![]() Since the indicator shows the strength of one instrument relative to others, its applicability is limited to currency pairs. Unlike popular oscillators, such as the RSI, the CSM analyses several currency pairs simultaneously and displays the readings of each currency pair.ĬSM works in a similar way as the MACD, which calculates the slope of the moving averages but for a single currency pair. It measures and graphically shows the strength or weakness of currencies in the Forex market. The Currency Strength Meter is an oscillator-like technical indicator located under the price chart. Currency Strength Meter: installation and settings.How to download Currency strength indicator for MT4.Mistakes to avoid when using Currency Strength Meter.Disadvantages of Using Currency Strength Meters.The Advantages of Using Currency Strength Meter. ![]() How does the Forex Currency Strength Meter Work?.The article covers the following subjects: It is the Currency Strength Meter, an indicator that measures the currency strength and could provide information on which currency is rising and which is falling. Although I am not a fan of technical indicators, I want to devote this article to an interesting indicator I have recently come across. ![]()
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