Megatrend FlowMeter updated version

Feature available to Store Members

Free Currency Strength Meter      | | Free MT4 Indicator

Currency Strength Indicator for use on MT4 - MetaTrader 4. 

The objective in using the Visual Currency Strength Meter is to be able to easily recognize whether an underlying currency
 [ country, union ] is strengthening or weakening.

Ideally, we want to buy a strengthening Currency while selling a weakening simultaneously.   We do this by trading Currency Pairs.

Underlying Currencies Trend , Not Currency Pairs 

T This is why we Hacked the Delphi Scalper and made it available HERE FREE FOR DOWNLOAD.  Click on hidden Delphi Scalper Instant Download Link below the 4th picture from the bottom of the currency strength Meter AccuStrength page

Countries and/or Unions are represented by Currencies.  The FlowMeters calculate raw strength and trend strengths of (8) Underlying Currencies.

Individual Currency Pair Correlations from OANDA  

         InterMarket Correlations | Leader-Follower from Forex Automaton

WARNING: There are some initial Pop-Up adverts.   

Having implemented this Leader-Follower comparison/strategy on a semi-regular basis from 2006-late 2010; I can testify to this theory taking a little breather in late 2008 thru early 2009... but has re-emerged.

We diversly open 40-60 0.1 to 0.5 standard lot positions after recognizing divergences that seem to be most pronounced and clock-work-predictable during Australasia on Triple Roll Wednesday nights thru 4:00am PST GMT-7 London Fix the following morning.  Take Profits are also diversly set at levels ranging from 2pips to 140pips with the 75% bulk of them between 20pips and 60pips.

Large NON-correlation that occurs due to Triple Roll buying of Yen, and U.S. Dollar buying vs. Risk Currencies such as AUD and GBP, seems to begin upon CME close and play out for up to 14 hours until the 4:00am PST London Fix about an hour before NY open. 

Subsequently, the (7) day Carry Trade process begins all over again throughout the rest of the day;  short JPY positions are re-established and AUDJPY / EURUSD correlation adjusts itself back in line.  Many weeks, the process actually begins WELL BEFORE THE CLOSE.... as last minute, looking-to-make-a-quick-buck-speculators jump on the band wagon seeking to earn a full weeks worth of swap payments after only owning the JPY pairs for less than 30 minutes. 

FlowMeter loaded on either a 5M or 15M timeframe using default settings with only USD [white line] and JPY [yellow line] displaying during this 14hour time period on 'Triple Roll Wednesdays' can give stunning insight on this weekly pattern of 'High Probability Liquidation of Risk Currencies' followed by the predictable 'High Probability Accumulation of Risk Currencies' .  Historical back testing on the weekend with FlowMeter calculating and displaying strength over 6months - 2years can provide the confidence needed of this weekly pattern continuing to repeat every Wednesday for another 5years.

Andrew Spanton @  Global FX Radio is the Originator, King, and Professor of taking advantage of the high probability 2hour-14hour hold time trades that 'Triple Roll Wednesdays' provide us in the form of a gift..... every week, 52 weeks per year.

Worldwide Government Central Banks | Large Global Banks | Large Global Corporations :

are either moving money into, or out of a particular Currency >>>>>> Not a particular Currency Pair.

Tom Yeomans New AccuStrength 3 Currency Strength Meter uses SSt20 Algorithm. 

FLOWMETER is calculating data from 28 different Pair charts to determine Underlying Currency Strength.

Currency Meter NOVARTISFX

*FlowMeter does not currently work on Gain Forex.com due to their FXF symbol suffix.  FlowMeter will also not work with IamFX or BeamFX because of their symbology ( they also only offer 25 pairs.  IamFX is missing 2 NZD pairs and BeamFX is missing 4 NZD pairs... meaning that FlowMeter will need to eliminate a total of 2 and 4 pairs respectively from EACH underlying currency's calculation.  This means that instead of using a total of 7 pairs to calculate strength for each of the 8 currencies.... it can only use 5 and 3 respectiively!!) 

FlowMeter will not work with ANY broker that does not use the standard 6 letter symbology (EURUSD).  except for those mini accounts that include "m", for which there is a selectable setting for.  We recommend NOT USING FlowMeter on any broker that does not offer ALL 28 pairs that need to be calculated. We are not going to create compatibilty for these inferior broker offerings simply to increase sales.  It is very simple to run two MT4 platforms at once.  FlowMeter will poll your broker and create groupings by eliminating symbols that do not have a partner if you insist on using a broker that does not offer ALL 28 pairs (not recommended).

Although there are other 28 Pair-MT4-Brokers, we recommend FXPRO (DOWNLOAD NOW HERE) to use Currency Strength Meters on.  We are NOT recommending FXPRO as your LIVE Forex Broker.  We realize they are no longer accepting U.S. clients.  We are simply recommending the use of their FREE, NON-EXPIRING DEMO MetaTrader 4 Platform that takes about 3 minutes to download, install, and fill out false information and a false email address.  It is NEVER recommended to base your decision on which Forex Broker you will hand over your hard earned balance to pursuant to which of them may operate a Custom Indicator or EA properly.  It is as simple as 1-2-3 to operate two separate platforms at once.  Running two instances of MT4 should not affect your CPU consumption by more than 0.5%;  RAM will only increase by roughly 1%-2% depending on how much RAM you have available initially.  Users with more than 2GIGS of RAM may only see their RAM meter move by a minimal fraction.  If you elect to select "Show Full Screen" on your auxillary MT4 running your FlowMeter which will close all unecessary windows and toolbars except for the 'File Tools ETC', you will only experience a loss of no more than about a 1/4" of horizontal space as opposed to only running one instance of MT4 and (possibly making the choice of) handicapping your Currency Strength Meter by not giving it all the data that is optimal for its primary job:

 CALCULATING STRENGTH OF UNDERLYING CURRENCIES BY DOWNLOADING AND USING TICK DATA FROM ALL 28 MAJOR CURRENCY PAIRS.

The FlowMeters are integrated into MetaTrader and are not a detached application that is dependent upon the ownership of Microsoft Excel and the DDE link for tick data as are other popular Currency Strength Meters. 

 

 Read more here:http://megatrendfx.com/flowmeter.aspx