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The currency strength indicator for TradingView is here
Check out the indicators at https://www.quantumtrading.com Risk Disclosure: https://goo.gl/nnmrwP TESTIMONIAL DISCLOSURE: TESTIMONIALS APPEARING ON QUANTUM TRADING MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS OR CUSTOMERS AND IS NOT A GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS.
Your success as a forex trader depends on many things, but one of the most important is being able to identify when a currency or currency pair is overbought or oversold. In other words whether it’s strong or weak. Why
Because the forex market is one of mean reversion, where currency pairs oscillate continuously, moving from strong to weak and back again in all timeframes. It is this concept which lies at the heart of forex trading and without the Quantum Currency Strength indicator, it’s almost impossible to see in any other way. There are simply too many currencies, and too many pairs to do this quickly and easily yourself. You need help! This is where the currency strength indicator steps in.
It’s been designed with one simple objective in mind. To give you a bird’s eye view of the eight major currencies, filtered out from the 28 currency pairs. These eight currencies are the building blocks of the forex world and are the starting point for any analysis, which are then displayed in a simple, clear and elegant way in all timeframes.
The currency strength indicator for TradingView displays the eight currencies individually, giving you endless combinations of trading opportunities from scalping to swing and trend trading in all the various currency pairs. All you have to do is identify the two best currencies, analyse the corresponding pair on the chart, and away you go. Whether you prefer reversal trading, trend trading or breakout trading, this indicator does it all. Strong trends higher and lower are instantly revealed, and where they crossover, then a strong trend is underway. Equally, as two opposing currencies reach extremes, a reversal trade is setting up. Finally, as currencies move sideways, congestion is building and so offering the opportunity for a breakout trade. All of this is revealed in the indicator quickly, clearly and simply.
And of course in TradingView it’s even more powerful, as the indicator works in all timeframes, so whether you choose to trade as a scalper on the 1, 2, 3, 4 or 5 minute timeframes or perhaps the slower timeframes of 2hr 3hr and 8 hours, the indicator works in exactly the same way. You choose and away you go.
So if you’re serious about trading forex the Quantum currency strength indicator on the TradingView platform will set you on the right road delivering the information you need to succeed and giving you the confidence to get in, stay in and get out at precisely the right time.