Currency trading is a highly competitive market that requires a keen eye for detail and a deep understanding of market dynamics. One key tool that traders use to gain an advantage in this space is the currency strength meter. This tool provides a snapshot of the relative strength of different currencies, giving traders valuable insights into the best times to buy and sell. In this article, we will explore the features and benefits of the best currency strength meter app for Android.
The app provides real-time data on currency strength, allowing traders to make informed decisions on the go. With a user-friendly interface and customizable settings, the app is easy to use and tailored to the needs of individual traders. The app’s accuracy and reliability have made it a popular choice among both novice and experienced traders who are looking for a competitive edge in the currency trading market.
One of the key features of the app is its ability to display currency strength data in the form of charts and graphs.
We have compiled a list of 7 Best Currency Strength Meter App For Android for your consideration, which have undergone rigorous testing and evaluation by our team of experts.
Table of Contents
7 Best Currency Strength Meter App For Android
1. Currency Strength Meter – Lite
The TradingView Currency Strength Meter widget is a user-friendly app that allows users to check currency pair strength for different timeframes. The app includes all major currency pairs and users can simply select the currency pair, select the time frame and hit Go to receive the desired information.
However, some users who have made a donation may still experience ads appearing on the app. This may be due to a lack of media/storage permission being granted. Users can rectify this issue by going to settings, selecting Application Manager, then Currency Strength Meter and clearing data. Once this is done, users can open the app and grant media/storage permission.
After granting permission, users should follow a few simple steps to ensure that the donation key is correctly applied. They should click the Make a donation button again, then click the Apply/Restore button, which will automatically apply the key. Finally, users should restart the app to complete the process.
2. Currency Strength Meter – Extended Version
Currency Strength Meter v3.0 is an application that allows users to visually determine the strength of a currency pair. By utilizing various trading indicators and tools, such as Moving Averages and Oscillators, the app calculates the current strength of a specific currency pair for a given timeframe. The overall strength of the currency pair is then displayed on a meter for ease of reference.
The app sources its data through the tradingview platform. The app has the capability of displaying up to six meter windows, which provides users with more comprehensive data. The app’s display is detailed and provides users with fast and smooth navigation. Additionally, refreshing the data and navigating through the app is easy for the user.
3. CurrencyHeatwav Forex strength
Currency Heatwave is a forex trading app that caters to traders using MT4 Metatrader 4 FX tools. The app simplifies complex parameters into a graphical format and heat map to aid in quick decision making on currency buying and selling. The app has five screens covering currency strength, volume, volatility, and sentiment.
The home screen of the app presents the currency strength meter in a pie chart format, showing currency strength and weakness in one glance. The strongest and weakest currencies are denoted by green and red arrows, respectively.
The strength screen shows the strength and weakness of currencies in a meter format. The extreme green represents maximum strength, while the extreme red represents maximum weakness.
The volume screen displays the highest to lowest volume of currencies in cylindrical volume format. The green arrow indicates the highest volume from the lot, while the red arrow denotes the least volume.
The volatility screen presents the highest and lowest volatility of currencies in a Yo-Yo format. The green and red arrows indicate the highest and lowest volume from the lot, respectively.
The sentiment screen shows the bullish and bearish sentiment for a particular currency at a specific moment. Bullish sentiment greater than 50% indicates upward acceleration bias, while bearish sentiment greater than 50% indicates downward acceleration bias. The app is available for free download.
4. Forex Strength Meter
The Currency Strength Meter is an app designed to assist Forex traders in improving their trading by measuring currency strength. It features a fast and accurate currency strength data feed, bar charting, line charting, currency strength alerts, multiple time-frames, and more. The app is available as a premium version but is currently offering a 5-day free trial. During the free trial period, users have access to the full version of the app with no ads or limitations. Users can cancel the trial at any time from their Google Play account.
The Currency Strength Meter measures the price correlation between various Forex pairs and reports the strength of the 8 currencies (USD, JPY, EUR, GBP, AUD, NZD, CHF & CAD) on a scale of 0 to 10. The data provides traders with insights into the forces at play causing a move on a particular Forex pair. For example, if GBP/USD trends upwards following an economic news announcement, the currency strength values immediately indicate whether the move was due to generalized GBP strength or USD weakness.
5. FX Currency Strength Meter Bar
This tool allows users to identify the highest appreciating currency and the lowest depreciating currency, and then match those two currencies. It should be noted that there may be ads present on the website.
6. Forex Currency Strength Meter
The Daily, Weekly, 4-Hour, and 8-Hour Currency Strength Meter is a tool used to identify the highest and lowest performing currencies for a given time period. To use the tool, the user must identify the currency that has appreciated the most and the currency that has depreciated the most, and then match those two currencies. The data on the meter is delayed by one minute, providing up-to-date information for the user. To improve readability, it is recommended to break each paragraph after every three lines of text.
7. FX Meter – Currency Strength Meter
The Urban Forex FX Meter currency strength app provides a variety of updated information every business day. The app includes a free course on how to use the FX Meter for forex traders. Users can view the current strength and weakness of the USD, CHF, EUR, JPY, GBP, AUD, CAD, and NZD in two different time frames. The app also displays changes in strength/weakness since the previous day. Additionally, users can view how the current and previous day’s strength/weakness of each currency relates to the other currencies. The app offers an overview of the trend in strength/weakness of a currency, including historical data dating back to January 2014. This app is a valuable tool for beginners in forex trading.