Forex trend map
Currency Strength Meter Our currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the forex trend map of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. Please see notes below for further details.
How Does The Currency Strength Meter Work? The meter takes readings from every forex pair over the last 24 hours, and applies calculations to each. It is useful as a quick guide to which currencies you might want to trade, and which might be worth staying away from. For instance, if a certain currency is very strong, and another suddenly turns weaker, you may find a trading opportunity.
Such deviation between pairs usually indicates momentum. Conversely, if two currencies are weak, strong or average strength, there is often a range or sideways movement happening. How Often Is The Meter Updated? It checks our real time forex data every minute and determines the current strength. Any changes will appear if you refresh the page. It’s Still Not Clear, Can You Show Me A Real Example? Sure, let me show you a couple taken right now.
The essence of this FX indicator is to extract the most active price areas on the chart. These price zones are allocated to different colors on the chart depending on the activity. 4, fx heat map, forex heatmap, HEAT MAP MT4 IND, heatmap mt4, order heatmap fx, Fibo Color Zones. The purpose of this indicator is to highlight the price zones that had the most activity : the hotest zones. The indicator shows a gradiant of zones colored in red. It goes from bright Red ‘coldest’ to Dark Red ‘hottest’.
Scale : the size of each zone. If all you get is a blue rectangle then check the availibility of history data for the period you’ve set, or just change the period. If you downloaded this indicator before July 24 2010 then please redownload it. The indicator is cool but it would go a long way if someone can develop different color patterns for the varying degrees of activities.