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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.

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.

INTRODUCING : Multi-TimeFrame Currency MeterIt is an upgraded version of Advanced Currency Meter. It displays currency strength for up to 3 timeframes (D1,W1,MN1) thus showing the currency that has the most sustainable strength over a long period of time. Advanced currency Meter only displays currency strength for Daily(D1) timeframe. Multi-TimeFrame Currency Meter also displays Trend direction for up to 3 timeframes thus showing currency pairs with the strongest trend. Also has notification alert for trend change! . Click Here to download Multi-TimeFrame Currency Meter.

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.

Inputs

  • symbol_prefix: symbol prefix
  • symbol_suffix: symbol suffix


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.

corema
18
corema 2018.09.27 16:55 
 

THANKS THANKS THANKS . GOD BLESS YOU FOR YOUR PRODUCT

sunnychow
3099
sunnychow 2018.09.15 15:52 
 

It is a good indicator.

davarius hendry
36
davarius hendry 2018.08.16 21:16 
 

very good indicators

hassan butt
273
hassan butt 2018.07.07 11:16 
 

best

Matthew Todorovski
12197
Matthew Todorovski 2018.06.30 13:22 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

dayvian85
86
dayvian85 2018.04.17 08:58 
 

Nice indicator

ifatedi
328
ifatedi 2018.04.04 12:01 
 

User didn't leave any comment to the rating

Tim Eubanks
4897
Tim Eubanks 2018.03.15 02:16 
 

This would be a very good indicator if it was updated to work with suffix brokers and added alerts!

Andrey Litvichenko
7587
Andrey Litvichenko 2017.10.29 05:10 
 

User didn't leave any comment to the rating

Wensum.Drive
177
Wensum.Drive 2017.10.03 11:12 
 

User didn't leave any comment to the rating

Ali irwan
5166
Ali irwan 2017.07.20 05:35 
 

Thank,Now I do not see too many charts

Vyacheslav Korolev
16225
Vyacheslav Korolev 2017.05.05 13:59 
 

User didn't leave any comment to the rating

eddi80
89
eddi80 2017.05.01 21:13 
 

Really good!!

Gennadiy Voltornist
12006
Gennadiy Voltornist 2017.04.09 17:21 
 

User didn't leave any comment to the rating

aleks.espinoza
83
aleks.espinoza 2017.03.05 22:57 
 

User didn't leave any comment to the rating

chpok_men_96
20
chpok_men_96 2017.02.25 18:10 
 

User didn't leave any comment to the rating

diegoangelcapel
10
diegoangelcapel 2017.02.24 23:38 
 

User didn't leave any comment to the rating

David
92
David 2017.01.28 22:48 
 

I use it everyday and is it good indicator.

iggi7213
37
iggi7213 2017.01.12 17:27 
 

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

Nico Bilio
1023
Nico Bilio 2016.12.20 00:12 
 

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

MysticLord
24
MysticLord 2016.11.10 16:54 
 

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

Maksym Mudrakov
19339
Maksym Mudrakov 2016.08.30 11:56 
 

User didn't leave any comment to the rating

Jesse Pham
415
Jesse Pham 2016.08.11 20:06 
 

Excellent indicator, especially FREE!!!

alisabar
433
alisabar 2016.04.25 15:51 
 

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

pbulough
60
pbulough 2016.04.18 02:10 
 

Nice indicator, Thanks Nesimeye

trishastorm8
81
trishastorm8 2016.04.18 02:04 
 

User didn't leave any comment to the rating

paulsumanka
60
paulsumanka 2016.04.18 01:54 
 

Nice indicator

uis
76
uis 2016.04.18 01:51 
 

User didn't leave any comment to the rating

forexstreak
50
forexstreak 2016.04.18 01:47 
 

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

Version 1.2 2018.10.02
Advanced Currency Meter just got a lot better with new display settings. You can now change the display skin of the Currency Meter and the Trend Strength to your liking.
Version 1.1 2018.07.18
1. Fixed repetition in currency pair displays in the currency strength window
2. Added two new inputs for symbol prefix and suffix. This will enable the working of the Advanced Currency Meter on symbols with prefix and suffix.