This is a list of the 6 best currency strength meter apps for android in 2022.
These currency strength meter apps have helped both new and old forex traders to identify the strength of a currency pair without technical analysis.
The best part?
All of these currency strength meter apps work great in 2022.
And in this guide, you will learn:
- What is a currency strength meter?
- How do you use the currency strength meter?
- Best currency strength meter app for android
1. Currency strength meter plus
2. FX currency strength meter bar
3. Currency strength meter app
4. Easy currency strength meter
5. FX meter – currency strength meter app
6. FX power meter – forex currency strength meter app
What Is A Currency Strength Meter?
The currency strength meter is a graphical indicator that indicates the strong and weak of currency pairs according to the timeframe in the market.
This graphical indicator helps traders to measure the strength of currency pairs by calculating the price movement in the last 24hrs to determine the overall strength of each currency pair.
The currency strength meter enhances trading and helps traders to find a trading opportunity.
Also, it provides traders with information on which pair to trade or which pair to stay away from.
How Do You Use The Currency Strength Meter
Understanding the condition of the markets is crucial before taking trading opportunities.
You need to understand if you are in a trending market or a range market.
And here, the currency strength meter has proven to be a useful trading tool, and it can be used with any trading method when looking for trading opportunities In the market.
For instance, if you are a trend trader, currency strength can help identify the strong or weak currency pair.
And if you ate the type that loves trading the range market, currency strength meters can also be used to identify ranges for currency pairs.
Traders can utilize the currency strength information with other technical analyses for a trade setup.
Best Currency Strength Meter App For Android
Below are some of the best currency meter app for android:
Currency Strength Meter Plus
Currency strength meter plus is an Android currency strength meter app that analyses the relative strength of any currency pair visually.
You can visually check currency pair strength using this app.
It will calculate the current strength of a given currency pair, for the given timeframe, using different trading indicators and tools such as Moving Averages, Oscillators, etc.
Then it will show you the overall strength of the particular currency pair on a meter.
They also use tradingview platforms to receive data.
Currency Strength Meter Plus Features
- Favorite tab on top for easy access.
- Fast and Smooth.
- Auto Refreshing every 10 seconds.
- Pivots table.
- Live charts.
- BTCUSDT, Gold (XAUUSD), and NDX(Nasdaq-100) are also included.
FX Currency Strength Meter Bar
Forex currency strength meter bar is an android currency strength meter app that helps traders match the strongest and weakest currency pair in daily, 4hr, 1hr, 30-minute, and 15-minute time frames.
How To Use FX Currency Strength Meter Bar
- Identify the HIGHEST currency (appreciate).
- Identify the LOWEST currency (depreciate).
- Match those two currencies.
Currency Strength Meter App
The currency strength meter app is a simple currency strength meter app which use to check currency pair strength for different timeframes
This is a simple app where you can check currency pair strength for different timeframes using the TradingView Currency Strength Meter widget.
All the major currency pairs are included, and all you have to do is select the currency pair, select the time frame and real-Time currency live rate and currency charts without any tools, and 4 types of support & resistance Levels
The app contains :
- Currency Strength Meter.
- Currency 4 Type Support & Resistance Levels.
- Classic Pivot.
- Fibonacci Pivot.
- Camarilla Levels.
- Woodie’s Levels.
FX Meter – Currency Strength App
FX meter – currency strength app is a simple currency strength meter app that based currencies strength on human analysis.
In the Urban Forex FX Meter currency strength app you will get an overview that is updated every business day on:
- A free course for forex traders on how to use the FX Meter.
- Two-time frames for all major currencies: USD, CHF, EUR, JPY, GBP, AUD, CAD, NZD.
- Current strength/weakness of the 8 major currencies.
- Changes since yesterday.
- How does the current and yesterday’s strength/weakness of each currency relate to the other currencies (e.g. weaker, stronger, equal)?
- An overview of the trend in strength/weakness of a currency, with historical data that dates back as far as January 2014.
It is an essential tool in forex trading for beginners.
Easy Currency Strength Meter App
The easy currency strength meter app is an android app that measures the relative strength of major currencies and displays them on an easy-to-read dashboard interface.
A forex trader needs to know the relative value of each currency to decide the most suitable pairs to trade.
For instance, if a certain currency is very strong compared to another currency, this may indicate a good trading opportunity.
The deviation in strength between two currencies usually indicates momentum.
Conversely, if a pair of currencies have similar strength, this is likely to mean a range or sideways movement is currently happening and thus it may not be a good time to trade the pair.
Easy Currency Strength Meter App Key Features
- Advanced Currency Strength Analysis system.
- A Dashboard view to give you a summary of the weakest and strongest currency for each timeframe (M5, M15, M30, H1, H4, D1, W1, MN1).
Tap on the timeframe of your interest to view the relative strength of major currencies in that timeframe.
- Quick access to Forex Factory’s economic calendar to be aware of major events ahead.
- Have a good appreciation of the currency market without the need to check the performance of all currency pairs to do so.
FX Power Meter – Forex Currency Strength Meter App
FX power meter is an android forex currency strength meter app that helps to keep traders up-to-date with changes in the strong dynamic of the forex market covering the most important currencies.
Launch the app and be immediately aware of the current market situation with a single glance of the currency strength meter app.
Strength Ranking Of Major Currencies
The currency strength meter application is an efficiency confirmation tool that you can’t afford to miss.
Their forex strength app helps you to real-time analyze the currency strength, weakness, and correlation of eight major currencies; USD, EUR, CAD, GBP, CHF, JPY, AUD, and NZD.
Easy Sensing Currency Trends
Many traders monitor the markets by scrolling through various charts in their trading platform and take a while to analyze and understand them.
Their currency heatmap strength offers a bird-eye view of the direction and correlation of 8 major currency pairs with a glance.
Help You To Make A Proper Forex Trading Decision
For any trading strategy you follow, you will need to be aware of price development and changes for a given period.
The currency strength meter app can be the vital final piece of the puzzle, powering up your fx trading decision and supporting your accuracy strategy.
Real-Time Currency Strength
When most traders identify a trading opportunity, they usually look at a currency pair in isolation.
For example, if a trader goes long on EUR/USD, they often just conclude that the EURO will appreciate against the USD but do not consider the bigger picture of EURO strengthening in general.
Their forex currency strength meter app allows you to monitor the real-time strength of eight major currencies to help confirm trade setups.
Historical Currency Strength In Multiple Timeframes
The currency strength meter indicator enables you to observe how the market strength dynamic changes over different periods and keep tracking historical data of the most significant currencies.
You can conveniently customize the timeframe setting to fit your fx trading strategy.
Whether you are scalping, swing trading, or day trading, you can seek validation of your fx trading signals and fine-tune the accuracy of your trading strategy.
Notification Strength And Weakness
Receive instant notifications when the strength and weaknesses of certain currencies change.
Alerts can be a vital tool to assist with timing when to enter and exit positions at the right time.
Your alerts can be configured for specific currencies and preferred fx timeframes.
All of these features are crucial and can be too good to ignore.
There you have the 6 best currency strength meter apps in 2022.
In forex trading, understanding the strength of a currency pair is crucial, and with the help of the currency strength meter app, you are covered.
These are essential trading apps for beginner and intermediate traders.
The currency strength meter helps traders to easily identify a strong and weak currency pair, and knowing this will surely help when you make good trading decisions.