Currency Strength Meter Indicator

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Configurable Currency Strength Meter Flash App
Larger Version?    ((( click )))

Momentum and Trend Trading:
Buy an Underlying Currency that is   Strengthening with Space to Continue Up
Sell an Underlying Currency that is   Weakening with Space to Continue Down

Daily and Weekly Mean Reversion Trading:
Buy an Underlying Currency that is   Oversold + Consolidating
Sell an Underlying Currency that is   Overbought + Consolidating

Strength Meter Chart represents the price movement for major currencies measured against other majors. Results shows strength and weakness against a customizable basket of currencies. Useful to detect then identify which crosses have been trending. Gives trend length perspective + OB or OS relativity. Overextended data on higher TFs serve as possible indication for Mean Reversion strategies or to hedge risks.

2013-04-03 T11:37:22 FX, above all other markets, is reliably susceptible to D1+WK+MN Mean Reversion of both buy side and sell side due to “Zero Sum” theoretical logic with WK being prime. Likewise: I never apply Mean Reversion techniques to Commodity, Equity, or Equity-based CFD sell side due to Inflation Factoring. JPY finally reverted sharply for us [early 2013]. Could it now finally be time for GBP to attempt a revert back Home after this grueling period of consolidation down at the Weekly bottom? A push down to -35% prior to GBP reverting remains a risk, albeit low. Enable all on the Weekly for proper perspective and view Larger ((( click )))
2013-12-02 T09:20:40 Update – Yes. Looks like we were correct, thus far. GBP finally broke up out of the consolidation it had been in since 2010. Historic Mean Reversion probabilities tell us GBP is more likely to continue towards the 0.00% Mean now – rather than returning back to its consolidation area of -27% or breaking lower and testing the feared -35% area.
Enable all on the Weekly for proper perspective and view Larger ((( click )))
©2011 Wyeth Partners, United States. Credit to Mataf
Click 5min or 15min or Hourly or 4H or Daily or Weekly or select a Currency to refresh.

Internet Explorer 9, 10, 11 Users switch off ActiveX Filtering to display this Flash-Based App
Chrome + FireFox + Opera Click2Run Users click blank spot above 2Run this Flash-within-iFrame App
PLEASE NOTE: Date Format is Gregorian, starting with day [ Day/Month/Year ]. All Times GMT. Updates on timeframe bar close per manual refresh [i.e. clicking the Time Frame button, e.g. 5min 15min Hourly 4H Daily or Weekly]. *Currency Strength is calculated using Simplistic RSI and should not be relied upon solely to base trading decisions unless used together with our ClearChart and NITRO+ FX Multimeter Indicators.

Maintaining Visual Scale Relativity of The Meter

Relative Strength (RSI) Data of individual Forex pairs is calculated and then subsequently aggregated with like kind. This aggregation is then compared to other currency pair basket aggregations which then ultimately provides us Relative Strength of the underlying currency trend. This in turn gives us money flow into or out of one currency in relation to another.

As the number of currencies that are selected increases, the MAX + MIN visual scale relativity as a whole expands by the furthest outlier. Unless your habit is to trade only 1 or 2 pairs, the MaX number of currencies selected is recommended to provide full relativity. Over time, this will prove beneficial by eliminating what can appear to be “Extreme Moves” … causing unjust, higher positioning leverage.

Minimal Currencies are set here by default to help minimize initial page load speed. However, the opted formula here always uses all Pair Data available regardless of how many Currencies are selected by you. This helps to retain familiar ‘relativity’ when making visual comparisons and provides a consistent visual scale. As noted above though, selecting ALL Currencies will retain more consistent relativity because the MAX + MIN remains more static due to Mean Outliers being included.

Expanded Version for Larger Monitors    ((( click )))

View the Currency Strength Graph in a Light Box by clicking above

Expand The Meter to Maximum Size:

If you are viewing on a smaller monitor, the Photo Light Box will automatically overly undersize and crop the meter. Click the grey expand button in the upper right hand corner to maximize the currency chart to its intended size: [see pic below]
Click Button in Upper Right Corner of LightBox to Expand Currency Strength Meter Chart to Maximum Size

You can then better utilize the ZOOM instructions above to make the index whatever size you wish, such as maximized to fit a full 32″ monitor. The chart will retain correct widescreen aspect ratio when doing so.

If you are viewing on a smaller monitor and the Currency Strength Meter Index Graph is too vertically large or you just desire to change the size to better fit in your trading work space, simply change the ZOOM in your browser settings. Although the Currency Strength Index number outputs will sometimes overlap each other when reducing the ZOOM depending on the quantity or Underlying Currencies selected, the structure of the main currency index chart will remain intact.

ZOOM OUT as shown below:
Forex Currency Strength Meter

FLOW+

A New Currency Strength Meter Family for MT4 is being conceived.

2013-27-09 T10:03:22 – new, updated information further below. CSM will be released through the new MetaTrader 4 Market

However, the new Probability Meter suite coding is priority #1. Our time for heavy coding and testing only takes place during the northern hemisphere Summer months when global markets are generally less populated leading to less volume and vix.

Multiple display configurations and output types is the goal. Ease of use and RAM CPU friendly is a must. Constant position changing Dynamic Rankings to instantly identify strongest vs. weakest is a necessity.

Metatrader 4 coding logic, such as “A single indicator can only occupy one chart location, either the main chart, or a bottom indicator window” in addition to only one output type – increases our coding limitations. However, once the base meter is split into a series of indicators – the possibilities for display combinations and strength calculation variance is increased.

Therefore, we are thinking a “Family” of FLOW+ CSMs is in order to allow for simultaneous meter, graph, and ranking outputs. The series base indicator, to serve as the Father, will be a simple multiple time frame meter marketed initially as an addon to the bottom or top of NITRO+ FX Multimeter … sort of like pictured below in the working beta:
currency strength meter indicator addon to the bottom of NITRO+currency strength meter indicator addon to the top on NITRO+


Bookmark this page and check back in 2014 / 2015

These tools are not like Stochastics loaded on one single TF. These tools are complex and resource intensive.

It was roughly calculated that NITRO+ alone, utilizing one of its 28 pair multiple meter templates, might be performing up to 15,000+ calculations per second during such times as NFP on a multi-decimal Broker. This is assuming about 2 ticks per second on average over that entire 15 minutes following release. As we all know, the initial 1-3 minutes can produce as many as 3-5 ticks per second on pipette Brokers.

These are only the parameter calculations done by the N+ meter itself across the 28 pairs over the up to 6 total time frames*. This does not include the additional, whatever automatic internal calculations that are performed per each new tick by the 24 internally-aggregated Indicators themselves such as ADX, Alligator, Accelerator, Awesome Oscillator, etc., etc. These calculations are done automatically within your Metatrader Platform, but only when they are instructed to do so. Such as is what happens when N+ is loaded.

*Mean TFs calculated by N+ is about 4.7. Mediun TFs calculated is 5. Number of TFs used for calculation dependent on TF loaded. The influence that each other additional TF has on ultimate GLOBAL% is non-linearly, variably-weighted. NITRO+ automatically adjusts MTF influence / weightings.

[full breakdown + explanation of NITRO+ FX Multimeter calculations and aggregations, including various weightings of all used time frames can be found here]

Yes, there will be some calculation-per-tick redundancies when adding a CSM, making it similar to that 28 pair template used in the example above. But, we have to plan for Users wanting to run both at the same time, and possibly on a different set of pairs. A User may want to use the CSM to calculate Forex pairs, while using a multiple meter NITRO+ configuration on Exotics, CFDs, GOLD, SILVER, OIL, and Equity Indexes or Futures. In doing so, a multiple N+ setup could include 50-60 meters, depending on how many Exotics and different CFDs are offered by the particular Broker. This then would push calculation-per-second into the about 25,000-30,000 range.

So then, “Per-Tick Performance” has become an obstacle. Features and number of calculations per tick will need to be eliminated or reduced to allow for DLL calls (the new MT4+ Builds 600+ may have killed DLL calls to who Metaquotes considers “untrusted 3rd party sources”. which of course means everyone except metaquotes.net is untrusted).

Tools cannot be created only for those with 24GB RAM and Xeons. We are forced to create them for 32bit 2005-2006 1280×720 15.6″ Laptops runnin’ Windows XP with a max of 3.63GB usable RAM. Because if you are trading Retail Forex in 2014 and do not reside in the United States, these are your most likely machine specs.

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2013-27-09 T10:09:41 New Currency Strength Meters will only be released through the new MetaTrader 4 Market. That is if it becomes live soon. If not, MetaTrader 5 versions will supersede them.

Except for the free updates provided to current NITRO+ Customers, all new products will only be released through either the MetaTrader 4 Market or the MQL5 Market.

Although Metaquotes will take 20% of gross, machine binding and encryption is built in. Almost exactly like iTunes + Google Play in theory.

Since this past Spring with Metaquotes killing many 3rd Party application ‘hacks’ that utilize DLL, it seems they will succeed in funneling all new products through their stores and grabbing 20%. All current viable software protection relies on DLL calls.

60% of our time related to this enterprise is spent combating Pirates and AdSense Spammers.

Google AdSense Spammers looking to make $0.04 per week by creating a page to where our products can be accessed freely and hoping that 1 in every 200 visitors clicks on some Spammy Forex AdSense Ad that shouts “I Made $4,618,813.00 Yesterday Using This 1 Weird Trick!”.

It astonishes me the time and energy these people spend to play Cat and Mouse with us. All to protect their $12.87 worth of total annual site revenue. But I guess when ‘Internet Related Spam and Fraud’ constitutes about 40% of Nigerian GDP**, maybe they consider their work patriotic:)**actual, real statistic from a 2010 report

I am more than happy to give Metaquotes 20% in exchange for nearly bullet proof software protection and limiting duplication to 3X machines and accounts.

Illustrating Forex Trading Alert

We are not associated, affiliated, acquaintances, partnered in any way to Henry Liu.

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this is the forex tool that is featured this monthFeatured Forex Meter – “NITRO+ FX Multimeter”

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02/26/2014 2014-02-02 T04:10:30