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Currency Strength Dashboard

Currency Strength

Currency Strength Dashboard

When it comes to currency strengths there are two standard methods to use the currency strength tool:

  • As a trend-following tool.
  • As a trend reversal tool.

When using the currency strength meter, we analyze each currency individually rather than as currency pairs.

The basic idea is to identify the strongest currency and the weakest currency so one can be able to choose the right currency pair to trade. Some traders use it as a tool to buy strength and sell weakness.

Once we determine which currency is independently about to increase in value, we can easily determine which currency pairs are about to experience a value change.

Understanding the concept between individualized currencies and currency pairs will be very crucial for anyone utilizing the currency strength Dashboard, or anyone who is doing forex trading in general.

INPUTS


timeFrame            =   PERIOD_D1;

currencyArray        = "USD;EUR;GBP;JPY;AUD;CAD;CHF;NZD";
symbolPrefix         =          "";
symbolSuffix         =          "";
outputForSymbol      =    "EURUSD"; 
compactModeOn        =        false; 
showInPips           =        true;
refreshTime          =           1;    // Refresh Time in sec 
offset_X             =         200;
offset_Y             =         250;
strongColor          =    clrGreen;   
weakColor            =     clrRed;
neutralColor         =    clrWhite;
borderColor          =    clrGray;
fontSize             =           8;
levelsAlertMode      =      0;    //Select alert Levels
extremeStrongLevel   = 90;    //Extremely strong levels(0-Off)   
veryStrongLevel      =    70;    //Very strong levels(0-Off)   
strongLevel          =       50;    //Strong levels(0-Off)   
currencyAlertOn      = true;    //Currency strength alerts are On/Off 
pushNotificationOn  = true;    //Push Notification are On/Off


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Alexey Minkov
4.74 (54)
GET 10% OFF NOW! Last 2 copies at current price! An exclusive indicator that utilizes an innovative algorithm to swiftly and accurately determine the market trend. The indicator automatically calculates opening, closing, and profit levels, providing detailed trading statistics. With these features, you can choose the most appropriate trading instrument for the current market conditions. Additionally, you can easily integrate your own arrow indicators into Scalper Inside Pro to quickly evaluate t
M1 Arrow
Oleg Rodin
5 (13)
Eine Intraday-Strategie, die auf zwei Grundprinzipien des Marktes basiert. Der Algorithmus basiert auf der Analyse von Volumina und Preiswellen mit zusätzlichen Filtern. Der intelligente Algorithmus des Indikators gibt nur dann ein Signal, wenn sich zwei Marktfaktoren zu einem vereinen. Der Indikator berechnet Wellen eines bestimmten Bereichs auf dem M1-Diagramm unter Verwendung der Daten des höheren Zeitrahmens. Und um die Welle zu bestätigen, verwendet der Indikator eine Volumenanalyse. Dieser
First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on Smart Money Concepts providing in
Wir stellen Ihnen ON Trade Waves Patterns Harmonic Elliot Wolfe vor, einen fortschrittlichen Indikator, der entwickelt wurde, um verschiedene Markt-Muster mithilfe sowohl manueller als auch automatischer Methoden zu erkennen. Hier ist, wie er funktioniert: Harmonische Muster: Dieser Indikator kann harmonische Muster erkennen, die auf Ihrem Chart erscheinen. Diese Muster sind für Trader, die die Theorie des harmonischen Handels praktizieren, wie sie in Scott Carney's Buch "Harmonic Trading vol 1
The breakout algorithm is a technique based on price, price features, to shape a breakout strategy. The strategy in this indicator will not be redrawn (none-repaint indicator), it is suitable for short or long term traders In the screenshot is the EURUSD pair, these currency pairs, commodities or stocks, it have similar strength *Non-Repainting (not redrawn) *For Metatrader4 Only *Great For Scalping *Great For Swing Trading *Arrow Entry, Green is Long, Red is Short *Works On Any Timeframe *Work
Dieses Dashboard ist ein Warntool zur Verwendung mit dem Indikator für die Umkehrung der Marktstruktur. Sein Hauptzweck besteht darin, Sie auf Umkehrmöglichkeiten in bestimmten Zeitrahmen und auch auf die erneuten Tests der Warnungen (Bestätigung) aufmerksam zu machen, wie es der Indikator tut. Das Dashboard ist so konzipiert, dass es auf einem eigenen Chart sitzt und im Hintergrund arbeitet, um Ihnen Benachrichtigungen zu Ihren ausgewählten Paaren und Zeitrahmen zu senden. Es wurde entwickelt,
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