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exlux99
14 Mar 2022 pukul 22.24

Trend Trading with Currency Strength Meter 

U.S. Dollar/Japanese YenFXCM

Deskripsi

This is a trend trading strategy designed mainly for forex made of two big components:

First we have the currency meter, which is made of taking TSI of different INDEXes such as EUR, USD, GBP, JPY, NZD, AUD , CHF and CAD.

Once we establish which one is the weakest and most powerful, we pair them together and we go on that chart.

Lastly we check with the EMA 200 to confirm our direction.


We can see in this example for the USDJPY chart, that USD is the strongest, JPY is the weakest and ema confirm our bullish trend.


For timeframe in general I recommend big timeframes, 1-4h+ , and as a mentality a swing trading mentality, we can stay in trade for days/weeks.

For exit in general I recommend to exit when either one of the pairs losses/gain power or when the EMA is crossing with current candle


If you have any questions, let me know !

Catatan Rilis

updated chart
Komentar
IMMORTAL248
Hi guys,
How can I add alert?
EonGalactic
Hey what should I change to code to give top 3 and bottom 3 currencies wise. Instead of just the just the strongest and weakest? Any advice would be greatly appreciated. Regards.
exlux99
@EonGalactic, hi mate, for this you would need a special search algorithm. here you can see the base of something like that 1) Initialize the largest three elements as minus infinite.
first = second = third = -∞

2) Iterate through all elements of array.
a) Let current array element be x.
b) If (x > first)
{
// This order of assignment is important
third = second
second = first
first = x
}
c) Else if (x > second and x != first)
{
third = second
second = x
}
d) Else if (x > third and x != second)
{
third = x
}

3) Print first, second and third.
exlux99
@EonGalactic, and then for the lowest you would have to do the same
Project_Money_Heist
I can't see numbers on red columns, can U customize colours ?
erdinczeytin94
Can you modify it a little and add a feature such as changing the charts, let's determine the parity we want.
Gully7
Hey, can you leave a link to this indicator please. When I click add to favourites it doesn’t save…
exlux99
@Gully7, you can copy the source code and add it directly into your chart from the study/strategy pinescript window after you copied and pasted it there
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