A Forex MT4 Currency Strength Meter looks at the 8 common currencies and evaluates the strength/weakness level for each individual major currency, in real time. In simple terms, a Currency Strength Meter helps you find the biggest movers against peers. We always look to pair the weakest currency with the strongest currency so that the. This thread to share and discuss CSM indicator. The 4 on this chart are: 1. Currency Strength - Giraia. Selalu Profit dengan Currency Meter V5. Posted by Toke Dolar on 10:00 AM. Dengan bantuan Currency Meter V5 kita dapat melihat trend hari ini untuk beberapa pair sekaligus, dilengkapi dengan persentase trend yang mungkin dapat dijadikan patokan untuk entry point hari ini. Sekarang sudah terbit Currency Meter V7, namun kita harus membelinya.
The Currency Meter V5.0 MT4 forex indicator lets you spot strong trending currency pairs.
This currency analysis tool is based on moving averages, Laguerre, RSI and the Williams %R indicator.
All technical indicators analyze each currency pair and the Currency Meter V5.0 displays the outcome of all technical analysis combined in one easy to read table.
- A green arrow next to the currency pair indicates the pair is trending up
- A red arrow next to the currency pair indicates the pair is trending down
Which currency pairs to trade?
Trade the strongest trending currency pairs (+100.00 green symbol and -100.00 red symbol).
Free Download
Example Chart
The EUR/USD 1-Hour chart below displays the Currency Meter V5.0 Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Currency Meter V5.0 MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Buy the strongest currency pair(s). The pair(s) must have at least a positive value of +90. Confirm the buy trade with additional technical analysis tools or indicators.
Sell Signal: Sell the strongest currency pair(s). The pair(s) must have at least a negative value of -90. Confirm the sell trade with additional technical analysis tools or indicators.
Trade Exit: Use your own method of trade exit.
Currency Meter V5
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MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (MA1 method, MA2 method, RSI period, William %R period, Laguerre gamma) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
Installation
Copy and paste the currency-meter.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)
Windows PC is still the most popular operating system used by traders. Most currency strength meters run on this platform, either as a stand-alone application, or as an application running within a trading platform e.g. an MT4 Expert Advisor (EA).
Accustrength and Fx4Caster are both standalone applications.
Currency Strength MT4 Expert Advisors (EA’s) are generally free, and are posted on various forex forums. They run on a MT4 trading terminal and display currency strength information on a trading chart.
For those using a Mac OSX computer, Windows applications like Accustrengh and Fx4Caster can be run using a Windows emulator such as Parallels Desktop or VMWare Fusion.
We’re now seeing more trading applications written for mobile devices, as these devices become more powerful and have bigger, better displays.
Many traders now have a mobile device as a permanent part of their trading station setup. It’s also possible to mirror a mobile device’s App display onto your desktop PC using 3rd party software such as AirServer.
This is becoming more of the norm as the gap between desktop and mobile hardware and operating systems narrows.
Currency Meter V5 Free
The Forex Strength Meter is an example of a mobile App. It runs on Apple IOS devices.
Mobile App’s generally don’t have the complexity of their desktop counterparts, but they’re often more convenient to use i.e. faster startup, and easier to navigate with the touch screen.
These websites display currency strength data using web technologies such as flash. They can be accessed by any compatible web-browser.
Currency Meter V5
We’ve tried a few of these websites. Some have impressive looking charts, and a huge range of time-frames. But we’ve found accuracy to be a problem in the ones we’ve tested, and the refresh rate is often slow and the data a bit laggy. Reliability can also be an issue.
Currency Meter V5 Free Download
But, if you trade on longer time-frames, and can find an accurate, reliable currency strength website, then this might be a great free alternative.