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  • Reviews (21)
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Advanced Currency Meter

Every good forex system has the following basic components:

  1. Ability to recognize the trend direction.
  2. Ability to identify the strength of the trend and answer the basic question
    • Is the market trending or is it in a range?
  3. Ability to identify safe entry points that will give a perfect risk to reward (RR) ratio on every position.

You might Have come across different versions of Currency Strength Meter before but this one is unlike any other. This is a more advanced version and offers more detailed information.

How Advanced Currency Meter Helps you Achieve These Components

Advanced Currency Meter is a tool that measures the strength between individual currencies in a pair. Advanced Currency Meter goes further in employing Moving Average and ADX indicators to confirm the strength of a pair, identify the trend and identify the stage of the trend.


What is the direction of the trend?

With Advanced Currency Meter, you can easily view the direction of the trend for all currency pairs in one window. It has two basic panels: one of the panels contains the strength of different currencies and the other shows the trend and strength of the currency pairs. When ever the arrow is UP, this is an indication of buy trend and when ever the arrow is DOWN, this is an indication of a down trend.


What is the strength of the trend?

With Advanced Currency Meter, you can easily ascertain the strength of a trend even if you are a novice. When ever a currency pair is trending, an arrow is displayed to indicate the trend direction. When ever a currency is in a range, the arrow is deleted to indicate that there is no direction.


Where do i enter the trend to have a good Risk Reward Ratio?

With Advanced Currency Meter, you can easily ascertain the best entry points in a trend. Whenever the difference in strength (off-set) between two currencies in a pair is greater than 4.0, this is strong indication to enter the trend. At this stage the market is likely to move in only one direction for a while thus this a strong indicator for entry points


Simplicity

One good attribute of the Advanced Currency Meter is its simple view. No complicated trend lines, channels, arrows etc... Just numbers that even a 10 year old can read.


Conclusion

If you are a Forex trader whose strategy involves trading the trend, then this is a must have tool for you. I would just like to add that no trading strategy is 100% perfect, so apply money management in your trading. Good luck and happy trading!

Note: Although Advanced Currency Meter can work as a stand alone system, it is however advisable that it should be used as a confirmation tool for other systems instead of trading it as a stand alone system.

Andrey Litvichenko
7568
2017.10.29 05:10 
 

User didn't leave any comment to the rating

Wensum.Drive
175
2017.10.03 11:12 
 

User didn't leave any comment to the rating

Ali irwan
5195
2017.07.20 05:35 
 

Thank,Now I do not see too many charts

Vyacheslav Korolev
13641
2017.05.05 13:59 
 

User didn't leave any comment to the rating

eddi80
84
2017.05.01 21:13 
 

Really good!!

Gennadiy Voltornist
12109
2017.04.09 17:21 
 

User didn't leave any comment to the rating

aleks.espinoza
83
2017.03.05 22:57 
 

User didn't leave any comment to the rating

chpok_men_96
20
2017.02.25 18:10 
 

User didn't leave any comment to the rating

diegoangelcapel
10
2017.02.24 23:38 
 

User didn't leave any comment to the rating

David
69
2017.01.28 22:48 
 

I use it everyday and is it good indicator.

iggi7213
37
2017.01.12 17:27 
 

A fine piece of work, and free ! Thank You.

Nico Bilio
1013
2016.12.20 00:12 
 

would be perfect with alerts (pop, push,email)

MysticLord
24
2016.11.10 16:54 
 

Спасибо, хороший индикатор, но имеются два пожелания по возможности изменять настройки (подробнее я написал в обсуждениях).

Maksym Mudrakov
15556
2016.08.30 11:56 
 

User didn't leave any comment to the rating

Jesse Pham
387
2016.08.11 20:06 
 

Excellent indicator, especially FREE!!!

alisabar
399
2016.04.25 15:51 
 

it helps a lot in selecting a volatile pair. Well done!!!

pbulough
70
2016.04.18 02:10 
 

Nice indicator, Thanks Nesimeye

trishastorm8
81
2016.04.18 02:04 
 

User didn't leave any comment to the rating

paulsumanka
60
2016.04.18 01:54 
 

Nice indicator

Oghenesode Gueke
86
2016.04.18 01:51 
 

User didn't leave any comment to the rating

forexstreak
50
2016.04.18 01:47 
 

Good to spot nice trade entry positions. Use it with some of my indicators