Hello 4xplosion,

Thank you for your interest. Anyway i will try my best to differentiate it objectively with respect to a fellow seller.

First, upon reading, I don't know how his strength meters are calculated, even how it differs from other CSM. but i can say that on mine, the reason I said it as a "TRUE" CSM is that I calculated each strength and convert everything all on the same bases. As you can see on my description the way the value of 100 pips with 1.00 is different from EURUSD, EURJPY, EURAUD, EURNZD... In this way i recalculated all this differences and make it in all the same bases

Secondly, the TIME FRAME. I am not sure  if you can change the timeframe on the indicator you just said, but to me you can have a wide variety of selection from M1, M5, M15, M30, H1, H4, D1, W1 and MN with any Period you prefer. The best simple way to understand this is like thinking of a moving average on different timeframes and period working the same property on currency strength meter. You can maximize this specs like opening 3 charts. on H1 period 24, on the first chart, in order to see the strength on the pass 24 hours, D1 period 5 to see the weekly strength. and M5, period 12 to see the strength on the past hour.

Third, I dont have a Fibonacci on this CSM just like on the link, i dont also have marks like "x" on candles, but I have arrows on the right side showing the directions of a strong significant pairs as of the moment or the given time.

Fourth, though this is the same, I just wanna point out that we have both alerts when there is a significant movement and you will see both on our charts which has the strongest pairs at the given time. 

For sure, there is more difference from the two. It's just that I am not really so familiar with other indicator. I hope I manage to differentiate it properly.

On the other hand, have you also see my ALL CURRENCY METER on crypto, exotic pairs, major pairs and any given pair? You might find it interesting also. 

Here's the link : https://www.mql5.com/en/market/product/25026

Thanks!

Hi Emir.. can I create an EA based on this indicator? or you already have an EA based for this?

Question: on your previous comment, you typically trade with 1:1-1:1.2 ratio with TP 50-60 pips & SL typically 40 pips but on D1. So what do you recommend typical TP/SL for trading on H1 or maybe 5 minutes? maybe divided by 12 on H1? But that way it might easily hit the SL doesn't it?

Hello kuoyen,

If you would like to create an EA on this i think you should need my source code though it is not for sale, on the other hand, I do not made an EA for this yet for I am using a different EA which is just personal. But if you wish to have an EA for this I can make one for you.

I didnt use this for scalping yet. So I do not really have any idea how scalpers would handle this, but if you wish to use this as scalping, i do not recommend it by dividing TP and SL by 12. for in probabilistic view your win rate will be greatly affected by your spread,

To explain this thoroughly, think of this example: 2pips spread. TP60pips, SL50pips.. with this your probabilty of winning is 50/102 ( 50TP/ 50SL + 2Spread) or 49%..

on the other hand if you 2pips spread, 5pipsTP, 5pips SL.. the probability of winning is 5/12 or just 41.67%..

So i do not really recommend this, but if you really want to trade with scalping, i can just give you recommendations on scalping like the NO SL strategy where you will just hedge every time the currency reversed your position. or you will just cut the loss once the direction reversed. But i suggest you also use the higher TF like D1 period 5 and above so you can see in the higher timeframe if the direction really reversed. Take note that you should also use higher TF so you know you are on the side of the trend.

*Note that you can use upto W1 or MN with any period as you please on this currency strength. This would help you to see what direction is the market bias

I see... I think it's best suit for higher timeframe then... btw, if making an EA based on this, with hedge strategy with common standard EA settings (like TP, SL, Trailing, etc)... for just an estimation, how much that gonna be? You can send message to me for that :)

Sure.

To all buyers,

Do not hesitate to send a message to me if you have a question. I am also willing to make an update for suggestions.

Happy Trading everyone!

MY TRUE CURRENCY METER's assessment for 8 major pairs for this year! USD is going down so fast!

Have you ever wondered why would some pairs would move 100 pips but others would only move 80 pips? And some would move 200 pips but some would only move 150 pips? Have you ever wondered why your 100 pips on "EURGBP" is higher than your 100 pips on "EURUSD"? This is the key to the newly developed "28 pairs" True Currency Strength Meter.

Very grateful to you Emir! This METER will definitely make me rich! Very Nice!

Good to know it is helping you! Happy Trading!

Hi Mr Emir

Are you planning a MT5 version of this product?

hej,

bought it yesterday, works great in kombo with my trend hunter for my trayding, but what does in the setting the option period effect?

i´m working with 30min sheets, do you have setting suggestions?

thx a lot so far....

Hi     can't test?  thank you

但 test did not show any reaction

can you help me?

嗨，它可以測試，但是 do ypu have Suggested use strategy?  please pm me   very thank you

Hello. Can you translate some of this to english? This indicator can be used on a lot of ways it depends a lot if you are a day trade trader or scalper for you can check the market bias based on the TimeFrame or based on what trader you are.

Hello, You cant back test this indicator because MT4's backtest is only limited to one pair at a time but Currency Meter needs 28pairs all at the same time. Back Test information is not reliable.