Forex Strength Meter

Forex Strength Meter

By QM4 Designs

  • Category: Finance
  • Release Date: 2011-11-01
  • Current Version: 4.89
  • Adult Rating: 4+
  • File Size: 3.71 MB
  • Developer: QM4 Designs
  • Compatibility: Requires iOS 8.2 or later.
Score: 4.5
4.5
From 18 Ratings

Description

This Currency Strength Meter is a Forex trading tool that displays currency strength for several currencies on multiple time-frames. What is Currency Strength? Currency strength is a unique way to assess price action in the Forex market. Instead of watching individual Forex pairs, currency strength measures the strength of an underlying currency. This gives important insights into the forces at play causing a move in a particular Forex pair. For example, if GBP/USD is breaking out to the upside, currency strength can be used to determine if the move is due to GBP strength or generalized USD weakness. If it's due to USD weakness, there might be trading opportunities on other USD pairs. Currency strength is calculated using our own propriety algorithm. We first introduced this is 2011 with our first generation currency strength meter. The algorithm has been refined over time to enhance it's accuracy and responsiveness to changes in market conditions and has proven popular with traders. This App uses the same proven algorithm but with even faster refresh rates and lower latency. Currency strength is displayed in either bar or chart form and is measured for 8 currencies : USD (US Dollar), EUR (Euro), GBP (British Pound), JPY (Japanese Yen), CAD (Canadian Dollar), AUD (Australian Dollar), NZD (New Zealand Dollar) and CHF (Swiss Franc). The standard App supports 4 time-frames (4-Hourly, Daily, Weekly and Monthly). An optional Data Booster Pack adds 15-minute and 1-hourly time-frames. This is available as an In-App purchase subscription, and can be accessed on all of your IOS devices. Features: - low latency real-time data, with fast refresh rates - up to 6 time-frames - bar chart display with historical look-back feature and landscape mode support - customizable charts - hide/show currencies, customizable grid lines - 50%, 100% chart zoom - customizable time zone - several color themes - optimized for iPhone 6/6+ screen size - built in user guide - proven, popular currency strength algorithm

Screenshots

Reviews

  • Again the developer doesn't listen

    3
    By Richard Williams
    It's been years that costumers have been asking for crossover alerts, strength level alerts custom colors etc and nothing seems to be forthcoming. Disappointed.
  • I would not recommend

    1
    By Supremevick
    I wouldn't recommend till they update the description stating you only get basic settings for paying $10. after that they suggest paying a monthly fee of $1.99 or $4.99. The whole point of paying $10 in the first place is to get a mobile version of what I get FREE on my desktop. This app is definitely not worth it.
  • No Lower Time Frames

    3
    By agstorm
    The app does what it's designed to do; however, if you are a scalper and use lower times don't bother. You have to pay extra money to use anything under 4hrs; which is nonsense after already paying for the app - something that should have mentioned before purchasing.
  • Worth the $10

    5
    By Wise trader
    If I could rate this app a 10, I would. I love this app.
  • Now I want More

    4
    By B-Love158
    This is a very good app especially for mobile. I like that you can add time frames for a decent price. Now that it works so well, I want more, I'd like this app to have push notification alarms for when there are cross overs or when currencies reach certain strengths. Please add that and this would be a truly amazing app!! Also if you could make this available for desktop as well, that would be even better! Thanks!
  • Apple watch

    5
    By DrSammmy
    Please make this app for the apple watch!!!! Thank You!
  • Perfect

    5
    By Stock research and development
    Perfect app. Have increased my profits a great deal because of this app. This app had paid for it's self many times over. I would like to see more currencies though. Not just the 8. But still making money. So no worries. Thanks a million.
  • Shorter

    4
    By Shantawp
    Can an hourly time frame be made?
  • Love this Tool

    5
    By Marvpimp
    I trade forex everyday and I like this tool as it gives me a quick look at the over all forex market. Thanks
  • The best, easy to use Forex Strength App

    5
    By Abe-SD
    I came across this App about 2 years ago after having some technical issues with PC based Strength Meter.In addition to this App I have also purchased another one from iTunes AppStore to get the same information. I have been using this Forex Strength Meter from QM4 Designs since then, mainly due to its server reliability and ease of use. The strength bars update automatically, as well as the corresponding numbers of the strength on the side. Usually I let it run at the 4-Hour tab. It has been very helpful for entering a new position. Also, the customer service was very responsive when I had an issue with my older iPod which can not be upgraded to the latest iOS 6. They made sure that the server is backward compatible to the older iOS 5.1.1. so I can keep using my iPod Touch for the time being. By the way, I was using this App all over the world during my travel. Keep up the good work!

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