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Multi TimeFrame Currency Meter


This Currency Meter Calculates Strength Using a currency basket of 28 pairs?

This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it.


This Currency Meter is Multi-timeframe!!!

Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe versions, they provide a list of time frames for you but you will still only be able to view a single time frame per chart.

This indicator shows currency strengths of different time frames in one chart thus giving you a clear picture of the long and short term sentiments of the market in a single view.


Another Awesome About This Currency Meter is Multi-timeframe Averaging!

The final strength displayed is an Average strength of 3 time frames. Why is this important?

While a long term trend might define the short term market sentiment, yet the short term sentiments is what builds the long term. I have seen several cases where a single news release changes the direction of a trend indefinitely. Thus to clearly define the currency strength, you have to consider both Higher Time frames and Lower time frames.


Information You Can Get with This Currency Strength meter

  1. Direction of a trend: By comparing the strengths of the two currencies in a pair, the direction of that pair can be easily deduced. E.g EUR=7.9, USD=2.9. Then EURUSD is in a bullish trend because EUR is stronger than USD.
  2. Strength of a trend: The strength of the trend of a particular pair can be simply deduced from the difference between the values of the currencies that make the pair.
    Example 1: AUD=6.0, USD=5.9. The difference is just (6.0-5.9=0.1). This is a very weak trend.
    Example 2: AUD=8.0, USD=3.0. The difference is (8.0-3.0=5.0). This is a very strong trend.
  3. Volatility: With the difference between the currencies in a pair, you can easily deduce the volatility of that pair. A difference less than three (3.0) signifies weak movement and thus an indication of low volatility . A difference greater than four (4.0) signifies strong movement and thus an indication of high volatility.

These are just a few of the general information you can get from this Currency Strength Meter but the list goes on depending on your trading strategy.


Input menu

  • Time Frame 1: First Time Frame
  • Time Frame 2: Second Time Frame
  • Time Frame 3: Third Time Frame
  • TrendPanelBackGround: Editable Panel Background color.
  • TrendPanelText: Editable Panel text color.
Joyospa
69
Joyospa 2018.05.07 06:34 
 

Does not work. Just see gray screen

scootr
33
scootr 2018.02.03 03:43 
 

Also used MN1,W1 and D1 time frames and it really improved my trading. Awesome

petesill
46
petesill 2018.01.30 14:11 
 

Didn't understand the product at first but then I used Monthly, weekly and Daily time frames as my default time frame as advised by author. I must say, this is the best way to view market movement. It shows the long term and short trends with great accuracy in one view. Kudos five star

janacrane
54
janacrane 2018.01.30 11:43 
 

Awesome product .Improved my trading

Michalangelo
324
Michalangelo 2017.12.23 20:23 
 

Didnt get what is promised. Calculations change too fast. at one moment GBP is weakest in all TFs, 5 minutes after it is strongest on all TFs. Totally useless, it doesnt help you decide which currency pair to trade. I also rented currency strength trader which was also totally useless. Wish I could get my money back.. Not even satisfied. 1 star

Versión 1.4 2018.10.07
Fixed a bug with the file
Versión 1.3 2018.10.05
Multi-Timeframe currency meter is now better , awesome, works and above all, makes perfect sense. The new designed is an upgrade of the popular and trending indicator (Advanced Currency Meter) . This version is a multi timeframe version of Advanced currency Meter plus this version sends notifications! Check it out , i know you will love it.