Market / MetaTrader 4 / Indicators /

Pro Currency Strength Meter

149 USD

Demo downloaded: 80

Published: 23 July 2020

Current version: 1.1

Pro Currency Strength Meter

Indicators
Oystein Knudsen
Version: 1.1
Updated: 15 September 2020
Activations: 5

Currency Strength Meters are a great way to identify strong and weak currencies.

With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD.

Suggested timeframes to scan is:

M15 - H1 - H4 - Daily

You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.

The strength scale goes from 0 - 100 and by default we consider:

Strong: Currencies with a strength number higher than 60 (Colored green)

Neutral: Currencies between 40 and 60 (Colored yellow)

Weak: Currencies with a strength number lower than 40 (Colored pink)

Note: You can change the color criteria if you want to define strong and weak currencies differently than the default settings.

Attention! If you own my CSM indicator you can ask me to get my Trade scanner for free! It will scan the markets and only show currency pairs that meet Adam Khoos criteria for trading Trend Rider and Bounce. Just send me a message on telegram to get the free scanner. (@traderknudsen)

If you want CSM numbers to be close to Adam Khoos numbers make sure you set "Triangular weightning" TRUE in the settings

more...

Trevin Chew 2021.02.16 06:15 #

I'd say this indicator help me so much to enhance my trade qualities, And Seller is also very kind&helpful in responding to all my doubs&questions as well. Fantastic tools I've seen so far. Really good for trading. 10 stars~

110

Stuart Hughes 2020.12.11 02:10 #

Excellent CSM. Displays multiple time frame currency strength very clearly. I have been using it for a while now and find it very useful and accurate in deciding pairs to trade. Seller is very pro active and offers excellent support and follow up after purchase. I have given it a 5 star rating and i would recommend it to any currency trader.

Wee 2020.09.22 16:57 #

Great Currency Strength Meter (CSM). Helps me a lot to identify the strong and weak currencies. Love the way it is presented. Compared this CSM values with few other CSMs and this CSM gives values accurately for me to find the best pairs to trade. Seller is very helpful in responding to my questions. Great CSM and would recommend it to anyone and would like to give a 5 star rating for this CSM. Great CSM and thanks for making it available.

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Filter:

131

chinedu Aligekwe 2021.08.02 03:27 #

Please I added the indicator to my live chart and I can't see it, I am doing something wrong?

Trevin Chew 2021.02.16 06:15 #

110

Stuart Hughes 2020.12.11 02:10 #

Wee 2020.09.22 16:57 #

Version 1.1 2020.09.15

Just made the values from the CSM open so it can be read off by other programs like scanners for those who use it.