Hello,
Does someone use currency strenght meter? If yes, how exactly do you use it?
thanks
Does someone use currency strenght meter? If yes, how exactly do you use it?
thanks
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DislikedHello, Does someone use currency strength meter? If yes, how exactly do you use it? thanksIgnored
DislikedIm personaly use for my Clients Fund Management for last 6yrs this system ,which is very Reliable & consistently,i have attached the indicator & Screenshot Download & Enjoy it ,Have a Nice Pips. {image} {file}Ignored
Disliked{quote} Also Erebus, do you guys know how the calculations are made as to what currency is showing strength/weakness? how reliable are these strength meters, and do they simply apply to current chart time frame? I use currency slope strength to judge the market, but I have to look at multiple instances to scope out the higher time frames.. thanksIgnored
Disliked{quote} Is CMS is a lagging indicator? On your screenshot AUD and CAD is on the extremes but on the chart is already moved down and currently ranging.Ignored
DislikedIm personaly use for my Clients Fund Management for last 6yrs this system ,which is very Reliable & consistently,i have attached the indicator & Screenshot Download & Enjoy it ,Have a Nice Pips. {image} {file}Ignored
Disliked{quote} Is CMS is a lagging indicator? On your screenshot AUD and CAD is on the extremes but on the chart is already moved down and currently ranging.Ignored
DislikedFor example, now 1 hour before Frankfurt open, AUD is starting to go weak and JPY start to go strong I can open some scout trades at 0.01 and see if they stay alive, go to profit, if so, keep adding on at 0.01 and 0.10 and so on This way, little to no drawdown and quickly move stops to breakeven for no risk, stopped out? no problem {image}Ignored
DislikedIm personaly use for my Clients Fund Management for last 6yrs this system ,which is very Reliable & consistently,i have attached the indicator & Screenshot Download & Enjoy it ,Have a Nice Pips. {image} {file}Ignored
Disliked{quote} No, I don't know the calculation; I do know the concept, most are based on the same I believe, which is pips movement again the pairs it trades with Check this thread for more information http://www.forexfactory.com/showthread.php?t=346227 Some are adjustable for time frame, I use 4H on 2, 3, and 4 in this screen shot because I am trading 15 minutes chart But also good to know the overall daily strength {image}Ignored
Disliked{quote} hello, I have to download your currency meter file, but I'd like to know how to install it pleaseIgnored