An update to my original Currency Strength script to include a 2nd timeframe for more market context. Changed the formatting slightly for better aesthetics, as the extra column and colors became unsightly. Also added a new setting for "Flat Color", which changes the value background to a simple green/red for above or below 50, rather than using the Color Scale...
Other available matrixes I found have a limited number of forex symbols. Consequentially, you need to keep switching them if you want to do a proper analysis. As a result of that, I produced my own currency matrix. Correlation studies relationships between different price charts. High correlation may be completely random in the short term, but it may signify a...
⬜ Note: This is not the strength of currency pairs. But, in this script we are trying to derive strength of individual currencies by matching against single base currency. ⬜ Process This is based on similar concept as that of Magic Numbers for stocks. Idea is simple. ▶ Calculate strength of each currency against USD. Derive the strength for both price movement...
Trading Indicator Lab’s Currency Strength Index for TradingView is a “multitool” of currency indices. It can calculate the strength index of major currencies namely: - US Dollar (USD) - Euro (EUR) - British Pound (GBP) - Swiss Franc (CHF) - Japanese Yen (JPY) - Canadian Dollar (CAD) - Australian Dollar (AUD) - New Zealand Dollar (NZD) Instead of using...
This script could help to see edged level for a reverse on forex, not for yen pairs and is based on quarter and round number theory. I suggest to use it on H4 timeframe or lower to have a confermation on support or resistance level.
point of possible Reversal, PPR : in this strategy I have tried to find out the possible Reversal points in the forex pairs. It’s the most resisted levels from where the trend takes up a particular direction. These PPR can lead the price in any direction depending upon the time zone its happening in. In this strategy once the code finds a PPR it then checks for...
The indicator plots breakout events of user-defined Forex list, providing alert setting for breakout events. Any big trend begins with a couple of price breakouts. By watching breakout events, we overlook the panorama of the whole market. ---------- Features -------------- User-Defined Forex Asset List, Up To 30 Assets User-Defined Breakout Threshold Accessible...
This strategy is mainly designed for swing trading applied to FOREX. In this case we make use of 2 moving averages but with different time frame, lets say 1h and 1 day. When they cross above we would initially have a long trade, but in this strategy we trade it in reverse, so we would actually enter a short position. The same for short trade. At the same time...
Hello traders 👋 I. 💎 SCRIPTS ACCESS AND TRIALS 💎 1. Every trial request access has to be done through my website. 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here: Daveatt 3. Many video tutorials explaining clearly how all our...
RU Нами было принято решение о возможности предоставления доступа к нашему индикатору - WBCC Strategy, он подходит для любой биржи и видов монет и акций. Примеры: 1) Золото - Форекс - 2) Биткоин - Bitmex - 3) MLT - Binance - Доступен данный индикатор будет с 15 августа 2019 (мы предоставляем возможность его использовать, путем выдачи ограниченного доступа -...
Every good forex system has the following basic components: Ability to recognize the trend direction. Ability to identify the strength of the trend and answer the basic question Is the market trending or is it in a range? Ability to identify safe entry points that will give a perfect risk to reward (RR) ratio on every position. How Advanced Currency Meter Helps...
A nice strategie for the beginners traders..in order to help see better how to folllow the trend.. because trend is youre friend :) For access ----> private message.
This Special Indicator pairs great with kiki, and it is meant to let you know when a high probability short opportunity arises. Only one rule to this indicator, Only enter a short trade when the signal candle is below the purple line. Comments? Concerns? Post them in the comments below, really just looking for feedback from traders. Happy Trading! Bitcoin:...