hi friends, I have searched through internet regarding correct way of calculating CS (Currency Strength). Many pages showing very few information and none of them discuss clearly about calculating CS.
I have reading the code in CM available in openly in internet namely Currency Meter or Strength Meter. I have used these Meter to trade and few time i can catch the trend but many times i was ended in failed trade.Every meter taking "EURUSD", "GBPUSD", "USDJPY", "USDCHF", "EURJPY", "AUDUSD", "EURCHF", "USDCAD", "EURGBP", "NZDUSD" these pairs for calculating strength of "USD","EUR","GBP","CHF","JPY","CAD","AUD","NZD". Is this method correct? Is this reliable way to calculate CS using above ten pairs? Some people says we should calculate using Majors and Minors together to get absolute strength of CS. I have interpreted the coding for calculating CS. I will show it in my next posts. Any one having ideas please share your view regarding calculating CS and plz don't post any indicator which is not required here.
I have reading the code in CM available in openly in internet namely Currency Meter or Strength Meter. I have used these Meter to trade and few time i can catch the trend but many times i was ended in failed trade.Every meter taking "EURUSD", "GBPUSD", "USDJPY", "USDCHF", "EURJPY", "AUDUSD", "EURCHF", "USDCAD", "EURGBP", "NZDUSD" these pairs for calculating strength of "USD","EUR","GBP","CHF","JPY","CAD","AUD","NZD". Is this method correct? Is this reliable way to calculate CS using above ten pairs? Some people says we should calculate using Majors and Minors together to get absolute strength of CS. I have interpreted the coding for calculating CS. I will show it in my next posts. Any one having ideas please share your view regarding calculating CS and plz don't post any indicator which is not required here.