Complex pairs indicator forex

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Consider trading Google against Amazon. Almost impossible to analyse. To compound this problem, every currency can be bought or sold against a myriad of other currencies. This raises the next key question. If it is, then this is clearly a sign that the UK pound is being bought universally in the market. Finally, we come to the third problem, which is trying to assess the strength of this buying or selling.

After all a currency may be overbought strong or oversold weak but how strong is strong, and how weak is weak. Consider this for a moment. Would this information give you a high risk, medium or low risk trading position? And the answer……… is a low risk trading opportunity.

After all, you are now taking a position based on a view across the market. This is where the Quantum currency matrix steps in. It provides the solution to all three problems in one elegant indicator, and is a complimentary indicator to the Quantum currency strength indicator. Find trading opportunities — get entry and exit signals based on the strength of currencies. Complex algorithm — the algorithm will detect the strength by analyzing the price in several pairs. Get notified — receive notifications when an entry or exit signal is generated.

Free — no need to risk by paying money to indicator sellers. Features The following are the features of our Currency Strength meter for MetaTrader: Automated complex algorithm Detection of strength based on multiple pairs Sensitivity adjustment Generation of entry and exit signals Alerts inside platform, by email or via mobile notifications Enable or disable currencies as you prefer Display of different timeframes Works in MT4 and in MT5 Requirements and Support Before you start using the Currency Strength Lines indicator, you need to understand its requirements and capabilities: MetaTrader 4 — this indicator works in MetaTrader 4.

MetaTrader 5 — this indicator works in MetaTrader 5. Free download — get. This Currency Strength meter shows the strength of a currency with a line, and there are some simple rules to read it. There are several ways to calculate the strength, however, the main rules are: A line going upwards means that the currency is gaining strength. A line pointing downwards means that the currency is becoming weak. Flat lines, or almost flat, represent currencies that are maintaining their current strength.

A line above another one means that one currency is stronger than the other one. A line above zero is likely to have a bullish trend against currencies below zero and vice versa. How to Trade Currency Strength Lines? Considering the basic rules explained above, ideally you always want to trade a strong currency or a strengthening one against a weak currency or a weakening one.

The Currency Strength Lines indicator is versatile and, depending on your trading style, you can use it for both long-term trading and scalping. It is best to use Currency Strength Lines with some confirmation signals when trading. Generally, you might want to trade: Diverging lines, where one currency is gaining strength and the other one is losing strength. Currencies on opposite sides — one with its line significantly above zero and one — significantly below.

And here are some examples for better understanding of those rules: After the two lines cross, the USD red line consistently remains above the EUR blue line. In this case, we assist to a bearish trend. In the first part of the graph, the USD line red is above the EUR line blue , and the distance between the two is significant. In the second part, the distance between the lines is small, meaning no currency is significantly prevailing. In this case, we see consolidation sideways.

Then, the two lines cross as the bullish trend ensues. In the final part, the lines are moving close together, indicating a sideways market. After a cross, you see a countertrend starting. The JPY line magenta crosses the GBP line light blue , keeping some distance hence some difference in strength and a bearish trend.

The lines then cross again and the trend inversion occurs.