Leave a Review Institutional Forex Meter
Simple and very useful
Very goodCalculation
What variables are used to calculate currency strength?Developer Response
Thanks for your feedback! The app calculates the normalized strength over the main currencies EUR, GBP, CHF, USD, NZD; AUD, JPY.Ummm... No!
I read the review posted and thought... sounds great! Upon downloading... I find this app to be pointless and ineffective. I mean it’s a bunch of squiggly lines with absolutely no direction or explanation on how to use it. My guess is that the highest squiggly line is the strongest currency and the lowest squiggly line is the weakest but who knows! This compared to the Currency Heatwave also found in the App Store is an embarrassment. To the developer... I appreciate the effort... truly... but it needs much more development.Show lessDeveloper Response
Thanks for your feedback. The lines show normalized (non-retail) currency strength. The app is intended for inclusion in your own trading strategy and it is really powerful but there is no simple "how-to use it" way (as there is no simple "how to use a candle stick chart" way). The other app you are referring to is nice but it does not give you the information which the Forex Meter lines show.