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Pro Currency Strength Meter

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



Comentarios 4
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
72
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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ZeusArrow Smart Liquidity Finder  Smart Liquidity Finder is Ai controlled indicator based on the Idea of Your SL is My Entry. It scan and draws the major Liquidity areas on chart partitioning them with Premium and Discount Zone and allows you find the best possible trading setups and help you decide the perfect entry price to avoid getting your Stop Loss hunted . Now no more confusion about when to enter and where to enter. Benefit from this one of it's kind trading tool powered by Ai an trade
Scanner and Dashboard for Cycle Sniper ATR Fibo Channels Indicator As users know indicator draws Fibonacci Channels and arrows according to the user's settings. With CS ATR Fibo Channels Scanner, you will have the ability to watch the market. - Multi Timeframe - Multi Instrument Enter your parameters to watch (as explained in Cycle Sniper ATR Fibo Channels Indicator )  - If you cho0se "Arrows by ATR Levels" , you will receive the potential reversal arrrows. - If you choose "Arrows by M
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
Scalping Indicator Pro is a powerful indicator that works in trend as well as non trending market conditions. This indicator is perfect for scalp trades as well as swing trades. Scalping Indicator Pro is not just an indicator, but a trading strategy itself. It doesn't requires any additional indicators for the trading setup. Check out the indicator in action. [Video demonstration below] Why use Scalping Indicator Pro? Great for novice traders as well as experienced traders. Low risk entrie
Backtesting Simulator MT4
Diego Arribas Lopez
3.5 (2)
[ MT5 Version ] Backtesting Simulator Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance. For
¡40% DE DESCUENTO PARA NAVIDAD! ¡AUMENTO DE PRECIO A $250 EL 1 DE ENERO! Presentamos GoldenGate Entries: ¡Una Solución de Trading de Vanguardia! Descubre un enfoque revolucionario para el trading con GoldenGate Entries (GGE), un indicador avanzado diseñado para elevar tu experiencia de trading. GGE proporciona un conjunto completo de características para capacitar a los usuarios con precisión y confianza en sus decisiones comerciales. Pares: Cualquiera (FX - Materias primas - Acciones - A
Otros productos de este autor
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.
One-Click Strategy One-Click Strategy is designed to make your life easier when placing trades. It is suited to be used with common strategies where you place your stop loss over the recent high or below the recent low. This is very common when you trade support and resistance for a bounce or break out.  Want to sell or buy? Press "sell" or "buy" and the SL is placed above/below the recent high/low with a target of your choice. Lot size is calculated based on your settings. Taking trades tak
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chinedu Aligekwe
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
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
72
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.

Respuesta al comentario
Versión 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.