How to trade with Trend Currency Strength ?

Trend Currency Strength Meter

Trend Currency Strength Meter : Its a technical indicator that calculates the trend strength of 8 Currencies: USD - EUR - GBP - AUD - NZD - CAD - CHF - JPY based on 6 timeframes ( 15 minutes, 1 hours,  4 hours, daily, weekly and monthly )  and display the summary of the trend strength by currency.

CLASSIFICATION OF CURRENCY STRENGTH BY TREND

STRONG CURRENCY  : The strong currency is displayed in green color. 

NEUTRAL CURRENCY : The neutral currency is displayed Iin white color. 

WEEK CURRENCY      :  The week currency is displayed in Orange color.

How we read the Trend Currency strenght table : 

 

CURRENCY	CURRENCY STRENGTH BY TREND
USD	STRONG AND TREND SCORE 9.53
CHF	NEUTRAL AND TREND SCORE 5.32
CAD	NEUTRAL AND TREND SCORE 4.98
JPY	NEUTRAL AND TREND SCORE 4.83
EUR	NEUTRAL AND TREND SCORE 4.76
NZD	WEEK AND TREND SCORE 2.49
GBP	WEEK AND TREND SCORE 1.52
AUD	WEEK AND TREND SCORE 1.45

CASE 1 : AUDUSD

USD : STRONG and AUD : WEEK => AUDUSD has a strong downtrend.

CASE 2 : GBPUSD

USD : STRONG and GBP : WEEK => GBPUSD has a strong downtrend.

CASE 3 :

USD : STRONG and NZD : WEEK => NZDUSD has a strong downtrend.

CASE 4 :

CAD: NEUTRAL and CHF: NEUTRAL => CADCHF has a ranging Direction. ( Consolidation )

CASE 5 :

CAD: NEUTRAL and JPY : NEUTRAL => CADCHF has a ranging direction. ( Consolidation )

How the Alert are working ?

The indicator has 2 types of alerts :

1. STRONG CURRENCY ALERT : Its an alert generated when a currency is identified as a Strong Currency. This alert can be enabled or disabled from the indicator setting.

2. WEAL CURRENCY ALERT : Its an Alert generated when a currency is identified as a week Currency. This alert can be enabled or disabled from the indicator setting.

Feel free to post your comments below, thank you.

Author

SAYADI ACHREF , fintech software engineer and founder of Finansya.