![]() How to use it in trading?Ĭurrencies that are significantly sloping away from each other are candidates for trend trading.Ĭurrencies that run parallel to each other are ranging and can be traded from the top of a band or channel to the bottom with confidence. Feel free to experiment with the settings and parameters to fit your personal preferences. The default indicator settings can be modified directly from the input tab. It uses the percentage difference in Linear-weighted averaging (LWMA) of the closing prices. The indicator is based on the mathematical decorrelation of 28 cross currency pairs. The indicator is displayed in a separate window placed just below the main trading chart, and it provides the strength momentum of the 8 major currencies: The Currency Strength Meter indicator shows which currencies are trading STRONG against the WEAK currencies! Introduction to the Currency Strength Meter Indicator
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