronger. Longer red = weaker.
- Check your pairThe On … row says which currency in your chart is stronger.
- Strong vs weakMany traders look to buy a strong currency against a weak one.
- Recheck oftenStrength can change quickly, especially around big news.
CAD strong, EUR weak, EURCAD down
EURCAD 1H, 23 Oct–2 Nov. CAD was the strongest currency (+1.37) and EUR the weakest (−2.03), and EURCAD kept falling.
The dashboard
- Strongest / Weakest: the top and bottom currency, with scores.
- Strongest vs weakest: the pair that matches them, and its direction.
- On your pair: which side is stronger now.
- 8 bars: every currency from strongest to weakest.
- Score: the average move in ATRs over the last 24 candles.
Golden rules
- A guide, not a signal. Check the chart and big news first.
- Uses 28 forex pairs on the timeframe you pick (1 hour by default).
- Forex only: gold and indices are not scored.
- Always use a stop loss and risk 1% or less per trade.
🔔 Get told when it fires: click Alerts, choose Currency Strength Meter and tick “A new currency becomes the strongest”.
For educational purposes only. The results in this guide come from testing on past prices. Past performance does not guarantee future results, and real spreads, slippage and delays can make results worse. Nothing here is financial advice, and trading carries a high risk of losing money. Read the risk warning.