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KARAS Currency Index

KARAS Currency Index shows six currencies' trend power. (USD, EUR, JPY, GBP, AUD, CAD). It is a real time currency strength meter with a real time histogram. Three trend terms are used in this indicator. (Long, Medium and Short Terms). Six currencies are selected by their volumes in market and liquidity.

New formula has developed for calculating their real value. Only one chart is enough to see six currencies' values.

15 pairs' power are seen easily by using this indicator. EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, EURJPY, EURGBP, EURAUD, EURCAD, GBPJPY, AUDJPY, CADJPY, GBPAUD, GBPCAD, AUDCAD.


Key Features

  • No Repaint!
  • Available for all TimeFrames.
  • Suitable for Scalpers, Swing Traders, Day Trader, Short Term & Long Term Traders.
  • Compatibility to different trading strategies
  • It is a supporting tool for trading systems as Trend filter.
  • Easy-to-use trading system for beginners, advanced and professional traders.


Trading Strategy

  • BUY EURUSD if EUR crosses USD upwards
  • SELL EURUSD if EUR crosses USD downwards
  • BUY AUDUSD if AUD crosses USD upwards
  • SELL AUDUSD if AUD crosses USD downwards


Indicator parameters

  • Show Bar Limit: Maximum bar for calculation
  • Show Only Chart Currencies: If it is true, when EURUSD chart is opened, EUR and USD are drawn. If it is false, all currencies are drawn.
  • Draw Term: 3 terms are calculated. Long, Medium and Short. Select one of them for showing on chart.
  • Colors of currencies: When you change the colors, Text color of currency and line color will change at the same time.


Author

I am developing automatic trading strategies and indicators for 9 years. Especially I am working on major currencies, CFD and Futures.

If you have any questions, I am always happy to answer.

Best Regards, Ozkan.

Samuel Konadu-Dwumah
88
Samuel Konadu-Dwumah 2018.02.05 09:29 
 

Excellent indicator accurate reading , good job ! am very happy with my results

Version 2.0 - 2018.05.21
CAD and NZD is added