Best Currency Strength Meter and why?

Discussion in 'Forex Trading' started by bankroll, May 22, 2012.

  1. There are quite many currency strength meters out there - some free or open sourced - some sold for money and close sourced.

    Which is your favorite one and why?
     
  2. d4ved

    d4ved

    My favourite CSM is the FXMCSM, its a 28 pair currency strength meter desktop app that uses metatrader 4 DDE to show the currency strengths for all the currencies, with daily pip counts, currency direction and trade indicators. :)

    I use it and trade when the 'trade indicators' are green using 14 and 50 SMAs on my 1 hour charts for trade confirmations.
     
  3. gracie001

    gracie001

    My favorite Currency strength meter is megatrendfx , because its free to use and Future Currency Strength Meter for MT4.;)