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Pro Currency Strength Meter

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



Reviews 3
Trevin Chew
23
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~

Stuart Hughes
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
67
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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Description ABC Trend Detector Pro  is an indicator that identifies impulses and trends in the market and displays their presence on the price chart. Found patterns are drawn as colored connecting lines between their highs and lows. Above / below each extreme, the value of the range (the number of pips) of the trend is displayed. Recommendations You can use this indicator to determine the trend and, accordingly, to determine the direction of opening a position or closing an opposite posit
200 USD
Binary Options Conqueror
Majeed Odubela
SYSTEM INTRODUCTION:   The Binary Options Conqueror System Is Specifically Designed For Binary Options Trading. Unlike Other Systems And Indicators That Were Adopted From Other Trading Environments For Binary Options. Little Wonder Why Many Of Such Systems Fail To Make Money . Many End Up Loosing Money For Their Users.  A Very Important Fact That Must Be Noted Is The Fact That Application Of Martingale Is not Required. Thus Making It Safer For Traders Usage And Profitability. A Trader Can Use F
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Quantum Volume Point of Control Indicator
QUANTUM TRADING SOFTWARE LIMITED
The Quantum VPOC indicator has been developed to expand the two dimensional study of volume and price, to a three dimensional one which embraces time. The volume/price/time relationship then provides real insight to the inner workings of the market and the heartbeat of sentiment and risk which drives the price action accordingly. The Quantum VPOC indicator displays several key pieces of information on the chart as follows: Volume Profile - this appears as a histogram of volume on the vertical pr
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Elliott Wave Trend MT4
Young Ho Seo
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
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Naked Forex Big Shadow
Renaud Candel
Big Shadow Indicator is a pattern recognition indicator for Forex and Binary Options. The Big Shadow is an enhanced pattern of the popular engulfing candle. The Big Shadow pattern is very effective and is very simple to trade. The strategy that comes with the Big Shadow is purely based on price action. Inputs of the indicator are : Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): to enable alerts PopAlerts (true/false): to enable
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Moving Average Trend Scanner
Oystein Knudsen
This is a brand new trend scanner for all of us that love to use different kinds of moving averages to define a trending market. This scanner is very useful and saves you a lot of time when you want to look for trending markets.  In the scanner, you can choose to either use two different moving averages or three when defining a trend. Some like to use f. ex. the 50 EMA and the 200 EMA. If 50 is below 200 they will consider it a downtrend.  Others like to use three moving averages. This can be e.
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Trevin Chew
23
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~

Stuart Hughes
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
67
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.

Reply to review
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.