Hi Traders,
This is a pretty interesting alternative approach to identifying the best pairs to trade in forex. The indicator is called 'Orion' and it's an Index Based Gain Analysis tool which dynamically calculates the LFX index date in real time for the major currencies.
Traders can apply their own custom timeframe filters so that they are alerted when currencies meet their filter requirements. Essentially using an Index based approach allows traders to select the strongest/weakest currencies to trade on their preferred trading timeframe.
You can see details of the Orion product here
Regards
Crispin
FX AlgoTrader
http://www.fxalgotrader.com
This is a pretty interesting alternative approach to identifying the best pairs to trade in forex. The indicator is called 'Orion' and it's an Index Based Gain Analysis tool which dynamically calculates the LFX index date in real time for the major currencies.
Traders can apply their own custom timeframe filters so that they are alerted when currencies meet their filter requirements. Essentially using an Index based approach allows traders to select the strongest/weakest currencies to trade on their preferred trading timeframe.
You can see details of the Orion product here
Regards
Crispin
FX AlgoTrader
http://www.fxalgotrader.com