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Indicators

Power of CAD - indicator for MetaTrader 4

JAN OPOCENSKY | English Español Português 日本語 Deutsch

Views:
2790
Rating:
votes: 10
Published:
2020.04.06 10:44
Updated:
2020.04.06 12:13

Power of XXX indicator description.


The indicator is showing relative actual strength of currency XXX.

The indicator calculates its value of close prices of 7 pairs containing currency XXX.

The indicator can be used for MEAN REVERSION based strategies.


Lets assume XXX YYY currency pair scheme where XXX is BASE currency and YYY is QUOTEcurrency.

Place Power of XXX into your chart first and Power of YYY second.

You can have 2 relevant situations.



  1. Indicators curves are close to each other. It means there is higher probability that the price of the pair XXX YYY will go UP.

    Do not take Power of .. signals separately from overall market situation (SR levels/zones and so on).   

UP



  1. Indicators curves are FAR from each other. It means there is higher probability that the price of the pair XXX YYY will go DOWN.

    Do not take Power of .. signals separately from overall market situation (SR levels/zones and so on).


DOWN


    Power of AUD Power of AUD

    Power of AUD indicator shows actual strength of currency AUD calculated of 7 pairs that contain AUD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR AUD, GBP AUD, AUD USD, AUD CAD, AUD NZD, AUD JPY, AUD CHF.

    Non Lag Relative Strength Index Non Lag Relative Strength Index

    Non Lag Relative Strength Index for MT4 Eliminates unnecessary preliminary calculations on the built-in RSI.

    Power of EUR Power of EUR

    Power of EUR indicator shows actual strength of currency EUR calculated of 7 pairs that contain EUR. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR USD, EUR GBP, EUR JPY, EUR AUD, EUR CHF, EUR CAD, EUR NZD.

    Power of CHF Power of CHF

    Power of CHF indicator shows actual strength of currency CHF calculated of 7 pairs that contain CHF. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR CHF, USD CHF, GBP CHF, CAD CHF, AUD CHF, NZD CHF, CHF JPY.