Our Meter
The meter file should be placed in "Indicators"
Our Meter
The Meter continuously receives information about the market’s buy and sell volumes.
Since the USD and JPY tend to play a major role in currency markets, monitoring them can provide valuable insights.
However, it is important to understand that this is an accumulative indicator.
In other words, it reflects what has already been happening up to that moment. It does not predict future movements.
Even so, it can be very useful if interpreted correctly.
1
If both USD and JPY appear at the top, it is usually better not to trade currency pairs, as the market may become very unpredictable.
2
If USD appears at the top and JPY at the bottom, it generally indicates that the dollar has been strengthening, which often means EUR and AUD may be weakening.
However, it is important to watch the number shown by the Meter. If the JPY value increases slightly (for example from 2.8 to 3.1), it may indicate intervention or strengthening of the JPY, which could cause the situation to reverse.
Even if USD remains at the top, a small increase in JPY strength may lead to USD weakening, while EUR and AUD begin to rise.
The opposite situation may occur if JPY is at the top and USD is at the bottom.
