Updated Currency Strength Supreme Indicator is a trading system designed for intraday trading. The peculiarity of this intraday Forex strategy is that it was created by the authors for beginners and does not require any serious skills.

Currency Strength Supreme Indicator which is in the left corner of the graph and is used in the strategy for monitoring the current situation on the market for currency pairs. The number next to a pair of stands for the force of its movement is currently and direction.

To the right is a column with the currencies where you can see the most actively traded currencies and depending on it to consider them in selecting a tool for trade.

Updated Currency Strength Supreme Indicator

Characteristics of Updated Currency Strength Supreme Indicator

Platform: Metatrader4

Currency pairs: Major

Trading Time: Intraday

Timeframe: M15 and higher

Trading Rules of Updated Currency Strength Supreme Indicator

Buying

  • Forex pair should be up trending.
  • RSI candles indicator from blue bars.
  • Forex Profit Supreme signal indicator should form a blue arrow pointing upward.
  • Forex Profit Supreme Filter indicator should form blue bars.
  • Forex Profit Supreme Dline indicator should be green.
  • Place your long position when the above parameters are met.
  • Keep your stop loss below the recent swing low.
  • Take your profit when Forex Profit Supreme Signal indicator forms a red arrow pointing downward.

Selling

  • Forex pair should be down trending.
  • RSI candles indicator form red bars.
  • Forex Profit Supreme signal indicator should form a red arrow pointing downward.
  • Forex Profit Supreme Filter indicator should form red bars.
  • Forex Profit Supreme Dline indicator should be red.
  • Place your short position when the above parameters are met.
  • Keep your stop loss above the recent swing high.
  • Take your profit when Forex Profit Supreme Signal indicator forms a blue arrow pointing upward.

How to install a custom indicator to your MetaTrader 4 platform

1. Locate and copy the MT4 custom indicator file on your computer. These are the MT4 indicator files that you would have downloaded.

2. Open the data folder.

3. Open MQL4 file.

4. Open the indicators folder.

5. Paste the files.

6. Restart MetaTrader 4.

All is Done!

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