Match the base currency with all available Forex pairs.Let's look at how this technical indicator works and how it can help traders make informed trading decisions. It's a quick way for Forex traders to see whether market conditions positively or negatively affect their positions. Those who don't know what currency meters do - they measure main currencies' strengths in the Forex market (USD, GBP, EUR, CHF, JPY, CAD, NZD, and AUD) by comparing all 28 crosses between them. The data obtained as a result of the calculations is usually displayed as a chart. The algorithm looks at the previous 24 hours to calculate the overall strength and combines all currency pairs associated with a currency. Our calculation method also shows the direction of the change (denoted with an arrow close to the name of the currency). Simple meters may not use weighted calculations, while more advanced, like this one, use their weighting factors. Realtime exchange rates are used to measure the aggregate, comparable strength. Also can be found online at sites like this one. It exists for MT4, MT5, and other trading platforms. What is a Currency Strength Meter or CS Indicator?Ĭurrency Strength Meter is a technical indicator that determines the relative strength of currencies.
