Currency Strength Meter Indicator
Buy an Underlying Currency that is Strengthening with Space to Continue Up
Sell an Underlying Currency that is Weakening with Space to Continue Down
Daily and Weekly Mean Reversion Trading:
Buy an Underlying Currency that is Oversold + Consolidating
Sell an Underlying Currency that is Overbought + Consolidating
Strength Meter Chart represents the price movement for major currencies measured against other majors. Results shows strength and weakness against a customizable basket of currencies. Useful to detect then identify which crosses have been trending. Gives trend length perspective + OB or OS relativity. Overextended data on higher TFs serve as possible indication for Mean Reversion strategies or to hedge risks.
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Currency trading software