Best Currency Strength Meter and why? | Page 19 | Forex Factory

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Best Currency Strength Meter and why?

  • #361
  • May 14, 2021 8:47am May 14, 2021 8:47am
Quoting Justin2
{quote} Usd was weak weak today london session {image}
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  • #362
  • May 15, 2021 10:22am May 15, 2021 10:22am
Quoting Erebus
{quote} Good to read that Hanover, can never have too many CSM if you ask me {image} {file}
Thank you for sharing.
  • #363
  • May 16, 2021 4:58am May 16, 2021 4:58am
Any idea of how using CMS?
I am using it in H1 timeframe, not so great but tweak it in my own way, quite helpful
Need some deep down studies in it
Nothing to learn here
  • #364
  • May 16, 2021 11:39pm May 16, 2021 11:39pm
Quoting NoobM
Any idea of how using CMS? I am using it in H1 timeframe, not so great but tweak it in my own way, quite helpful Need some deep down studies in it
1. Look at CSM

2. Look at price action on the chart

3. Trade



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MAY THE TREND BE WITH YOU
  • #365
  • May 17, 2021 1:15am May 17, 2021 1:15am
Quoting NoobM
Any idea of how using CMS? I am using it in H1 timeframe, not so great but tweak it in my own way, quite helpful Need some deep down studies in it

you don't need that CMS
that's just nonsense
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  • #366
  • May 17, 2021 7:50am May 17, 2021 7:50am
Quoting kette
{quote} you don't need that CMS that's just nonsense {image}
Yes, i suppose youre right
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Nothing to learn here
  • #367
  • May 17, 2021 8:08am May 17, 2021 8:08am
Quoting NoobM
{quote} Yes, i suppose youre right {image}

that's exactly how you do it right
  • #368
  • May 18, 2021 2:23am May 18, 2021 2:23am
The output of a CSM is just an oscillator, that like all oscillators has the problem of OB OS, in fact you cannot know if a currency in overbought will continue to go up or if it will reverse.
  • #369
  • May 19, 2021 12:07pm May 19, 2021 12:07pm
Can anybody send me TCE and Currency strength indicators from Prinaha profits.
1. TCE
2. Currency Strength Indicator
3. Position Size Calculator
4. Spread Logger

it will really help.
  • #370
  • May 19, 2021 4:28pm May 19, 2021 4:28pm
Quoting Satinder
Can anybody send me TCE and Currency strength indicators from Prinaha profits. 1. TCE 2. Currency Strength Indicator 3. Position Size Calculator 4. Spread Logger it will really help.
Welcome to FF

1. What is TCE?
2. What is Prinaha?
3. What is Spread Logger?
4. Who will it help?

Did you try http://www.mql5.com?

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MAY THE TREND BE WITH YOU
  • #371
  • May 20, 2021 5:35am May 20, 2021 5:35am
Quoting Satinder
Can anybody send me TCE and Currency strength indicators from Prinaha profits. 1. TCE 2. Currency Strength Indicator 3. Position Size Calculator 4. Spread Logger it will really help.
indicators from Prinaha profits are proprietary.
the only way is to buy their courses.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #372
  • May 20, 2021 1:49pm May 20, 2021 1:49pm
showing CHF stronger then USD WEAK
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  • #373
  • May 20, 2021 2:53pm May 20, 2021 2:53pm
Quoting Justin2
showing CHF stronger then USD WEAK {image}

my correlation
with ccfp
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  • #374
  • May 23, 2021 1:46am May 23, 2021 1:46am
Quoting TooSlow
{quote} ADVANCED ALIEN CIVILIZATION COPYRIGHTED CODE is not to be shared.
Oh come on, every indicator has that in it and no one is complaining except you

well, you and TRO

who made you the sheriff of the internet?

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MAY THE TREND BE WITH YOU
  • #375
  • May 23, 2021 6:51am May 23, 2021 6:51am
Quoting Erebus
{quote} Oh come on, every indicator has that in it and no one is complaining except you well, you and TRO who made you the sheriff of the internet? {image}
yep 99% of indicators are just moving averages.
  • #376
  • May 24, 2021 2:24am May 24, 2021 2:24am
Quoting Justin2
showing CHF stronger then USD WEAK {image}
But how do you know if this current moment is the exact end of the weakness...that's the point in trading.
  • #377
  • May 24, 2021 2:31am May 24, 2021 2:31am
Quoting here2there
{quote} The idea is to look for strength on a higher time frame, and then drop down one time frame lower for an entry in favor of currency strength. For example, if the Daily shows bearish strength, then drop down to the 4HR and look for an opportunity to go short. Personally, I prefer to look for strength on the weekly, and then for a signal in favor of weekly strength on the Daily, and then an entry on the 4HR. I also prefer to trade with the trend. Here's a good place to go to measure strength: https://currencyquake.com/
But what if the Higher timeframe trend signal is wrong? And if it is right why not trade the entire period (of higher timeframe) catching a bigger movement instead of losing time with lower and less profitable timeframes? But the signal it's not right...
  • #378
  • May 24, 2021 5:12am May 24, 2021 5:12am
Any method using CMS still very subjective, its not like we could exploit some edge in this shitty indicator.
Nothing to learn here
  • #379
  • May 24, 2021 7:00am May 24, 2021 7:00am
Quoting jo24
{quote} But how do you know if this current moment is the exact end of the weakness...that's the point in trading.
Why do we use a currency strength?
My view is to recognize the fastest moving pairs in the live market.
Then we have to after decide from our analysis whether it is suitable to trade or not
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  • #380
  • Edited 8:05am May 24, 2021 7:36am | Edited 8:05am
Quoting jo24
{quote} But what if the Higher timeframe trend signal is wrong? And if it is right why not trade the entire period (of higher timeframe) catching a bigger movement instead of losing time with lower and less profitable timeframes? But the signal it's not right...
I have no time to argue with people on FF. I have spent a great deal of time doing research and learning this stuff. I don't use stuff that doesn't work. Feel free to trade as you wish.
Learn from your mistakes and march on.
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