Forex quotes are based on the balance between the buying and selling of currencies between two countries, and the strength or weakness of each currency plays a very important role in forex trading.

Currency strength/weakness refers to the strength or weakness of a single currency.

Strong ➡ Bought (high demand)

Weak ➡ Sold (low demand)

If the dollar is being bought, the dollar straight (dollar-related currency) is more likely to grow.

Conversely, if the yen is being bought, cross yen (yen-related currencies) are more likely to grow.

This balance of currency strength and weakness is an essential element of a forex trading strategy.

There are three main advantages to understanding currency strength and weakness in FX

⭐Choose the right currency pair for your trading today

⭐Currencypairs that are easy to growcan be selected.

⭐Trends can be identified.

and can be used to achieve profitable transactions.

In thisway, currency strength/weakness can be used to select a dominant currencyand to understand major market waves.

In forex trading, it is important to properly read currency strength and weakness and use it in your trading strategy.So, how do you use the " Currency Strength Indicator" in forex trading? First, check the rank or index of each currency in terms of currency strength and weakness to identify the strong and weak currencies in the current market. This will greatly assist you in selecting currency pairs to trade and determining the direction of the market. Next, we review the currency strength and weakness waves to identify trends and volatility. This information can be used to time your entry and settlement. Understand these and apply them to your FX trading. There are three main ways to make specific use of this information.

(1) Display setting

Enter the number of barsto be displayed.(Number of bars = number of candlesticks) *Recommended value is between 500 and 2000. If the number is too large, MT4 processing will become slow.(2)Color settingYou can select thecolor of the 8 currencies to be output as currency strength/weakness. The color scheme you set will be reflected in the color of the wave and button of the currency strength/weakness. The startingprice can be selected from " daily," "weekly," or "monthly. ⚠️ Note⚠️ The currency strength/weakness indicator can be displayed or not for each unit selected above. Select " daily"➡ The currency strength indicator will not be displayed for the hourly, daily, weekly, and monthly time frames. The currency strength/weakness indicator will be hidden for the daily, weekly, and monthlytime frames . Select " Monthly " ➡ Currency strength/weakness will be hidden for Weekly and Monthly.

⭐The scale of currency strength/weakness is changed by switching time legs! ⭐By pressing the button for each currency on the left part of the oscillator, you can select to display the wave of the corresponding currency!

⚠️ Note1⚠️ The Currency Strength and Weakness Indicator uses 28 different currency pairs, combining the following eight currencies

Therefore, if the corresponding currency pair does not exist in the FX company to be introduced, it cannot be used.

Error message displayed in Terminal -> Expert Automatically exits after indicator is introduced

⚠️ Note2⚠️ When implementing the currency strength/weakness indicator,please use it on the chart of thecorresponding currency pair.

Error message displayed in Terminal -> Expert Automatically exits after indicator is introduced

If the file does not appear after installation,pleasego to Terminal > Expert andconfirm that the error message " ~ zero divede in ~"is displayed.

The cause of this error is that the data for one of the 28 currency pairs has not been updated.

Please follow the steps below to update the data for each currency.

1，SelectTools >HistoryCenter fromthe top of MT4. 2、Update the data for each of the 28 currency pairs in the History Center. Please make sure to update the data for all 28 currency pairs with the same time frame at ⚠️. Please update the data only for the time leg for which you wish to display the currency strength/weakness. ⚠️

The product cannot be returned or refunded due to the nature of the product being electronic data. In the event of file corruption or other defects, the product will be delivered again.

Copyrights] Reproduction, duplication, resale, transfer, or any other infringement of copyrights is strictly prohibited for paid products. Free products may be used freely within the scope of no commercial purpose using this product and no money transfer by resale, etc. If any violation of the above is discovered, we will take appropriate action for any reason.

This product does not encourage trading and does not guarantee profits . Due to the nature of FX margin trading, losses in excess of margin may occur in the event of a sudden change in the market. We are not responsible for any damage or loss caused by the use of this product. Final investment decisions should be made by yourself.

Clear understanding of rising currencies: Currency Strength Indicator