Currency Strength Meter – Trader's Guide
A guide to help Forex traders find the best currency strength indicator for their trading needs
Currency Strength Meter – Trader's Guide
A guide to help Forex traders find the best currency strength indicator for their trading needs
Currency Strength Meter - Comparison
The table below compares the various features of several currency strength meters that we have used. Important features to note include refresh rate, currencies and timeframes supported, and whether a dedicated (built-in) currency strength data feed is used.
| Accustrength | Forex Strength Meter Desktop version | Forex Strength Meter iPhone version | Fx4Caster | |
|---|---|---|---|---|
| Price (USD) | $129.95 (90 day) | $19.95 (1 month) $49.95 (3 month) $119.95 (12 month) | $9.99 | $88.00 |
| Subscription | YES | YES | NO (lifetime) | NO (lifetime) |
| Free Trial | NO | YES 7-Day Free Trial | NO | NO |
| Platform | Windows | Windows & Mac OSX | iOS iPhone & iPad | Windows |
| First Release | 2008 | 2017 | 2012 | 2011 |
| Current Version | 2.2 | 1.2.7 | 4.93 | 2.44 |
| Review | Review | Review | Review | |
| Built-In Data Feed | YES | YES | YES | NO* *Uses data from an MT4 trading terminal |
| Refresh Rate | 3 to 4 seconds | 0.4 to 0.5 seconds | 1.5 seconds (0.7 seconds with Data Booster Pack option) | 2 to 3 seconds |
| Currency Strength Algorithm Accuracy | 5/5 | 5/5 | 5/5 | 4/5* *Accuracy depends on the quality of the MT4 broker's data feed |
| Data Latency | 4/5 | 5/5 | 5/5 | 4/5 |
| Currencies Supported | 10 | 8 | 8 | 8 |
| Time-Frames | 8 | 6 | 4 (Standard) or 6 (Data Booster Pack) | - |
| Highest Time Frame | 2 weekly (W2) | Monthly (M1) | Monthly (M1) | - |
| Lowest Time Frame | 1-Hourly (H1) | 15-Minute (M15) | 4-hourly (Standard) or 15 minute (Data Booster Pack) | - |
| Heat Map Data Table | NO | YES | NO | NO |
| Average Currency Strength | NO | YES | NO | NO |
| Bar Chart Display | NO | YES | YES | NO |
| High-Low Highlighting | NO | YES | YES | NO |
| Line Chart Display | YES | YES | YES | YES |
| Custom Chart Trendlines | YES | NO | NO | NO |
| Chart Zoom | NO | YES | Tap and Zoom | NO |
| Adjustable Time-Zone | NO | YES | YES | NO |
| Alarm Feature | YES | YES | NO | YES |
| History Lookback Viewer | YES | Scrollable | YES | NO |
| Color Customization | Extensive | Extensive | 4 color themes | NO |
| Custom Grid-Lines | NO | YES | YES | NO |
| Run Multiple Copies Simultaneously | NO | NO, but unlimited charts at once | YES | YES |
| Support | Contact support from within App | |||
| Instructions | ebook | Built in User Guide | Built in User Guide | ebook |
| Video Tutorial Library | YES | NO | NO | YES |
| Free Trial | NO | YES | NO | NO |
| Refund Period | 7 days | 7 day (Free Trial Period) | As Per iTunes Store | 60 days |
| Future Updates | Free | Free | Free | Free |
| Optional Extras | N/A | N/A | Data Booster Pack for scalping style trading $4.99 for 30 day | N/A |