RFX Forex Strength Meter is a powerful tool to trade 8 major currencies in the Forex market,
- U.S. Dollar (USD)
- European Euro (EUR)
- British Pound (GBP)
- Swiss Franc (CHF)
- Japanese Yen (JPY)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- New Zealand Dollar (NZD)
The indicator calculates the strength of each major currency using a unique and accurate formula starting at the beginning of each trading day of your broker. Any trading strategy in the Forex market can be greatly improved by observing the strength of the major currencies.
Features:
1. You can select any set of major currencies to view.
2. You can enable Alert on change in the current place of the strongest/weakest currencies.
3. The indicator shows the 8 major currencies based on their current strength and their strength on the previous bar.
4. The indicator resets the values at the beginning of the trading day.
5. Combination of this indicator with any Forex trading strategy greatly improves the trades quality and reduces the false signals.
* The panel on the top left of the chart is RFX EasyTrade Panel.