Best Currency Strength Meter and why? | Page 13 | Forex Factory

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Best Currency Strength Meter and why?

  • #241
  • Sep 7, 2020 8:23am Sep 7, 2020 8:23am
Quoting DanushkaAsir
How is this strength {image}
hello dear,

can you please tell which indi is this ?

thanks & regards
  • #242
  • Sep 7, 2020 7:56pm Sep 7, 2020 7:56pm
Hi,

Its the currency Strength Meter the exact one in the attachment/ link below. Its from Piranhprofits. If you have it and i can get it from you i would greatly appreciate that. I've been searching all over for it.

https://image.slidesharecdn.com/adam...?cb=1565798098
  • #243
  • Edited 10:34pm Sep 7, 2020 10:21pm | Edited 10:34pm
Quoting Atiba
Hi, Its the currency Strength Meter the exact one in the attachment/ link below. Its from Piranhprofits. If you have it and i can get it from you i would greatly appreciate that. I've been searching all over for it. https://image.slidesharecdn.com/adam...?cb=1565798098
that one they make sure that you have to pay.
what's the big difference with this available in FF?
all sorted currencies and pairs.
Top - strong weak currencies in the time frame you choose.
Below - strong weak pairs you wish to monitor.

BUT more importantly, one needs to have enough experience to know whether to sell or not, or when to sell.
and that takes time and patience to acquire.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-09-08 11_31_30-Window.png Size: 24 KB
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #244
  • Sep 9, 2020 4:20pm Sep 9, 2020 4:20pm
Hey

Good indicator, but the strategies that I am practicing uses the exact indicator attached to my previous message. I used other currency strength meter even alongside each other and they give contradicting information. so some indicators are more accurate than others I guess. The indicator you have in your reply doesn't have 1H 4h and a Day indication of the currency strength?
  • #245
  • Sep 9, 2020 10:21pm Sep 9, 2020 10:21pm
Quoting Inthebox
{quote} that one they make sure that you have to pay. what's the big difference with this available in FF? all sorted currencies and pairs. Top - strong weak currencies in the time frame you choose. Below - strong weak pairs you wish to monitor. BUT more importantly, one needs to have enough experience to know whether to sell or not, or when to sell. and that takes time and patience to acquire. {image} {image}
Hi, could you tell me what name of this indicator? Where can I download it? Thanks!
  • #246
  • Sep 9, 2020 11:28pm Sep 9, 2020 11:28pm
Quoting Ing
{quote} Hi, could you tell me what name of this indicator? Where can I download it? Thanks!
below is the link. expiring and extending every december.
https://www.forexfactory.com/thread/...erage-distance
ITB - Seeing Orderliness amongst 'Randomness'
  • #247
  • Sep 9, 2020 11:38pm Sep 9, 2020 11:38pm
Quoting Atiba
Hey Good indicator, but the strategies that I am practicing uses the exact indicator attached to my previous message. I used other currency strength meter even alongside each other and they give contradicting information. so some indicators are more accurate than others I guess. The indicator you have in your reply doesn't have 1H 4h and a Day indication of the currency strength?
take a look at the link above.
flexible enough that different time frames, ma period, method, price all adjustable according to your own experience.
click on any particular pairs and the charts will appear.
ITB - Seeing Orderliness amongst 'Randomness'
  • #248
  • Sep 10, 2020 12:01am Sep 10, 2020 12:01am
an indicator just indicates that's all.
there is no magic.
the decision at which moment to click the button is up to you.
it does not tell the overall situation surrounding it.
for example an indicator now show it's red for this pair as price is going down, would you sell now?
not for me or those who know support/resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-09-10 00_32_00-Window.png Size: 39 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #249
  • Sep 10, 2020 12:21am Sep 10, 2020 12:21am
sell only when the following happens
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-09-10 00_32_00-Window.png Size: 40 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #250
  • Sep 10, 2020 1:45pm Sep 10, 2020 1:45pm
OK checked out your link, thanks for the information. This indicator looks good and i understand what you're saying with support and resistance. Where can i get this indicator?
  • #251
  • Sep 10, 2020 9:38pm Sep 10, 2020 9:38pm
Quoting Inthebox
{quote} below is the link. expiring and extending every december. https://www.forexfactory.com/thread/...erage-distance
Thanks for sharing!
  • #252
  • Sep 10, 2020 10:33pm Sep 10, 2020 10:33pm
Quoting Atiba
OK checked out your link, thanks for the information. This indicator looks good and i understand what you're saying with support and resistance. Where can i get this indicator?
hand drawn. search FF has many.
ITB - Seeing Orderliness amongst 'Randomness'
  • #253
  • Sep 13, 2020 1:57pm Sep 13, 2020 1:57pm
No the currency meter attached to my message below. Can you send me that currency strength indicator
Attached Images
  • #254
  • Sep 13, 2020 10:22pm Sep 13, 2020 10:22pm
Quoting Atiba
No the currency meter attached to my message below. Can you send me that currency strength indicator {image} {image}
don't understand what you are saying.
just click the first sentence of post #1.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-09-14 00_43_44-GBPLFX,Weekly.png Size: 31 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #255
  • Sep 14, 2020 5:46am Sep 14, 2020 5:46am
The bad thing of this type of indicators is that they don't have entry and exit points.

I modified a currency meter that I found on this forum to make the signal more stable, but you cannot use it to trade the whole day or week, because sometimes you are at the top or at the bottom of the movement and the market in these cases goes in the opposite direction, and the times this happens are many.
It could be used a strategy with entry and exit but it is not useful if the signal of the currency strength is incorrect.

Conclusion: this type of indicators are not useful, but unfortunately very misleading. Also, the author wrote in the first post that he doesn't trade with this indicator (MADdash), and this should be another reason to not use it.
  • #256
  • Sep 14, 2020 9:48am Sep 14, 2020 9:48am
They are a waste of time, often one will be mad strong and one mad weak and then you see the weak one reverse. Also they can make you very biased in bad places.
  • #257
  • Edited 11:21pm Sep 14, 2020 11:03pm | Edited 11:21pm
It's a matter of perspectives and opinions plus experiences, which are a private and individual thing.
I do not want to say anyone is right or wrong here.
When a plane flies pass, a frog in a well does not see it (sometimes it does see it, if the plane flies pass frequent enough),
it does not mean the plane is not there.
MADDASH is just an indicator. It's not a be all and end all thing.
At the very least, it indicates the direction to trade. Do we discard chart reading on entry timing? No.

It tells me that GBP is the weakest currency and I can pair it with AUD or NZD.
Applying it to intraday trading, what are the chances of GBPAUD reachng the bottom 2 green lines?
Be it 10 pips or 50 pips, just try to make 1% out of it.

I will let this matter rests.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-09-14 00_43_44-GBPLFX,Weekly.png Size: 46 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #258
  • Sep 14, 2020 11:44pm Sep 14, 2020 11:44pm
Heat Map.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 HeatMapModokiV1.mq4   8 KB | 1,256 downloads
  • #259
  • Sep 29, 2020 3:54am Sep 29, 2020 3:54am
Hello guys, could any of you tell where is this from? couldn't find it using Google
Attached Image (click to enlarge)
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  • #260
  • Sep 29, 2020 5:29am Sep 29, 2020 5:29am
Hello, what was your search criteria? What were you searching for? You need to give more clues
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