video1.0<iframe src="https://www.loom.com/embed/58805d1463c04099b38b810d54d2893c" frameborder="0" width="888" height="666" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>666888Loomhttps://www.loom.com666888https://cdn.loom.com/sessions/thumbnails/58805d1463c04099b38b810d54d2893c-00001.gif33Introduction. I’ve been doing a lot of work on the currency strength meter and I would like to share it with you. The chart legend on the Currency Strength Meter - https://fxstrengthmeter.com/. The above chart legend is an example of a use case for the Currency Strength Meter . I have hard-coded it as one of the indicators on the meter to show only when you have low currency strength. I’m not sure if this is the best approach, but it seems like a generic way to show currency strength, so I tried it out on my own metrics page. It works well enough, but the problem is that when you switch between currencies, each indicator gets its own background color. This makes it difficult to see which indicator you’re currently using (and particularly important when switching currencies). It would be much better if we could simply color-code each indicator based on which currency you’re currently viewing (e.g., green for USD/EUR and red for EUR/USD). 1.1 How to use the chart legend. The chart legend on our Currency Strength Meter is a great way to add explanatory text if you need it. It’s not a terribly flashy tool, but it’s still useful. Here’s how you can use the legend: 1. Click on the legend at any time to open up a pop-up menu that lets you quickly change between the “Currency Strength Tool” and “currency strength tool” views. 2. Click the drop-down list in the pop-up menu that appears when you hover your mouse over the legend, and select “remove chart legend from currency strength meter” (the chart will disappear). 3. If you want to keep the chart, click "Keep". 4. If you want to remove the chart from your currency strength meter, click "Remove Chart". 5. The Legend will remain hidden until you uncheck all of its checkboxes or click it again to display it again (you can also hide and show it using keyboard shortcuts). 2. The benefits of using the chart legend. When it comes to making something more friendly for people who don’t necessarily have a traditional understanding of the concept, there is one simple rule. A good chart legend is something that tells the story you want the user to know. It should tell something about what it means, rather than just a bunch of numbers. CUSD uses this chart legend and they have been successful in making it easy to read: Currency Strength Meter The chart legend allows you to display your currency strength on your app as well as in your website and mobile app. The results are shown at the bottom of the meter (Color code: Green = Strong, Yellow = Weak). You can choose from 4 different colors: Green, Red or Yellow depending on your market. The chart legend tells you how strong or weak your currency is when compared to other currencies. CUSD – Currency Strength Meter A red circle around the meter shows that you are weak in this currency; a yellow circle around the meter shows that you are weak in another currency. Blue circles indicate common strengths of U.S dollars against all other currencies. You can also use this link instead if you want to go directly to the color code page for each currency: https://fxstrengthmeter.com/blog/currency-strength-chart 2.1 How the chart legend can help you trade forex. In the simple sense of “chart legend”, there is no such thing. In the more technical sense of “chart legend”, there is a chart legend and it can be used on the currency strength meter (CMM). There are some subtle differences between the two versions: • The currency strength meter uses a colored background to indicate where it has been set while the chart legend uses a primary color. • The currency strength meter uses a white background while the chart legend uses black. 3. The drawbacks of using the chart legend. The chart legend is convenient for displaying the summary of capitalization calculated on a currency strength indicator. However, it is not intuitive, and can be confusing to a user. The chart legend should be used in combination with the currency strength indicator to display a summary of capitalization calculated on a currency strength indicator. 3.1 How the chart legend can mislead you. We have to point out that the chart legend is not a tool at all; it is a misleading screen element. The legend appears on the top of the Currency Strength Meter and as you see it, it shows values of a currency in terms of another unit. It would seem like a useful way to show relative strengths. However, look at it closely and you will see that there is no such thing as relative strength: 1. Where does money come from? 2. What is money for? 3. What does money do? 4. Is money as close as I think it is? 5. Is there any difference between money and other currencies? Conclusion. Will you be using the Currency Strength Meter to find out the value of a currency? Sure, it is a pretty handy tool for that. The issue is you don’t want to use it on too large of an exchange rate. The chart legend can help guide you in this regard: 1. Get your calculator set up as if you were selling something on Amazon.com, and enter the desired value in the box marked “Price”, and then click “Calculate”. This will open up the currency converter (where you enter the values of your product in U.S. dollars). Set your calculator to convert from one currency to another using the exchange rate at 1/1/2014: 2. Click “Calculate” again, and this time choose your product as an example to see how much it would cost in that currency before conversion: 3. If there is an excessive amount of exchange rate fluctuation between currencies, leave it blank so that it only shows how much it would cost in one currency before conversion (and optionally enters an amount for what inflation would add). If there is no fluctuation, try entering a different amount with no comma after: 4. Once all these values are entered into your calculator, click “Save as Charts” and name your chart accordingly — let us call our example “currency strength meter” — then hit save again: