Originally Posted by endy

Hi all,
I have been following this thread almost from the beginning and it gave me a lot of inspiration.
I would like to share one of them, which I was tuning in last weeks.
It should represent currency strength meter.
It shows USD, EUR, GBP, JPY, CHF, CAD and AUD currencies.

It is based on simple CCI(48). It sums up CCIs for all pairs in which given currency occures. Then it shows the strength of the currency in preview.
I started to use this as a filter in my trading beginning last 2 weeks.
See first part of the screen (each currency has its line). Note how last week JPY was really strong. So I was taking only XXXjpy shorts from all retracements and made chunk of pips.
Of course, the most pips were gathered from GBPJPY, because GBP was loosing like a hell (see black line at the bottom of last week).
I took only those signals which are in the direction of the currency strength.

This week, so far EUR is really performing well, so I long it against those currencies that are below 0 line.

So from individual currency strength meters, I made another step and measure combined strength of two currencies, which gives me picture of the given pair. See in the middle EURUSD and at the bottom GBPCHF development.

Please note, that these charts are H4 TF, so no 5m madness during days.. It saves me a lot of time and a lot of nerves and I make pips much easier.

Anyway, I am open to any comments and suggestion about this, feel free to post any questions.

thanks,endy