The Currency Power Meter Infinity indicator for MT4 is an innovative trading utility that provides buy and sell signals based on currency strength.
The indicator appears in a separate chart window as multiple currency strength dashboards.
For ease of use, it displays buy and sell signal arrows in the price chart.
This tool allows you to easily navigate across different time frames using your mouse button.
Understanding its basic trading capabilities
- A blue colored arrow is a buy signal.
- An orange colored arrow is a sell signal.
This technical tool works for scalping, day trading, and swing trading alike.
Key Points
- Tracks currency strength.
- Provides buy and sell suggestions based on currency strength.
- It should work equally well for any trade style of your preference.
- A valuable addition to your collection of trading indicators.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Free Download
Download the “Currency Power Meter Infinity mt4.ex4” MT4 indicator
Trading Chart
The chart presented below illustrates the Currency Power Meter Infinity indicator in action on the EUR/AUD 5-minute time frame.
Basic Trading Signals
The signals from the Currency Power Meter Infinity indicator are easy to understand. Here’s how they work:
BUY:
- A buy signal occurs when the blue colored signal arrow appears on the chart.
- Open a buy trade and place a stop loss below the most recent swing low point.
- Close the buy transaction for a risk-to-reward ratio of at least 1.5, or await a sell arrow.
SELL:
- A sell signal occurs when the orange colored signal arrow appears on the chart.
- Open a sell trade and place a stop loss above the most recent swing high point.
- Close the sell transaction for a risk-to-reward ratio of at least 1.5, or await a buy arrow.
Download Now
Download the “Currency Power Meter Infinity mt4.ex4” MT4 indicator
Currency Strength Strategy with ADX Confirmation
This strategy combines the Currency Power Meter Infinity Indicator with the ADX (Average Directional Index) to identify high-probability trades based on strong vs. weak currency pairs.
The Currency Power Meter shows the relative strength of each currency, while ADX filters out weak trends and confirms valid directional movement.
Best Conditions for the Strategy
- Timeframes: M15, M30, H1
- Pairs: All major and minor currency pairs
- Sessions: London, New York (when volatility and strength imbalances are clearer)
Indicators Used
- Main Indicator: Currency Power Meter Infinity
- Trend Strength Filter: ADX (14-period setting)
Buy Setup
- Identify the strongest currency (e.g., USD) and the weakest (e.g., JPY) using the Currency Power Meter Infinity.
- Open the USD/JPY chart and check if ADX is above 20 or 25 (indicating a trending market).
- If ADX is rising and the +DI line is above -DI, it confirms bullish strength.
- Enter a buy trade when price action supports the trend (e.g., higher highs, pullback to support).
- Set Stop Loss below the recent swing low.
- Take Profit at a predefined resistance zone or use a 1:2 risk-to-reward ratio.
Sell Setup
- Identify the weakest currency (e.g., GBP) and the strongest (e.g., CHF) using the Currency Power Meter Infinity.
- Open the GBP/CHF chart and verify that the ADX is above 20 or 25, with -DI above +DI.
- Confirm that price is trending lower (e.g., lower highs, breakdowns).
- Enter a sell trade once confirmation is met and a pullback provides a good entry.
- Set Stop Loss above the most recent swing high.
- Take Profit at a previous support level or using a 1:2 reward-to-risk target.
Risk & Trade Management
- Risk no more than 1–2% per trade to preserve capital.
- Focus only on currency pairs with the largest power gaps (strongest vs. weakest).
- Use trailing stops to lock in profits as the trend continues.
Final Strategy Thoughts
The Currency Power Meter Infinity is an effective tool to find strong vs. weak currencies in real time.
By adding the ADX to confirm the trend’s strength and direction, traders can avoid range-bound markets and focus only on trades with momentum.
This setup works well for both intraday and swing trading styles.
Configurable Parameters & Settings
Bars range to calculate power, range of bars to draw lines, amplitude, use alerts, use push notification, and alert type.
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair and other trading instruments
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: currency strength
How to install the trading Volume indicator in Metatrader 4?
- Copy and paste the Currency Power Meter Infinity mt4.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
- Restart the trading platform
- Add the indicator to the chart
