Currency Strength Indicator

I'm sharing my version of Currency Strength Indicator.

It is simple to use. Wait for 2 pairs to display in the Aligned Pairs under the Analysis tab, that have a common currency. In the screenshot, it's showing AUDNZD BUY and GBPAUD SELL. The common currency is AUD implied to be strong. This implied strength is likely to occur either on same day or next day.


This page shows live computation which get updated as there's more intraday data but for historical computations of the indicator firing, you can check the Indicator History tab. EURAUD SELL fired at 04:50 and GBPAUD fired at 05:08, which also is two pairs with a common currency AUD, implying strength on AUD.

Also, GBPCAD SELL had fired at 03:46, which with the GBPAUD also gave a common currency GBP implied strength, likely to occur same day or next day.


I hope my version of Currency Strength Indicator is helpful.

Post any questions or feedback.

Happy Trading.

So far today, EURGBP is showing BUY and EURUAD is showing BUY, which implies EUR is likely to show strength. EUR is the blue curve in the screenshot above, currently hovering around the zero line.

Hello
Your CS is very interesting. How do I get it.
Thanks.

Interesting. How do I get it?

Can you share the indicator? I’m interested in understanding how it works so I can integrate it into mine.

Oh, sorry guys, I didn't get notified of the messages in here. To use the indicator, you have to install Tor browser. Let me know once you've done that and I'll send the link.

I am expecting choppy price action on EURUSD and the three others in the screenshot but I decided to enter in one direction only since the bias of the choppy price action is in that direction. The EURUSD for example, it does say SELL but I'll make that more user friendly, what it's meaning is that the sell move just finished and so the bias would be buy, which is why I bought (in this case, buy only, instead of buy low sell high).

My currency strength indicator will be free for a while until everything is well tested out, well defined, user friendly, etc. It identifies, choppy (as the current examples), along with two other market conditions, all in real time.

The currency strength indicator also makes it easy to identify these types of setups after end of intraday trends.

The USDCAD setup above is the same setup as the one for EURUSD, which the currency strength indicator easily identifies on the indicator dashboard.

Which also is the same setup as the USDCHF.

Hello.
I have installed Tor browser, send the link, please. Thanks a million.

I'll provide the indicator later this evening, and show some examples of how to use it, etc.

Alright guys, the indicator is ready for use. Two people wanted to use it so please check your PM for the link which I'll send now. I'll also show the setups that we'll be testing this week. I'll include screenshots from Friday.

One easy setup is to simply use the pairs from Cluster Mirror and trade it in the direction of M1 trend.

So for example here, EURUSD and EURAUD, ignoring the indicator direction and trade the pair in the direction of the M1 trend.

Cluster Mirror pair was given in this area, which has a down trend, so this setup would be sell with the target shown.

Cluster Mirror pair was given around the marked area. Price is currently in an uptrend, so the trade direction would be a buy, targeting the horizontal line.

The other pairs Cluster Mirror identified were USDCHF and AUDCHF. It had later also identified USDCAD and AUDCAD but I don't have screenshot of that from Friday. So to trade it, I just look for the trend direction on M1.

The pair was identified in this area. Since trend is up, then trade direction would be buy, with the horizontal line being the target.

The same with this pair. Also the same with AUDCAD and AUDCHF. If you need more examples or have questions, just ask.