Aug 06, · ForexProfitSupreme Meter - an indicator which is in the left corner of the graph and is used in the strategy for monitoring the current situation on . How Does The Currency Strength Meter Work? The meter takes readings from every forex pair over the last 24 hours, and applies calculations to each. It then bundles together each the associated pairs to an individual currency (eg, EUR/USD, GBP/USD, USD/JPY, EUR/GBP, AUD/USD etc) and finds the current strength. How Can This Help Me? Forex Correlation Matrix – The Real Currency Strength Meter. Over the years, Forex strength meters have naturally evolved into currency correlation matrices that can deliver more complex and accurate information. Forex correlation, like other correlations, signals correlation between two currency .
Best Currency Strength Meter and why? Currency Strength Meter - Improvement 34 replies. Coding the most accurate currency strength meter 11 replies. Options Search. Attachments: Currency Strength Meter.
Exit Attachments. Currency Strength Meter. First Post : Nov 2, am Nov 2, am. Commercial Member Joined May Posts, Forex currency strength meter trading system. Has anyone bought the currency strength meter that Tom Yeoman sells and do you use it with success if you did buy it?
I do believe it to be a good tool but I just don't see many people writing about it. Nov 2, am Nov 2, Forex currency strength meter trading system, am. Joined Oct Status: Member Posts. Dont have to watch 30 or 40 charts you know all the currency's strength through this software. Thanks for replying. I have had it for a while myself and although I have been learning to trade different Forex currency strength meter trading system I always feel more confident in my shorter term trades when I use the meter.
Infact it is not too often I have losing trades when using it. I never really liked Tom's system he gives with the meter though. I know it does work but I just personally didn't like it much because of a few different reasons. I used it on the 15min chart with possibly better success than the 5min chart.
What I guess I wanted to do is find out if many others use the meter successfully because I don't see anyone writing about it. If eough people do use it, then we could maybe bounce some ideas back and forth and see how many workable systems we could come up with using the meter.
I personally have two different systems that seem to work very well if you use the meter along side them. If there is enough interest I'll type them out with pics, if not I'll just show those that ask I guess I'm far too lazy to set up affiliate links etc but maybe I should and throw in my two other systems for the same price just kidding.
Edited at am Nov 2, am Edited at am. Commercial Member Joined Sep Posts. Quoting juicyt. If eough people do use it, then we could maybe bounce some ideas back and Time is relative, bars are byproduct of time Nov 2, pm Nov 2, pm.
Quoting piplover Joined Nov Status: Member Posts. I have never heard of Tom Y. I'll try googling in the meantime. Google will be fine and you can also youtube it. He used to have a more informative web site but I think you'll still get the idea of it. Nov 27, pm Nov 27, pm, Forex currency strength meter trading system.
Joined Jan Status: Member 30 Posts. Feb 16, am Feb 16, am. Joined Oct Status: Member 27 Posts. At one time an Forex currency strength meter trading system version without graphics of the Strength Meter was free.
If someone can read an Excel spreadsheet, maybe that can make a Metatrader ex4. Attached Files. Mar 1, pm Mar 1, pm. Joined Jan Status: Member 47 Posts. Quoting reese Edited at am Mar 2, am Edited at am. Joined May Status: Member 68 Posts. Here is a tool which is a nice tool for your toolbox. It will not open or close trades as many EAs can do, Forex currency strength meter trading system.
Attach it to your charts from your Experts folder. This is because the algorithm is run on a tick by tick basis and the loop which controls it works as an Expert Advisor much more effectively than directly as an indicator. I also have the Excel file which does the same thing, and Tom Yeoman's free version from a while back runs the same algorithm. You can compare them and see that they are only a few seconds apart.
Different brokers in different timezones of the world will show slightly different meter strength based on the hours that are utilized for calculating in different timezones. Pair a strong currency with a weak currency and trade that combination for most optimal use. Use it in conjunction with other factors such as pending news announcements, major bailout discussions, support and resistance levels and what the US market is doing the Yen is sensitive to our stock market more than most others during US trading hours and price of Oil, etc.
This meter's algorithm compares each currency to a basket of currencies to gauge it's overall strength. But it is a wonderful live meter. Be aware Forex currency strength meter trading system there will be a small delay when you put this EA into a chart or when you switch timeframes. It's doing a lot of calculations to display this meter, so give it the extra seconds to do the math. Trading strength and weakness is a more evolved method of making Forex currency strength meter trading system decisions, rather than relying on lagging indicators for decisions.
Most seasoned traders who have survived the retail Forex jungles arrive at this approach. I hope this information is helpful. Cheers, pipsqueak4x.
Attached File. Mar 2, am Mar 2, am. Joined Jun Status: Onward thru the fog Posts. Please correct me if I am mistaken but this currency meter from the first post looks an awful lot like the CCfp indicator found here on the forum. I realize it has been modded somewhat as far as appearance but looks to do the same function. Original info on the indicator appears to be from here. Mar 2, pm Mar 2, pm. Joined Sep Status: Member Posts. I compared with other strength meters the CAD strength is totally out.
Aug 5, pm Aug 5, pm. Membership Revoked Joined Jul 5 Posts. There is a new one in the market. I do not want to post link here, but you can go on google and search for "Currency Meter" It should the first or second one in the list It looks like this:. Attached Image. Joined Jun Status: Member Posts. Quoting fundraiser. Aug 8, pm Aug 8, pm. Joined Oct Status: Member 28 Posts. Quoting skorcht. Aug 14, pm Aug 14, pm.
Joined May Status: Member Posts. Quoting Pipsqueak4x. Aug 15, am Aug 15, am. Joined Aug Status: Kev 6 Posts. Hi Pipsqueak, Many thanks for this. I am having a bit of an issue with the install of the indicator and was wondering if you might assist. When I try to pull the indicator icon onto the chart from Navigator Forex currency strength meter trading system it does not allow me to.
The icon is greyed out and no matter what I try does not seem to help. Thanks, Forex currency strength meter trading system, Kev Quoting Pipsqueak4x. Nov 10, am Nov 10, am. Joined Oct Status: Member 5 Posts.
If you dont mind sharing, whats the stradegy Thomas Yeoman suggests for using the meter?
Aug 03, · The 28Pairs Currency Strength Trading System - also known as Double-GAP Strategy - is my primary trading philosophy and is based on exploiting individual currency strength and weakness. Now including currency speed impulse and supply/demand zones. A Forex Currency Strength Meter looks at all the common currency pairs and evaluates the strength/weakness level for each individual major currency, in real time. It takes into account both the base and cross currencies. By using a currency strength meter you can trade the active market momentum and avoid all the chop and head fakes.5/5(12). Forex Profit Supreme is trading system designed for intraday trading. It signals the entrance to the market grounded on the measurement of six indicators. It signals the entrance to the market grounded on the measurement of six indicators.