I have studied technical analysis in Forex Trading for months, as you
know that there is no perfect technical indicator that give you winning
as 100%. So recently i move on to the fundamental analysis. Although I
will discuss about fundamental analysis but I would like to share about
indicator that can be used to analyze market movement. This indicator is
free and i get it from http://www.currencynewstrading.com . Here is the
detail about indicator :
Let me take this opportunity to explain what Currency Strength Meter (CSM)
is and how to take advantage of this amazing little tool, because once
you start using it, you won’t take another trade without it! Here’s a
brief description of CSM: a standalone program that calculates over 30+
currency pairs in real time and displays an at-a-glance view of the
strengths and weaknesses of all major currencies, namely the USD, EUR,
GBP, CHF, AUD, JPY, and NZD. The Strength readings vary from 0.0 to 9.0,
with 0.0 being the weakest and 9.0 being the strongest (CSM 3.0.6 pictured below).
The color code used in the meter is pretty self-explanatory, with:
BLUE as weak (0.0 ~ 2.0)
YELLOW as normal (2.1 ~ 5.0)
ORANGE as strong (5.1 ~ 7.0)
RED as critical (7.1 ~ 9.0).
don't intended to promote this software but I just to share with you
guys, to know more detail about this software you can visit the website,
I hope you are willing to share with me in this forum by giving comment
This is not related to Metatrader 5 sorry ...
It may be good software ... but not related
We are having one thread only for non-related discussion - this one.
So, I have to delete your thread.