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currency strength meter

  • #1
  • First Post: Sep 18, 2011 5:39am Sep 18, 2011 5:39am
Hello,

Does someone use currency strenght meter? If yes, how exactly do you use it?

thanks
  • #2
  • Jun 27, 2015 7:16pm Jun 27, 2015 7:16pm
Quoting petertrader
Hello, Does someone use currency strength meter? If yes, how exactly do you use it? thanks
WOW, such a simple question no one can answer you for so long; see the chart

Attached Image (click to enlarge)
Click to Enlarge Name: 28-06-2015 10-10-02 AM.png Size: 111 KB
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  • #3
  • Jun 27, 2015 7:40pm Jun 27, 2015 7:40pm
Im 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.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 38 KB
Attached File(s)
File Type: ex4 ForexProfitSupreme Meter.ex4   54 KB | 5,702 downloads
  • #4
  • Jun 27, 2015 9:47pm Jun 27, 2015 9:47pm
Quoting jegas
Im 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}
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..
thanks
  • #5
  • Jun 28, 2015 4:27am Jun 28, 2015 4:27am
Quoting bobbyspider
{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.. thanks
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
Attached Image (click to enlarge)
Click to Enlarge Name: 28-06-2015 7-12-29 PM.png Size: 372 KB
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  • #6
  • Jun 28, 2015 9:01am Jun 28, 2015 9:01am
Quoting Erebus
{quote} WOW, such a simple question no one can answer you for so long; see the chart {image}
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.
  • #7
  • Jun 28, 2015 6:55pm Jun 28, 2015 6:55pm
Quoting mario777
{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.
Yes, good point, but I doubt if you can find any post here on FF where anybody suggests to use this as an ENTRY trigger ???

On the chart posted please note these things are happening, at London Open marked by "X"

1. Below 34 EMA trend channel, below the 89 EMA

2. Below today's open

3. Below yesterday's low

4. Below Daily Pivot Point

5. Breaking the opening range indicator orange line

So, I don't recall the position of those 2 currency at London Open but by then, I'm sure they would be moving to the respective strong & weak place.

Use CSM as a guide to find the pairs to trade, and then to hold the trade after entry, that's all

It is a tool for me, not so much an indicator, hope that helps.
Attached Image (click to enlarge)
Click to Enlarge Name: 28-06-2015 10-10-02 AM.png Size: 111 KB
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  • #8
  • Jun 29, 2015 12:30am Jun 29, 2015 12:30am
For 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
Attached Image (click to enlarge)
Click to Enlarge Name: 29-06-2015 3-24-36 PM.png Size: 377 KB
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  • #9
  • Jun 30, 2015 7:22am Jun 30, 2015 7:22am
heyy guys,
rohit here, have been trading from quite some time.. while going through this forum.. i came across this thread and currency strength meter.. looking forward to have gain some knowledge about this concept..
  • #10
  • Nov 8, 2015 2:20am Nov 8, 2015 2:20am
Quoting jegas
Im 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}
ok
http://www.gps512.com/?hezhigang6
  • #11
  • Dec 18, 2015 6:53am Dec 18, 2015 6:53am
Yes, this is the common issue CMS lags, most of the move is over before the indicators show it.

Quoting mario777
{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.
  • #12
  • Jan 5, 2016 5:35am Jan 5, 2016 5:35am
Quoting Erebus
For 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}
Erebus,

Thanks for the screen shot, can you post the indicator mentioned in the screen shot.
Thanks in advance.

Regards,
  • #13
  • Aug 18, 2018 5:59pm Aug 18, 2018 5:59pm
I don't know much about CSMs,

this was on mql4.
Attached File(s)
File Type: mq4 Currency Strength Meter.mq4   9 KB | 3,109 downloads
Fuck that bitch Tammy!
  • #14
  • Jan 6, 2019 12:04am Jan 6, 2019 12:04am
Quoting jegas
Im 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}



hello, I have to download your currency meter file, but I'd like to know how to install it please
  • #15
  • Apr 27, 2020 5:24am Apr 27, 2020 5:24am
Quoting jegas
Im 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}
hi, may i know this indicator is on what time frame?
  • #16
  • Jul 1, 2020 3:03am Jul 1, 2020 3:03am
Quoting Erebus
{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}
Could you tell me the name of this number 4 indicator.
  • #17
  • Jan 5, 2021 5:29am Jan 5, 2021 5:29am
have anyone try www.currencyheatwavex.com ?
  • #18
  • Jan 5, 2021 6:28am Jan 5, 2021 6:28am
Quoting bobote
{quote} hello, I have to download your currency meter file, but I'd like to know how to install it please
Put it in the indicators folder. Close Mt4, reopen and it will be there. Otherwise open with meta editor and recompile saving it to the indicators folder.
  • #19
  • Jan 5, 2021 6:34am Jan 5, 2021 6:34am
I have tried several ideas using the difference between points on a moving average as a percentage, same but dividing by atr to get real move. But they are all subject to delay and inaccuracies because finding the right period is impossible because trends aren't uniform. Also some pairs are very much more volatile than others. Anyone with an idea I will, if I can, program it for free because this is my "grail" at the moment. I am going to change from Forex in the near future because its to random at present.
  • #20
  • Jan 5, 2021 1:17pm Jan 5, 2021 1:17pm
Quoting siewhf
have anyone try XXXXXXXXXXXXXXX?
As that is a PAID product, I wouldn't be posting any links

It takes a lot for me to IGNORE you, but you can try.
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