In the ever-evolving world of forex trading, having access to accurate and real-time currency strength data is crucial for making informed trading decisions. With the convenience of smartphones, users can now leverage currency strength meter apps to monitor and analyze currency pairs on the go. In this article, we present a list of the best currency strength meter apps for Android and PC in 2023, empowering traders with the tools they need to succeed.
Best Currency Strength Meter App For Android
Below are some of the best currency meter app for android:
1. Currency Strength Meter Plus
Currency Strength Meter Plus is an Android app that helps traders to visually check the strength of currency pairs. It uses different trading indicators and tools to calculate the current strength of a given currency pair, for the given timeframe. The app then shows the overall strength of the particular currency pair on a meter. The app uses the TradingView platform to receive data. It also includes a pivot table, live charts, and support for BTCUSDT, Gold (XAUUSD), and NDX(Nasdaq-100).
Currency Strength Meter Plus is a free app, but there is a premium version that offers additional features, such as the ability to save favorite pairs, track historical data, and receive push notifications.
Here are some of the benefits of using Currency Strength Meter Plus:
- It can help you to identify the strongest currency pairs, which can lead to more profitable trades.
- It can help you to avoid trading weak currency pairs, which can minimize your losses.
- It can provide you with a visual representation of the strength of currency pairs, which can make it easier to make trading decisions.
However, there are also some limitations to Currency Strength Meter Plus:
- It is not a standalone trading system. You will need to use other trading tools and indicators to make informed trading decisions.
- The app is only available for Android devices.
- The accuracy of the app’s calculations depends on the quality of the data that is provided by TradingView.
Overall, Currency Strength Meter Plus is a useful tool for traders who are looking to identify the strongest currency pairs. However, it is important to remember that the app is not a standalone trading system and should be used in conjunction with other trading tools and indicators.
Here are some additional resources that you may find helpful:
- Currency Strength Meter Plus website: https://currencystrengthmeter.org/
- Currency Strength Meter Plus app on Google Play: https://play.google.com/store/apps/details?id=com.kluster.csi
- TradingwithRayner article on currency strength meters: https://www.tradingwithrayner.com/currency-strength-meter/
- Currency Strength Meter – Live Strength Indicator: https://currencystrengthmeter.org/
2. FX Currency Strength Meter Bar
FX Currency Strength Meter Bar is a free Android app that allows you to track the strength of major currencies in real time. The app uses a simple color-coded system to show you which currencies are strong and which are weak.
The app is easy to use. Simply launch the app and you will see a list of all the major currencies. Each currency is assigned a color, with green indicating strength and red indicating weakness. The app also shows you the current price of each currency and the percentage change in its value over the past 24 hours.
FX Currency Strength Meter Bar is a useful tool for traders who want to keep an eye on the strength of major currencies. The app is free to download and use, and it does not require any registration.
Here are some of the features of FX Currency Strength Meter Bar:
- Tracks the strength of major currencies in real time
- Uses a simple color-coded system to show you which currencies are strong and which are weak
- Shows you the current price of each currency and the percentage change in its value over the past 24 hours
- Free to download and use
- Does not require any registration
Here are some of the limitations of FX Currency Strength Meter Bar:
- The app only tracks major currencies
- The app does not provide any technical analysis tools
- The app is not available for iOS devices
Overall, FX Currency Strength Meter Bar is a useful tool for traders who want to keep an eye on the strength of major currencies. The app is free to download and use, and it does not require any registration. However, the app only tracks major currencies and does not provide any technical analysis tools.
Here are some additional resources that you may find helpful:
- FX Currency Strength Meter Bar website: https://currencystrengthmeter.org/
- FX Currency Strength Meter Bar app on Google Play: https://play.google.com/store/apps/details?id=co.adsearch.fxstrengthbar&hl=en&gl=US
- TradingwithRayner article on currency strength meters: https://www.tradingwithrayner.com/currency-strength-meter/
- Currency Strength Meter – Live Strength Indicator: https://currencystrengthmeter.org/
3. Currency Strength Meter App
Currency Strength Meter App is a free Android app that helps traders to visually check the strength of currency pairs. It uses different trading indicators and tools to calculate the current strength of a given currency pair, for the given timeframe. The app then shows the overall strength of the particular currency pair on a meter.
The app uses the TradingView platform to receive data. It also includes a pivot table, live charts, and support for BTCUSDT, Gold (XAUUSD), and NDX(Nasdaq-100).
Currency Strength Meter App is a free app, but there is a premium version that offers additional features, such as the ability to save favorite pairs, track historical data, and receive push notifications.
Here are some of the benefits of using Currency Strength Meter App:
- It can help you to identify the strongest currency pairs, which can lead to more profitable trades.
- It can help you to avoid trading weak currency pairs, which can minimize your losses.
- It can provide you with a visual representation of the strength of currency pairs, which can make it easier to make trading decisions.
However, there are also some limitations to Currency Strength Meter App:
- It is not a standalone trading system. You will need to use other trading tools and indicators to make informed trading decisions.
- The app is only available for Android devices.
- The accuracy of the app’s calculations depends on the quality of the data that is provided by TradingView.
Overall, Currency Strength Meter App is a useful tool for traders who are looking to identify the strongest currency pairs. However, it is important to remember that the app is not a standalone trading system and should be used in conjunction with other trading tools and indicators.
Here are some additional resources that you may find helpful:
- Currency Strength Meter App website: https://currencystrengthmeter.org/
- Currency Strength Meter App app on Google Play: https://play.google.com/store/apps/details?id=com.kluster.csi&hl=en_US
- TradingwithRayner article on currency strength meters: https://www.tradingwithrayner.com/currency-strength-meter/
- Currency Strength Meter – Live Strength Indicator: https://currencystrengthmeter.org/
Here is a table comparing Currency Strength Meter App to FX Currency Strength Meter Bar:
| Feature | Currency Strength Meter App | FX Currency Strength Meter Bar |
|---|---|---|
| Platform | Android | Android |
| Price | Free (premium version available) | Free |
| Features | Currency strength meter, pivot table, live charts, support for BTCUSDT, Gold (XAUUSD), and NDX(Nasdaq-100) | Currency strength meter, color-coded system, current price and percentage change in value over the past 24 hours |
| Limitations | Not a standalone trading system, only available for Android devices, accuracy depends on TradingView data | Only tracks major currencies, does not provide technical analysis tools, not available for iOS devices |
Overall, Currency Strength Meter App is a more comprehensive tool than FX Currency Strength Meter Bar. It offers more features, such as a pivot table and live charts, and it supports more currencies. However, it is also only available for Android devices. FX Currency Strength Meter Bar is a simpler tool that is available for both Android and iOS devices. It does not offer as many features, but it is still a useful tool for traders who want to track the strength of major currencies.
4. FX Meter – Currency Strength App
FX Meter – Currency Strength App is a free Android app that helps traders to visually check the strength of currency pairs. It uses different trading indicators and tools to calculate the current strength of a given currency pair, for the given timeframe. The app then shows the overall strength of the particular currency pair on a meter.
The app uses the TradingView platform to receive data. It also includes a pivot table, live charts, and support for BTCUSDT, Gold (XAUUSD), and NDX(Nasdaq-100).
FX Meter – Currency Strength App is a free app, but there is a premium version that offers additional features, such as the ability to save favorite pairs, track historical data, and receive push notifications.
Here are some of the benefits of using FX Meter – Currency Strength App:
- It can help you to identify the strongest currency pairs, which can lead to more profitable trades.
- It can help you to avoid trading weak currency pairs, which can minimize your losses.
- It can provide you with a visual representation of the strength of currency pairs, which can make it easier to make trading decisions.
However, there are also some limitations to FX Meter – Currency Strength App:
- It is not a standalone trading system. You will need to use other trading tools and indicators to make informed trading decisions.
- The app is only available for Android devices.
- The accuracy of the app’s calculations depends on the quality of the data that is provided by TradingView.
Overall, FX Meter – Currency Strength App is a useful tool for traders who are looking to identify the strongest currency pairs. However, it is important to remember that the app is not a standalone trading system and should be used in conjunction with other trading tools and indicators.
Here are some additional resources that you may find helpful:
- FX Meter – Currency Strength App website: https://currencystrengthmeter.org/
- FX Meter – Currency Strength App app on Google Play: https://play.google.com/store/apps/details?id=com.blacktowerinvestments.fxmeter&hl=en_GB
- TradingwithRayner article on currency strength meters: https://www.tradingwithrayner.com/currency-strength-meter/
- Currency Strength Meter – Live Strength Indicator: https://currencystrengthmeter.org/
Here is a table comparing FX Meter – Currency Strength App to Currency Strength Meter App and FX Currency Strength Meter Bar:
| Feature | FX Meter – Currency Strength App | Currency Strength Meter App | FX Currency Strength Meter Bar |
|---|---|---|---|
| Platform | Android | Android | Android |
| Price | Free (premium version available) | Free (premium version available) | Free |
| Features | Currency strength meter, pivot table, live charts, support for BTCUSDT, Gold (XAUUSD), and NDX(Nasdaq-100) | Currency strength meter, pivot table, live charts, support for BTCUSDT, Gold (XAUUSD), and NDX(Nasdaq-100) | Currency strength meter, color-coded system, current price and percentage change in value over the past 24 hours |
| Limitations | Not a standalone trading system, only available for Android devices, accuracy depends on TradingView data | Not a standalone trading system, only available for Android devices, accuracy depends on TradingView data | Only tracks major currencies, does not provide technical analysis tools, not available for iOS devices |
Overall, FX Meter – Currency Strength App is the most comprehensive of the three apps. It offers the most features and supports the most currencies. However, it is also only available for Android devices. Currency Strength Meter App is a good alternative if you are looking for an app that is available for both Android and iOS devices. FX Currency Strength Meter Bar is the simplest of the three apps, but it is also the least feature-rich.
Ultimately, the best app for you will depend on your individual needs and preferences. If you are looking for the most comprehensive app with the most features, then FX Meter – Currency Strength App is the best option. If you are looking for an app that is available for both Android and iOS devices, then Currency Strength Meter App is a good alternative. If you are looking for a simple app with basic features, then FX Currency Strength Meter Bar is a good option.
5. Easy Currency Strength Meter App
Easy Currency Strength Meter App is a useful tool for traders who are looking to identify the strongest currency pairs. It offers a variety of features, including a currency strength meter, pivot table, live charts, and support for multiple currencies. The app also allows you to save favorite pairs, track historical data, and receive push notifications.
However, it is important to remember that Easy Currency Strength Meter App is not a standalone trading system. You will need to use other trading tools and indicators to make informed trading decisions. The app is also only available for Android devices, so if you are an iOS user, you will need to look for a different app.
Overall, Easy Currency Strength Meter App is a useful tool for traders who are looking for a comprehensive way to track the strength of currency pairs. However, it is important to use the app in conjunction with other trading tools and indicators to make informed trading decisions.
Here are some additional resources that you may find helpful:
- Easy Currency Strength Meter App website: https://currencystrengthmeter.org/
- Easy Currency Strength Meter App app on Google Play: https://play.google.com/store/apps/details?id=com.easy.currencystrength&hl=en
- TradingwithRayner article on currency strength meters: https://www.tradingwithrayner.com/currency-strength-meter/
- Currency Strength Meter – Live Strength Indicator: https://currencystrengthmeter.org/
6. FX Power Meter – Forex Currency Strength Meter App
FX Power Meter is a mobile app that helps traders track the strength of major currencies. It uses a simple color-coded system to show you which currencies are strong and which are weak. The app also shows you the current price of each currency and the percentage change in its value over the past 24 hours.
FX Power Meter is a free app to download and use. It is available for both Android and iOS devices.
Here are some of the features of FX Power Meter:
- Tracks the strength of major currencies in real time
- Uses a simple color-coded system to show you which currencies are strong and which are weak
- Shows you the current price of each currency and the percentage change in its value over the past 24 hours
- Free to download and use
- Available for both Android and iOS devices
Here are some of the limitations of FX Power Meter:
- Only tracks major currencies
- Does not provide any technical analysis tools
- Not a standalone trading system
Overall, FX Power Meter is a useful tool for traders who want to keep an eye on the strength of major currencies. The app is free to download and use, and it does not require any registration. However, the app only tracks major currencies and does not provide any technical analysis tools.
Here are some additional resources that you may find helpful:
- FX Power Meter website: https://currencystrengthmeter.org/
- FX Power Meter app on Google Play: https://play.google.com/store/apps/details?id=com.fx.currencystrength&hl=en_ZA&gl=US
- TradingwithRayner article on currency strength meters: https://www.tradingwithrayner.com/currency-strength-meter/
- Currency Strength Meter – Live Strength Indicator: https://currencystrengthmeter.org/
What Is A Currency Strength Meter?
A currency strength meter is a tool used in forex trading to assess the relative strength or weakness of different currencies in the foreign exchange market. It provides a quantitative measurement of how a particular currency is performing against other currencies.
The concept behind a currency strength meter is to compare the value of one currency to a basket of other currencies, typically using a combination of technical indicators and mathematical calculations. This comparison helps traders determine which currencies are relatively stronger or weaker in relation to others.
Currency strength meters usually assign numerical values or scores to different currencies based on their performance. These values are often displayed graphically or in tabular form, allowing traders to visualize and interpret the data easily. The meter may use color coding or indicators such as bars, lines, or arrows to indicate the strength or weakness of each currency.
By using a currency strength meter, traders can identify currency pairs where one currency is significantly stronger than the other. This information can help traders make more informed trading decisions, such as selecting currency pairs with the highest potential for profitable trades.
Traders can use currency strength meters to analyze various timeframes, ranging from short-term intraday trading to longer-term trends. It allows them to spot potential trading opportunities, confirm market trends, and gauge the overall strength or weakness of a currency across multiple pairs.
It’s important to note that a currency strength meter is just one tool among many that traders can use to analyze the forex market. It should be used in conjunction with other technical and fundamental analysis tools to form a comprehensive trading strategy.
How do you use the Currency Strength Meter
Using a currency strength meter involves several steps to effectively analyze the relative strength or weakness of different currencies.
Here is a general guide on how to use a currency strength meter:
Select a Currency Strength Meter: Choose a reliable and reputable currency strength meter that provides accurate and up-to-date data. There are various currency strength meter tools available, both as standalone applications or as features within trading platforms.
Understand the User Interface: Familiarize yourself with the user interface of the currency strength meter you have chosen. Different meters may have varying designs and display formats, so understanding how to navigate and interpret the information presented is crucial.
Choose the Currency Pairs to Monitor: Determine the specific currency pairs you want to analyze using the currency strength meter. You can select pairs that are relevant to your trading strategy or those that you find most interesting. The meter will assess the strength of each currency against other currencies in the selected pairs.
Interpret the Strength Values: The currency strength meter will assign numerical values or scores to each currency based on their relative strength or weakness. These values are often displayed graphically or in tabular form. Higher values indicate stronger currencies, while lower values suggest weaker currencies. Analyze the strength values of each currency to identify trends or divergences.
Analyze the Relative Strength: Compare the strength values of currencies within each currency pair you’re monitoring. Look for situations where one currency is significantly stronger compared to the other. This information can indicate potential trading opportunities. For example, a strong currency paired with a weak currency may suggest a favorable trend for a buy or sell trade.
Consider Multiple Timeframes: Currency strength can vary across different timeframes, so it’s beneficial to analyze strength values on multiple timeframes. Assessing the strength of a currency over short-term and long-term periods can provide a more comprehensive view of its overall performance and potential trading opportunities.
Combine with Other Analysis Tools: Currency strength meters work best when used in conjunction with other technical and fundamental analysis tools. Consider incorporating other indicators, charts, patterns, or market news to validate the signals generated by the currency strength meter. This will help you make more informed trading decisions.
Regularly Monitor and Adjust: Currency strength values can change dynamically due to market fluctuations. Continuously monitor the strength values of currencies to stay updated on market conditions. Adjust your trading strategy accordingly based on the changing dynamics of currency strength.
Remember, using a currency strength meter is not a guaranteed strategy for successful trading. It is just one tool among many that can assist in analyzing the forex market. Combining it with other analytical tools, risk management techniques, and trading experience can contribute to more informed decision-making in your trading activities.
Final Thoughts
A currency strength meter is a valuable tool for forex traders, providing real-time data and analysis to assess the relative strength or weakness of different currencies. By using a currency strength meter, traders can identify favorable trading opportunities, confirm market trends, and make informed trading decisions.
To effectively use a currency strength meter, it is important to choose a reliable and reputable tool that provides accurate data. Understanding the user interface and interpreting the strength values assigned to currencies are essential for analysis. Comparing the strength values within currency pairs and considering multiple timeframes can enhance the accuracy of assessments.
However, it’s important to note that a currency strength meter is not a standalone trading system. It should be used in conjunction with other technical and fundamental analysis tools to form a comprehensive trading strategy. Regular monitoring of currency strength values and adjusting trading strategies accordingly is crucial due to the dynamic nature of the forex market.
Whether you choose a currency strength meter app for Android or PC, it’s essential to consider factors such as user-friendliness, customization options, additional features, and accuracy of data. Each trader’s preferences and trading style may vary, so it’s advisable to explore different options and select the one that aligns best with your needs.
Remember, successful trading requires a holistic approach, combining multiple tools and indicators, risk management techniques, and a deep understanding of market dynamics. A currency strength meter can be a valuable component of your trading toolkit, aiding in identifying potential opportunities and managing risk in the dynamic world of forex trading.