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RSI Basket Currency Strenght

5

 

The RSI Basket Currency Strenght brings the RSI indicator to a new level. 

Expanding the boundaries of TimeFrames and mono-currency analysis, the RSI Multi Time Frame Currency Strenght take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses. 

The indicator works with any combination of AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD pairs and with full automation takes in account every RSI value for the selected Time Frame. 

After that, the indicator plots the average of the values, making it as an oscillator around the zero value. 


If the currency line is over the other, it indicates a whole strenght of such currency against the other seven. 

If the currency line is over the zero line, it's a clear signal of strenght, driving the price in the direction of the currency position (long if currency is the numerator, short if it is the denominator).


The RSI Basket Currency Strenght can be fully customized with your favourite Time Frame (greater or equal your working Time Frame).


It is a great tool for trend confirmation and for spotting potential reversal moments, while the counter currency gains strenght in the whole market. 


FREE version (Only working on EURUSD) available here --> https://www.mql5.com/en/market/product/48706/


Produly developed by www.automazionetrading.com

Bewertungen 2
Roberto Rossi
311
Roberto Rossi 2021.11.13 14:43 
 

Indicatore eccezionale.

GoodMorningg
524
GoodMorningg 2020.04.24 12:07 
 

Реально крутой помощник в торговле! Попробовал бесплатную версию и сразу же купил платную!

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Shepherd Harmonic Pattern
Abdullah Alrai
4.68 (59)
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Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
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Paulo Rocha
5 (1)
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
Full Forex Market View Dashboard
Opengates Success International
5 (2)
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Auswahl:
Roberto Rossi
311
Roberto Rossi 2021.11.13 14:43 
 

Indicatore eccezionale.

GoodMorningg
524
GoodMorningg 2020.04.24 12:07 
 

Реально крутой помощник в торговле! Попробовал бесплатную версию и сразу же купил платную!

Antwort auf eine Rezension
Version 2.0 2021.12.19
V 2.00 Upgrades:

• Minor Bugfix
• Corrected some typos
• Added Alert functionalities