This is a FOREX indicator that measures the strength of the single currency in the global market using the major currency pairs. The indicator is based on moving averages and highlights the main trend.
It works with major currency pairs EUR, USD, GBP, JPY, NZD, CAD, AUD and CHF.
The main chart will be colored red on a downward trend and will be colored light blue in an upward trend. The main chart will be colored purple when an upward trend is weakening and will be colored pink when a downward trend is weakening.
In the main chart you will see a blue arrow when there are good chances of a trend change from ascending to descending and a red arrow will appear when there are good chances of a trend change from descending to ascending.