![]() EUR/USD Classic Chartīut what if you want the absolute strength of a currency? The is what a Currency Strength Lines indicator is for.Ī Currency Strength Indicator (or Meter) is a tool that tries to express the absolute strength of a currency, so that you can compare this strength with the strength of other currencies. ![]() This means that with 1 EUR you can buy 1.0638 USD. We express the value of EUR relatively to USD, 1.0638. We call it an exchange rate.įor example, see the EUR/USD currency pair. To understand what a currency strength lines indicator for MetaTrader is, you should know that the value of a currency is always expressed in relation to another currency or commodity. Below, you will find more information about Currency Strength Lines indicator for MetaTrader.Ĭurrency Strength Lines indicator for MT4 and MT5 is a powerful tool that can evaluate the strength of a currency and generate trading signals in your MetaTrader platform.
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